1

Macroeconomics CSQ

General guidelines:

o Trends (1 to 2 marks) 1 to 2 observations

o Definitions (1 to 2 marks)

o Identify factors (4 marks) 2 factors with explanations

o Explain causes or explain relationships (4 6 marks) - theory + evidence

o Evaluate To what extend Comment (6 to 10 marks) theory + evidence

support or not support + judgments

Main Coverages

Macro indicators:

Trends analysis (across time), comparing trends across countries

o Inflation rates

o unN

o economic growth

o BOP, BOT

o Exchange rates

o Investment, consumption etc

Performance and health of an economy/comparing across economies

o Internal Vs external

Relationships between economic variables

o Inflation rates Vs UnN

o Growth Vs Inflation rates

o Exchange rates Vs BOT

o Investments Vs Growth etc

SOL

o Data supporting and limitation of data

o Compare across time or countries

2

Problems and Policies:

Identify causes of macro problems based on case materials

o Need to find evidence

Comment on effectiveness of policies highlighted in case

o Need to find evidence to support the effectiveness or ineffectiveness

Suggest alternative policies (not in the case)

o Discuss effectiveness and limitations

Globalisation and Trades:

Free trade Vs Protectionism (e.g. USA Vs China etc)

o Theory of CA applicable?

o Types of protectionism highlighted from the case

o Justification of protectionism

o Evaluate effectiveness etc

Impacts of globalization on an economy (e.g. Singapore)

o E.g. Rise of China: challenges and opportunities

o Need to analyse impacts on all macro and micro indicators e.g. growth, N,

P, BOP, income distribution etc