This assignment is marked out of 15, and is worth 15% of your final mark. Please see the Critical Path for the due date. Late assignments lose 10% a day and are not accepted after 7 days.

Learning Objectives

The assignment demonstrates your ability to find reliable economic data and compare the economic performance of two different countries. You may NOT use the United States as your second country. Any other country is fine as long as you can find current data to use.

Note: This is an individual assignment that you work on independently. Any work that you did not do yourself, will be treated as Academic Misconduct under Humber's Academic Policy, as it is plagiarism. You will immediately receive 0 on the assignment and an Academic Misconduct Report will be filed. Using data sourced from the internet and not citing it is also plagiarism.

Submission Instructions

Answer the questions below, with all questions clearly labelled in order. You need to follow all instructions in the assignment regarding dates and retrieval of information.

Submit only one Word document.

Do not include the questions, only your answers.

Include a cover page with your name, student number, course name and assignment name.

When providing references, you must cite all references using the APA format. You can find the information for creating citations and references under Getting Started, Copyright for Students, then the Humber Libraries Website link in the course.

PDF and Excel documents are not acceptable and will not be marked.

Submit the assignment using the assignment submission function only. The assignment is automatically submitted to SafeAssign, which checks for plagiarism and copying.

Note: You must name your file using your first name, last name, and the number of the assignment. For example, tom.jones1.doc for Tom Jones assignment 1

Emailed assignments will not be marked.

The assignment is due on the date specified on the Critical Path.

Marks will be deducted if you do not follow all instructions.

Question 1

Compare the Canadian economy to that of another countrys economy. The statistics listed below are merely a sample of what you can use. For data, include at least ten different statistics. You must use the same statistics for both countries. Present your data in a Word document, in table format. You must include at least one interest rate (but 3 different interest rates count as one statistic). Make sure you state which interest rate prime rate, bank rate, short term money rate you are using.

Canadian data must be retrieved from the two Canadian sites listed below on Tuesday October 4. I want us all to use the same data for Canada. The data from the other country should be equally as current (within 6 months). If you can't find the sufficient current comparable data, choose another country.

Some hints:

There is a difference between release date (when the statistic was published) and what period it covers. For example, if the statistic is released in July 2022, it may cover the change from July 2021 to June 2022. That statistic is acceptable.

Dont forget to state the time period of the statistic (e.g. 4^nd Quarter 2021, or change from January 2021 to January 2022).

Make sure you are clear on whether you are talking about the rate (which would be a percentage), the change in the rate or statistic, or the actual number. (5 marks)

Suggested Statistics you may choose others as long as they are appropriate macroeconomic indicators.

Population

Proportion of people aged 65 and older

Immigration (both leaving and coming to the country)

Gross Domestic Product (no more than 1)

Real GDP (in dollar terms)

Real GDP growth (in %) over the last year or the last quarter

Sales 1 statistic only (Retail, Manufacturing, Wholesale)

Unemployment rate

Labour force

Participation rate

Inflation rate

Industrial Product Price Index

Average weekly earnings

Current account balance

Goods trade balance

Median after-tax income

Exchange rate between the two countries or both compared to the US dollar

Interest rates: prime rate, target rate, bank rate, short term money rate (specify which and no more than 1)

Question 2

Summarize and interpret the data, comparing the two countries. This must be in paragraph format. Comment on which country is superior based on each statistic and explain why. Explain what each statistic tells you about the economy. Do you want to see it increasing or decreasing? For example, if GDP growth is going down is that good or bad? Why? Each statistic should be discussed in a separate paragraph, with a minimum of 4 to 5 sentences per paragraph. (5 marks)

Question 3

Which country do you think will show the stronger growth in the next few years? Why? Defend your decision using the data you collected. In your research, what else did you come across that supports your decision, in addition to the statistics you quoted? Which economy is recovering faster from the pandemic? This question should be 4 or 5 paragraphs in length. (5 marks)

Sources

To find economic data, use the sources below. You can choose your own sources for the country you have selected. Look for reliable sources similar to what StatsCan offers and make sure the data is for the same period as the Canadian statistics.

For Canada you must use these two sources only:

Statistics Canada

Bank of Canada

For Other Countries:

The countrys government website is the preferred and most accurate and up-to-date site.

If you use one of these other sites for your comparison country, the date must be current - less than 6 months old. Data older than April 2022 will not be accepted. Keep in mind that some of these sources report data that is two or three years old.

The Economist

The World Bank

The World Factbook (CIA)

The United Nations Statistics Division (UNSDN)

The International Monetary Fund

The Index Mundi

Note: Investopedia and Wikipedia are not acceptable sources. Please find a direct source for your data.

Please remember to properly cite your references, using the APA format