BUSM 2565/2566 - Understanding Business Environment Assignment 3 Brief Macroeconomics

BUSM 2565/2566 Assignment descriptions:

Objective:

You are expected to conduct a macroeconomic case study to examine the impacts of some events/interventions on macroeconomic conditions (i.e., GDP growth, inflation, employment, exports/imports).

Use the table below to determine your case study. Working on the wrong case results in zero (0) marks. If you experience difficulties with determining your case study, please consult your face-to-face lecturer.

The data necessary for your case study is available from multiple sources, including World Bank data, IMF data, country reports, government websites, academic journal articles and discussion papers... Refine your data and analyses within the 2010-2023 period.

BUSM 2565/2566 Assignment Questions:

Question 1 (CLO1). Data analysis of macroeconomic conditions (20 marks)

1.1. Collect and represent data on nominal and real GDP per capita using local currency units (LCU) (10 marks).
1.2. What can be the reason(s) for the observed divergence between the two measurements of GDP per capita identified in Question 1.1? Back up your argument with data evidence. (10 marks)

Question 2 (CLO2). Inflation analyses (40 marks)

2.1. Present a single figure displaying inflation, GDP growth rate, and unemployment rate for the country from 2010 to 2023. Briefly discuss major events that may have caused fluctuations in GDP growth rate and unemployment (20 marks - #AoL4 Digitally Adept: Evaluates judgment and discernment in complex scenarios).
Notes: major events include, but are not limited to, economic crises, policy changes, disasters and pandemic, or recovery periods.
2.2. From the data figure in Question 2.1, identify the year with high inflation. Use the AD-AS model to analyze ONE key reason for high inflation in the country of your case. Back up your discussions with relevant data evidence (20 marks).

Question 3 (CLO3). Evaluation of government interventions (20 marks)

3.1.Identify and discuss in theory ONE key intervention taken by the country's government to control inflation (10 marks)
Notes: Do not use the AD-AS model in this question. Data evidence on the impacts is not required.
3.2. Building on the intervention you identified in Question 3.1, discuss how that intervention would affect ANOTHER (01) relevant macroeconomic indicator (such as interest rates, GDP growth, investments, consumption). Use ONE appropriate model covered in Weeks 9-11 (i.e., AD-AS, Money Market) to structure your analysis (10 marks - #AoL3a Adaptive: Analyses and Challenges Assumptions).

Question 4. Industry Talk reflection (10 marks - 300 words maximum)

List two concrete facts or trends Dr Sacha Dray highlighted about Vietnam's global value-chain participation (e.g., export growth, product shifts, upgrading paths). For each fact/trend, explain how it illustrates a single course concept (e.g., comparative advantage, GVC upgrading, trade diversification, FDI spillovers).
Notes: Use the session recording and/or presentation slides (posted on the Assignment page) as the basis for your reflection.

Further requirements (CLO4). Written communication (10 marks)

Overall structure, English language communication, Referencing, Format. Please refer to the Rubrics, and further instructions at the end of this document for more details.

BUSM 2565/2566 Further instructions on Assignment 03:

1. Submission Guidelines

Submit your assignment in ONE Word document (The Team Contribution Form should be in the Cover Page).
Do NOT use textboxes and images to avoid the word count limit.
Refer to the Canvas Page for more details on submission instructions and/or extension requests. Extension to the due date should be sent to the Course Coordinator and the F2F lecturer at least 24 hours before the official due date.

2. Formatting and Writing Style

This Assignment Report is not an Essay. Please respond directly to the questions. Please get familiar with academic writing. Consult your F2F lecturer and Student Academic Success (SAS) at chi.luong6@rmit.edu.vn for additional support on this.

3. Citation and Referencing

Cite sources of data at the end of your figures/charts.
Provide in-text citations to support your arguments and evidence appropriately.

• List references at the end of your document. Use high-quality sources such as academic journals, government reports, and well-known media sources.
• For Vietnamese sources, translate the title of the paper in your references. Example:
  Hoa, N. (2023). Linkages between FDI and domestic firms: Why still limited?/Liên kết khu vực
  FDI với doanh nghiệp trong nước: Vì sao vẫn “lỏng lẻo”? Cong Thuong Media. Retrieved from [link]

4. Academic Integrity and Plagiarism

• Plagiarism is prohibited. Your work will be checked using Turnitin.
• If you quote others' work, paraphrase the ideas to reflect your own understanding.

5. Use of Al Writing Tools

• You are encouraged to use ChatGPT and other Al tools to support your work - whether for generating initial ideas, refining language, or organizing structure.