Textbook
McConnell, C. R., Brue, S. L., & Flynn, S. M. (2021). Economics: Principles, problems, and policies (22nd ed.). McGraw-Hill Education.
Pugel, T. A. (2020). International economics (17th ed.). McGraw-Hill Education.
Textbook
McConnell, C. R., Brue, S. L., & Flynn, S. M. (2021). Economics: Principles, problems, and policies (22nd ed.). McGraw-Hill Education.
Pugel, T. A. (2020). International economics (17th ed.). McGraw-Hill Education.
The Digital Economy
Title: World Economies Comparison Presentation
Assignment Directions
The economic growth and trade competitiveness of countries can be influenced by the economic, political, and cultural development within the
country. There are several countries that can be compared to see how a successful economy’s decisions differed from a less-successful economy.
Step 1: Select Economies
This pair of economy has 1 highly successful country and 1 less successful country:
•
China vs. India (world’s two most populous countries)
Research the economies of these countries.
Compare similarities and differences between countries/economies. Continue to Step 2:
Create a Presentation
Step 2: Create a Presentation
In a 12- to 16-slide presentation with detailed speaker’s notes and visual elements, including graphs and tables, explain how their economic,
political, and cultural development since 1992 has influenced their economic growth and trade competitiveness.
Include the following in your presentation:
•
Use tables or graphs to support your analysis of the following economic statistics/indicators of your 2 economies through the most recent
year available since 2009 (the trough of the last economic cycle):
•
•
•
•
•
GDP per capita growth over time
Inflation rate over time
Unemployment rate over time
Exports as a percentage of GDP over time
National government debt as a percentage of GDP
Whenever possible, plot the metric for both economies on the same chart.
•
Evaluate the reasons why the economic growth of the 2 economies/countries varied. Discuss how international trade influenced the
strength of each economy. Discuss the role of value chains and value-added production.
•
Analyze how the failure to use value-added trade measures distorts trade statistics.
•
Examine at least 2 industries that have provided each economy a comparative advantage in world trade.
Cite at least 2 academically credible sources.
Competency Assessment Rubric
Assignment/Performance
Criteria
Mastery
100%
1. Country Comparison
(weight 20%)
Thoroughly compares similarities
and differences between chosen
countries / economies and
successfully explains how their
economic, political, and cultural
development since 1992 has
influenced their economic growth
and trade competitiveness.
2. Analysis
(weight 20%)
Thoroughly analyzed economic
statistic/indicators of two chosen
economies including the use of
tables and/or graphs that clearly
depict GDP per capita growth,
inflation rate, unemployment
rate, exports, and national
government debt as a % of GDP
over time since 2009 for each
chosen economy.
3. Economic Growth
(weight 20%)
Thoroughly evaluated the
reasons why the economic
growth of the two chosen
economies / countries varied
from a creative and innovative
perspective. Clearly discusses
how international trade
Assignment/Performance
Criteria
Mastery
100%
influenced the strength of each
economy, as well as the role of
value chains and value-added
production.
4. Value Added Trade
Measures
(weight 20%)
Thoroughly analyzed how the
failure to use value-added trade
measures distorts trade statistics
from a creative and innovative
perspective.
5. Comparative Advantage
in World Trade
(weight 20%)
Thoroughly examined more than
2 industries that have provided
each economy a comparative
advantage in world trade.