Brief Country Report: Zambia

Brief Country Report: Zambia

Westminster International University in Tashkent

Level 4: Economics
Empirical -   Brief Country Report

2012 - 2013

COURSEWORK 2
(Word count 1761)

To be completed by the student
Student’s ID number | 00001992 |
Module name | Economics |
Module code | BUZE400 |
Tutor | Azim Raimbaev |
Individual assignment |   |
Group assignment | |
Submission deadline | 25.03.13 |
I certify that all material in this coursework which is not my own work has been acknowledged and I am fully aware of the consequences of plagiarism. Signed | For Academic Registrar use only |
Outline
Introduction 3
I. Analyses of Key Macroeconomic Indicators 3
1. Growth Rate 4
2. Productivity growth 5
3. Output Gap 6
4. Unemployment Rate 6
5. Inflation Rate 8
6. Trade 8
II. Interrelationships between key macroeconomic indicators 9
1. Growth and Unemployment, Okun's Law 9
2. Inflation-Unemployment Tradeoffs, the Philip curve 10
Conclusion 11
Bibliography 11

Introduction
Over the years a great deal of works have been devoted to improve the economic performance of one of the sub-Saharan African country,   located in the territory of Northern Rhodesia, Zambia. The country   gained independence from the British in 1964, and started to operate and be counted as a separate economy. This empirical study analyses the available annual data on key macroeconomic indicators of Zambia for the period from 2000 to 2012 years, and explains the interrelation between these indicators with the help of important macroeconomic theories.
I. Analyses of Key Macroeconomic Indicators
As it is noted in macroeconomic textbooks, the nation's overall macroeconomic performance matters, not its own sake but because many individuals experience its consequences. The assumption that these connections between the overall economy and the lives of individuals are reflected in data on key macroeconomic indicators helps us to understand the country's general macroeconomic situation...

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