Supporting Employment Creation and Enhancing Debt Sustainability

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ECON1010, sem1 2019, assignment template
ECON 1010 – Macroeconomics 1
Policy Brief
(strictly follow the template below and use this template only for submission)
You must compose the policy brief according to the template detailed in this section. Instructions for each
required element of the brief are included within this template These instructions are reflected in the
requirements of the rubric detailed. Ensure that the policy brief includes each of the elements detailed in the
template, and that you do not reorder, rename, or omit any of these elements.
All members should agree with the following contribution weights to the group assignment.
Group members
Only one submission per group
Student name Student
number
% contribution
(must add up to 100%)
Signature (take a picture of
a signature and paste here)
Final mark
(tutors only)
Please indicate using * in student name who will be submitting the assignment in
Turnitin (in Canvas) on the group’s behalf.
Notes: Your final mark will then be calculated as the group work mark multiplied by
your contribution divided by the highest team member’s contribution. Note that if
equal contribution has been made by a group of 3 for example, the percentages should be
listed as “33.3%”. See the example below
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ECON1010, sem1 2019, assignment template
An example of how the equity of contribution applies is as follows:
 Student A has made the majority of contribution with 60% being contributed towards the group
work, whereas Student B has made a less significant contribution with 30%, and Student C has
made very little contribution with only 10%.
 The group has received 16/20 for the final report.
Thus, the following table is completed and marks will be calculated as the following:
Student name Student
number
% contribution Signature Final mark (tutors only)
Student A* S1234567 60% Student A’s signature 60%/60% x16 =16/20
Student B S2345678 30% Student B’s signature 30%/60% x16 =8/20
Student C S3456789 10% Student C’s signature 10% / 60% x 16 =1.6/20
Please note that submitting equity of contribution is compulsory with your report. Groups who fail to
submit an equity of contribution will receive an overall mark of 0 for their final report, NO
EXCEPTIONS will be made to this rule.
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ECON1010, sem1 2019, assignment template
Template
Part A: Diagnostics Analysis
Name of country: Greece
Indicator 1: Unemployment Rate
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
0.0
5.0
10.0
15.0
20.0
25.0
30.0
8.0 8.4
10.6
14.7
21.2
26.4 27.4
25.8
23.9 23.4
20.9
18.4
Unemployment rate (Seasonally adjusted)
Unemployment rate
(Seasonally adjusted)
%
Figure 1: Source: Hellenic Statistical Authority, 2019.
The level of unemployment in Greece started rising sharply following the
occurrence of the Global Financial Crisis (GFC) in 2007-2009. In 2007, Greece’s
unemployment rate was 8% and rose sharply to 26.4% in 2012 and 27.4% in 2013. From
2013, Greece has been recording a decrease in unemployment rate though at a slow pace
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ECON1010, sem1 2019, assignment template
given the economic crisis this country has been facing lately. From 27.4% in 2013, the
unemployment declined to 25.8 % in 2014, to 23.4% in 2016 and to 18% in 2018 (Hellenic
Statistical Authority, 2019). From this trend, it is clear that the unemployment level in
Greece has not gone back to its level before the happening of the Global Financial Crisis.
Furthermore, when compared to other European countries, Greece is the country with the
highest level of unemployment.
Jan-18
Feb-18
Mar-18
Apr-18
May-18
Jun-18
Jul-18
Aug-18
Sep-18
Oct-18
Nov-18
Dec-18
Jan-19
17.0
17.5
18.0
18.5
19.0
19.5
20.0
20.5
21.0 20.620.6
20.2
19.8
19.4
19.2
19.018.918.8
18.618.6
18.418.5
Unemployment rate (Seasonally adjusted)
Unemployment rate
(Seasonally adjusted)
%
Figure 2: Source: Hellenic Statistical Authority, 2019.
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