Hello, dear friend, you can consult us at any time if you have any questions, add WeChat: daixieit

DEPARTMENT OF ECONOMICS

Autumn Semester 2023-24

ECN21003: International Economics

Applied Portfolio Project

Details of the portfolio project are given below. Answers should not exceed SIX pages; this includes any tables, figures or diagrams but excludes the bibliography. Any material beyond this limit will not be marked.

Please format the assignment using double spaced text, Arial font size 12, minimum 2 cm margins (as pre-set in the submission template).

The bibliography may be in single spaced text.

Referencing should use the Harvard system consistent with Departmental guidelines; further guidance is available through the Library web pages:

https://www.librarydevelopment.group.shef.ac.uk/referencing/harvard.html

To input equations, diagrams etc. these can be handwritten and then produce an image of these (using a smartphone, digital camera or scanner) which can then be inserted into a Word document. Alternatively, you can use the equation editor function in Word.

The submission deadline for all components of the Applied Portfolio will be Monday 13 May 2024 at midday. All submissions must be uploaded to the L2 Applied Portfolio Blackboard organisation

You must attach a submission template coversheet to the front of your work when submitting it to Turnitin to avoid a 5% penalty.  Full details of this policy can be found in the Student Handbook.

Please ensure that you have read the assessment guidelines provided in the Student Handbook, including the guidance about submission requirements, extension requests and extenuating circumstances and the use of unfair means.

Choose ONE country and prepare a policy note explaining how this country contributes to, and is affected by, Global Economic Imbalances – the main theme of this module. You need to analyse the balance of payments of your chosen country using the tools introduced in this module and evaluate its sustainability.

To complete this task, you will:

· collect data on your chosen country’s balance of payments,

· interpret the data, making international and historical comparisons,

· reflect on the main reasons why the current account of your chosen country is the way it is, and decide if there is cause for concern in the short or long term.

Activities in workshops are designed to help you complete this task; this is where we demonstrate how to explore datasets from international organisations (e.g. IMF, OECD, World Bank), make meaningful international comparisons, apply the theoretical tools introduced in lectures, and provide advice on assignment writing in general.

You are not expected to produce an original econometric study.

There are some restrictions for your choice of country. The country

· must have a current population greater than four million,

· must collect and report balance of payments data on BPM6 basis (as explained in workshop),

· must not be a tax haven,

· must not be the United States.

If you have any doubts about the suitability of a potential country, I am happy to have a chat before or after lectures or workshops or during C&F hours.

Data sources:

Balance of Payments and International Investment Position - By Country - IMF Data

Further data from the OECD

Some nice graphs from the OECD for international & historical comparisons

Observatory of Economic Complexity

Global Imbalances Tracker

Country information – General economic outlook

OECD data