AS 91226 · 4 credits · Internal
Economic data analysis
Analyse statistical data relating to two contemporary economic issues
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You need to find two current economic issues (like inflation, unemployment, or international trade) and analyse the statistical data around them. This means processing the data to show trends, explaining what the data means using economic concepts, and explaining how the two issues connect to each other.
What to do, grades and common mistakes
- ·Process and present statistical data for two contemporary economic issues, showing clear trends in the numbers
- ·Explain what the relationships in the data mean for each issue separately, using economic concepts or models
- ·Explain how the statistical data from your two issues connect and influence each other using economic theory
- ·Use appropriate economic language and concepts (like supply and demand, inflation, unemployment, trade) to back up what the data shows
You analyse the statistical data by showing trends, explaining relationships within each issue separately, and explaining the connection between your two issues using economic concepts.
You provide detailed explanations of what the relationships in the data mean for each issue, and you explain in detail how your two issues interconnect using economic concepts or models.