Subject Code : BS1112
Assignment Task:

Introduction 

This assignment consists of two reports. The first report involves extracting economic data from internet sources. It will also examine your ability to present data using an Excel spreadsheet and interpret the data using appropriate economic theory. It is worth 40% of the assignment mark. The second report will cover survey analysis using SPSS. It will assess your ability to set up and conduct hypothesis tests and to interpret their results. The second report will be worth 60% of the assignment mark. This assignment represents 75% of the overall module mark. 

The report should include the following sections: 

• Title page 

• Table of contents 

• Report 1 (Excel) 

• Report 2 (SPSS) 

Part 1 and Part 2 should both have an Introduction, Conclusion, References and Appendix. 

Information about Submission: 

The assignment should be uploaded onto Turnitin before the deadline specified in the teaching. The submission deadline is 01/05/2020 at noon. A hard copy does not have to be submitted. You will need to produce your work in a single Word document. This will mean that any data and charts you produce in Excel or SPSS will need to be imported (copied) into Word. I recommend uploading a pdf version of your report onto Turnitin to ensure that all graphs and tables are correctly displayed. Furthermore, 

Turnitin only accepts pdf or word (.doc/.docx) documents. Any other formats cannot be opened and will receive a mark of 0. 

1 Data analysis using Excel (Report 1) 

You are asked to prepare a statistical brief about the economic development of the United Kingdom for the period 2005 to 2018. You will have to compare the development in the UK with one other country. Do not choose the other country randomly - you will have to provide a justification why you think that the comparison is of interest for a wider audience. 

Report format and layout 

Make sure that Report 1 contains the following sections: 

• Introduction 

• Main Body 

• Conclusion 

• References 

• Appendix 

The work should be neat and tidy and easy to read. Also, it is very important to use a consistent reference style for both in-text citations and the list of references displayed at the end of the report. Any data should go into the appendix. Note that also the data in the appendix has to be presented neatly and easy to read. Do not just copy and paste the data from the statistical webpage. This part should not be longer than 5 pages including any appendices. 

You will have to complete the following tasks: 

Task 1 - Data Collection 

Download the following data from the OECD website into Excel: 

1. Annual real GDP data for the UK for the period 2005 – 2018. 

2. Annual real GDP data for one other country of your choice for the period 2005 – 2018. 

3. The inflation rate, Consumer prices - all items, for the period 2005 – 2018 (for the UK and the other country you have selected) 

You will realise that there are many different types of GDP available on the OECD webpage. It does not matter if you select the output, the expenditure or the income approach - they all will be very similar. Select the approach that is available. The real GDP is often referred to as GDP at constant prices. To be able to compare the GDP of the UK with the GDP of another country, you have to ensure that both are measured in the same currency, e.g. US Dollars. With respect to inflation, select the measure ”Growth on previous period”. 

Add all the raw data into the appendix of Part 1. Do not forget to present the data in a user-friendly way. Also, state precisely which data you have selected

 

Task 2 - Graphical Methods 

You have to produce three charts: 

1. Create one chart that compares the real GDP growth rate from 2005 - 2018 of the UK with the other country you have selected.  

2. Create one chart that compares mean real GDP growth rates for the UK and the other country you have selected. 

3. Create one chart which shows the relationship between real GDP growth and inflation. Advice: Pool the data for the UK and the other country you have selected. 

You have to choose the chart type which you think is most appropriate. Charts have to be clearly labelled and presented. The charts have to be included in the main body of the report. 

Task 3 - Write a statistical brief 

Using the charts and the numerical descriptive statistics to write a report on the economic development of the UK since 2006. You have to describe your charts and explain any patterns of interest. Good answers will be able to link the observations with economic theory. Include the following in each section of the report: 

Introduction: Provide an outline of the topic of your report and highlight its relevance. Also, justify the selection of the other country (word limit: 150). 

Main Body: This part contains your analysis and interpretation of your findings. All charts and the descriptive statistics table have to be presented in this section. Do not use bullet points - this is a report, not a PowerPoint presentation (word limit: 600). 

Conclusion: Conclude your report by summarising your findings, provide an outlook for further investigations and / or policy recommendations

 

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  • Posted on : May 16th, 2019

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