Research the current state of macroeconomic variables for the UK

You should study the notes on this page carefully before proceeding to the task on p.2.

This individual individual assignment is worth 70% of the overall module mark, with a word count of 3,500 +10%. You should avoid –10% because then you might run the risk of not addressing the assignment task sufficiently.

The assignment must be submitted electronically via Turnitin. If the module leader suspects that the submitted assignment is not the work of its author, the submitting student may be called for a viva (oral presentation) on the topics of the assignment.

Refer to the module handbook on Blackboard for the LOs assessed by this assignment, the marking criteria, as well as the assignment’s connection with employability.

 Notes

  • your report should include an introduction and a conclusion, but NO Executive Summary or Abstract
  • Avoid personal opinions and unsubstantiated claims. Therefore, engage with what the references say in relation to the questions (instead of simply adding references to the discussion). This helps you to justify and substantiate. To do so, use Author (year) as part of your sentence structure alongside simply adding (Author, year) to the end of a sentence.
  • In your answers, do not restate the assignment questions using your own words.
  • Avoid mini literature reviews because they do not address a question; avoid lengthy introductions to an answer.
  • Avoid bullet points. Instead, we need a fluid discussion with only a few subheadings. This means that the structure of the discussion comes from ordered and precise thinking, but not from using lots of subheadings.
  • Your discussion must be explicit and specific. This means that vague, implicit and implied answers will be insufficient.
  • in your reference list at the end, only list the sources that you actually used in the main text

Task

You have been appointed as an economic advisor to top-level management in a UK-based company.

Research the current state of play of the following macroeconomic variables for the UK, including relevant current statistics and graphs:

  1. Inflation
  2. Economic Growth
  • Employment and unemployment
  1. Balance of Payments

Compose a report to the top managers of your company that:

1) critically analyses the main causes of change in the above macroeconomic variables;  60 marks

and

2) proposes and evaluates three options of how management can deal with the impact that the above macroeconomic variables have on your company.  40 marks