Category: Macro Economics

General Instructions – PLEASE READ THEM CAREFULLY
The Assignment must be submitted on Blackboard (WORD format only) via the allocated folder.
The due date for Assignment 1 is 25/05/2024.
Assignments submitted through email will not be accepted.
Students are advised to make their work clear and well-presented, marks may be reduced for poor presentation. This includes filling in your information on the cover page.
Students must mention the question number clearly in their answers.
Late submissions will NOT be accepted.
Avoid plagiarism, the work should be in your own words, copying from students or other resources without proper referencing will result in ZERO marks. No exceptions. All answers must be typed using Times New Roman (size 12, double-spaced) font. No pictures containing text will be accepted and will be considered plagiarism).
Submissions without this cover page will NOT be accepted.

Start with writing the data of Japan for the last 20 years for all the variables in schedules .
Second do a descriptive analysis mentioning the mean, median, and standard deviation of all variables.
Then do correlation coefficients and draw a scatter chart of all the data like between GDP and the rest of factors then between inflation rate and the restof factors and so on.
Finally, Interpret the findings and draw conclusions about the state of the economy based on the analysis.

Lester Scholl’s administrative assistant calls you on Monday afternoon to set up a conference call between you and the chairman tomorrow morning to discuss the board’s reaction to your list and to discuss your next task. You call the number she gave you, and Lester joins the call shortly after.
“I’m pleased with your work,” he says. The board was impressed with your list of factors. Your ranking made sense because your explanations were well-written. I suspect they read everything you sent because it was concise and clear. Good job.”
“Thanks,” you say, and you feel relieved that your first assignment was well-received. “Your list provided the basis for a good conversation about the manufacturing operations,” he says. “We want to know more about the economy of both countries to further inform our decision-making process.” “That makes sense,” you say. “The United States and South Korea hold many distinct economic factors that may affect AutoEdge’s long-term financial performance.” “Right,” he says. “Your research on the two economies will give the board enough information so we can advise the new, incoming CEO.” “What should my research include?” you ask.
“In your research, you must take into consideration several macroeconomic factors,” he says. “We want to see information about the gross domestic product (GDP), unemployment, interest rates, and inflation for both the United States and South Korea. Make sure your research is current; that is, no more than 6 months old.” “I’ll get started right away,” you say.
“Very good,” he says. “Let me know if you have any questions, and I’ll put you in touch with some of the other members of the board if I can’t provide the answers you need.”
“Great,” you say. “Thank you.”

Context: Consider a major U.S. industry comprising only two companies. Suppose that the two companies are considering merging to form a monopoly. The government typically scrutinizes such mergers because it believes these transactions can have adverse consequences for consumers (such as higher prices and lower quality).
Essay topic: Based on what you’ve learned in this course (you may use insights from perfect competition, monopoly, and/or game theory), explain why the merger between the two companies may lead to worse outcomes for consumers in this industry.