FINC5090 - Finance in Global Economy Week 3 Semester 2, 2023
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FINC5090 - Finance in Global Economy
Week 3: Weekly Assignment Outline
Balance of Payments
Semester 2, 2023
1 Instructions
1. Read the instructions carefully.
2. This assignment forms part of your individual assignment.
3. The DUE DATE is 10 SEPTEMBER 2023 as a part of your individual assignment. The submission link will stop accepting submissions at 23:59 on the submission date. DO NOT send your work via email if you miss the deadline.
4. Plagiarism is a serious academic offense and will result in zero marks and disci- plinary action.
5. Make sure you write your correct Student ID as the page header. Student ID uniquely identifies an author, and it is important that the marker knows the au- thor of an assignment.
6. Submit your assignment in PDF format only.
2 Task 1
Choose a country and analyze its balance of payments for the past 10 years (2010-2019). Below are some examples of points you may consider in your analysis.
A. Examine how trade in goods and services has evolved over time. Is the country becoming more or less competitive in world markets?
B. Consider the relationship between the country’s net foreign asset position and its international investment income account.
C. If the country has run a current account deficit, what capital inflows have fi- nanced the deficit? If the country has run a current account surplus, how have the capital outflowsbeen invested?
1. Good sources of data are the official bulletin of the country’s central bank, the International Monetary Fund (IMF), or the Organization for Economic Coopera- tion and Development (OECD). These data are public and available for free. My suggestion is to pick a country different from your nationality.
2. Refrain from writing stories. Make your point as quickly as possible. A succinct write-up of analysis is always appreciated by the readers. Make sure you keep the core concepts of week 3 in mind when writing this task.
3. Be mindful that this task is an academic piece of work, and your write-up should reflect this fact. Make sure you knowhow and when to cite. Only academic journals and reputable periodicals (like the Economist, Time, American Banker, Wall Street Journal, et cetera) are allowed. A blog or some random website does not constitute a great reference.
4. You may download additional data and incorporate that into your analysis, OR you may produce some statistical analysis of the data that you may use to en- rich your analysis. These are examples of going above and beyond the minimum required. Since this part requires additional effort from a student, it also carries a reward. If you do this, you are allowed up to 2 A4 pages (single-sided) in the ap- pendix. The contents of the appendix should be legible. These pages maybe used to present the work based on which you present your argument(s) in answering this task.
5. Based on the numbers that you get, you must present your analysis in writing. For the write-up, the limit is up to one A4-sized, single-spaced, 2.5cm margins (top, bottom, left, and right) page with the Times New Roman font of the size of 12.
3 Task 2
How did the country, which you chose in Task 1, fare during the COVID-19 pandemic?
1. Good sources of data are the official bulletin of the country’s central bank, the International Monetary Fund (IMF), or the Organization for Economic Cooper- ation and Development (OECD). These data are public and available for free. Macroeconomic quantities such as unemployment, consumption, investment et cetera are important data that are paid attention to by various financial market participants.
2. You are free to structure your analysis, which can be cross-sectional or time- series based. In other words, you can compare countries with each other over the COVID period (2020-2021), or you can compare the same country with itself over two time periods.
3. Refrain from writing stories. Make your point as quickly as possible. A succinct write-up of analysis is always appreciated by the readers. Make sure you keep the core concepts of week 3 in mind when writing this task.
4. Be mindful that this task is an academic piece of work, and your write-up should reflect that. Make sure you knowhow and when to cite. Only academic jour- nals and reputable periodicals (like the Economist, Time, American Banker, Wall Street Journal, et cetera) are allowed. A blog or some random website does not constitute a great reference.
5. You may download additional data and incorporate that into your analysis, OR you may produce some statistical analysis of the data that you may use to en- rich your analysis. These are examples of going above and beyond the minimum required. Since this part requires additional effort from a student, it also carries a reward. If you do this, you are allowed up to 2 A4 pages (single-sided) in the ap- pendix. The contents of the appendix should be legible. These pages maybe used to present the work based on which you present your argument(s) in answering this task.
6. Based on the numbers that you get, you must present your analysis in writing. For the write-up, the limit is up to one A4-sized, single-spaced, 2.5cm margins (top, bottom, left, and right) page with the Times New Roman font of the size of 12.
2023-09-15