Analyze the effects of economic problems such as inflation

Analyze the effects of economic problems such as inflation

A Macroeconomic Analysis of Unemployment in Saudi Arabia

Upon completion of this research, students will be able to:

A. To enable students to develop a basic understanding of the nature and method of economics within the framework of a “market economy.”

B. To provide an understanding of the role of money and banking in a market economy.

C. To provide an understanding of the role of fiscal and monetary policy in stabilizing the economy.

D. Explain the impotance of economic development and growth on the whole economy.

E. Analyze the effects of economic problems such as inflation, recession and unemployment on the economy equilibrium.

Each student will produce the following outcome as evidence of their work: no more than 4,000 words, minimum 3,000 including a minimum of 5 references.

Topic and Task Requirements:

1) The theoretical framework is the Aggregate Demand and Aggregate Supply. Impact(s) on the economy must be theoretically illustrated using this basic model. Illustrate the unemployment ‘gap’ and how this ‘gap’ can be reduced.

2) The report must make clear references (citations) based on recent articles from the media this year which clearly show evidence of research.

3) The report must be written in Report Format, ie structured with suggested subtitles: Introduction, background, theory, analysis, results, conclusion, references, Appendix.

Coversheet: names, student number, date, title, course unit, word count

Ariel, titles font 14 bold, text font 12, page numbers (not cover sheet). 1.5 spacing between lines, double between paragraphs. All tables and graphs labelled, and clearly and professionally illustrated.

4) The objective report must include recent data and economic reasoning. Unemployment in Saudi Arabia is as much a problem as anywhere else in the world. The causes of unemployment may be different to those in other countries around the world but the urgency of dealing with unemployment is no less pressing. Within the background of recent economic and financial disturbances both domestically and globally, the growing importance of resolving the problem of having large numbers of jobless in the Kingdom is a priority, as highlighted in Saudi Arabia Vision 2030 Report.

5) The report must address the following issues:

a. Changes in aggregate demand
b. Changes in aggregate supply
c. Determinants of aggregate demand/supply
d. Types and causes of unemployment
e. Recent data
f. Government policies/ Saudi Arabia Vision 2030

Precise data is not needed for the theoretical analysis, but specific events impacting on the economy must be documented.

Each team must work independently of each other. The success of each team will depend upon cooperation amongst members of the team and appropriate division of tasks amongst team members.

Assessment

This project forms a major part of the assessment for this course. It is worth 20% of the total overall assessment.

Marking Matrix

References for background reading:

Saudi Arabia Unemployment forecasts
http://www.tradingeconomics.com/saudi-arabia/unemployment-rate/forecast

Unemployment facts and figures
http://saudigazette.com.sa/opinion/local-viewpoint/unemployment-facts-figures/

Youth Unemployment
http://www.ibtimes.com/saudi-arabias-youth-unemployment-problem-among-king-salmans-many-new-challenges-after-1793346

Female Unemployment rate
http://www.arabnews.com/news/560096