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Details -
Name: Jacky Chung
DP Subject: Economics
Title: Investigate the relationship between inflation rates and unemployment rates in Hong
Kong.
Key Questions:
You need to design three questions around your area of study. One is a factual question, it is
a question you could ask to find out more information about your chosen title. The second is
a conceptual question. This should consider a concept or theory based around your title. The
third question should be a question that doesnt necessarily have a right or wrong answer, or
invites discussion between different perspectives or viewpoints.
Factual Question:
What events occurred which heavily affected the rate of inflation and unemployment in Hong
Kong.
Conceptual Question:
What are the relationship between inflation rates and unemployment rates in Hong Kong?
Debateable Question:
Should government intervene when unemployment or inflation rates are out of control?
My area of focus is worthy of investigation because both unemployment and inflation can
heavily affect the daily lives of ordinary people, as working and buying are the one of the
most inevitable events that everyone has to do basically every day. Therefore, investigating
and understanding into the causes and impacts of these two phenomenon would not only
allow me to learn more about how the increase in unemployment or inflation rate might affect
us but will also help me to establish and strengthen my knowledge in economics.
In addition, investigating into this area will also enable me to predict how the rate of inflation
and unemployment might be affected after certain important events have occurred, hence
improving my economic knowledge particularly on inflation and unemployment.
Investigating and interpreting the data and graphs of unemployment rate and inflation rate
explored in order to find out the relationship between the two is also worthy of investigation.
As researching into this area would help me to understand graphs and analyse them better,
it would also give me better knowledge on how one phenomenon might have an effect on
another.
How is your title helping you to investigate this focus area? (Maximum 300 words)
In addition, my title also helps me to understand the concept behind the focus area better, as
my conceptual question was What are the relationship between inflation rates and
unemployment rates in Hong Kong?, conducting research into this question will allow me
understand the basics concepts about the relationship of unemployment rates and inflation
rates in Hong Kong, hence it will make it easier for me to research into more specific and
focused areas as Ive gained some knowledge already about the conceptual background of
the topic.
My title would also help me to investigate the focus area in a more interesting approach
without getting off topic, as my debatable question is about government intervention, which
can be interesting for both the readers and I. Investigating into this brand new aspect will
also allow me to obtain some new knowledge which I would not have gain from conducting
other research.
Lastly, with my title being specific, it will allow me to investigate in a more efficient and
effective way without investigating into random areas unnecessarily, which would help me
research in a short time.
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April 10th Brainstorming ideas and finalise title: Ive came up with a brief idea about the title;
- Title related to Economics however, I did not finalise the title until the
next day.
April 13th Develop questions helpful to the investigation: The factual and conceptual investigation were
-Factual developed appropriately and finished on time;
-Conceptual however, the debatable question took a bit
-Debtabale longer (1 day) to do.
April 19th Begin research on factual and conceptual Progressed as planned without any changes.
investigation question:
- Read online websites
- Drop down links of useful websites
- Note down key findings
May 1st Finishing off research on factual and Finished research on factual question
conceptual investigation question: beforehand as I had time.
- Read online websites
- Note down key findings
- Read notes dropped and organise them
May 7th CAS Week Progressed as planned and had some fun.
May 16th IDU Week Progressed as planned and had some fun.
May 23rd Finish research on debatable question Took an extra day on researching debatable
- Read online websites question as I kind of forgot about this project
- Note down key findings after CAS and IDU week.
- Read notes dropped and organise them
May 27th Finishing the article: Progressed as planned without any changes.
- Completed introduction
- Completed main body
- Completed conclusion
- Completed bibliography
May 29th Double check the article Finished double-checking the article before
hand.
Finish working on Section 3
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Section 3: Evaluation
I was quite happy and pleased with the overall quality of my final product, as the article have
both directly and indirectly answered all the designed investigation questions. Moreover, the
article also included information which is highly relevant to the title, the information was also
presented in a visually appealing way which Im really satisfied with. To improve the quality
of my product, I would conduct a more wide-ranged research, including more primary
research such as survey and interviews, which would reflect a more realistic result.
In terms of my data collection methodology, I believe Ive did well in this area as well, as Ive
noted down information from various reliable websites during the research process, and in
order for me to use those information, I would make sure those information have appeared
elsewhere so the reliability would be improved. However, I also believe I should be collecting
more data from primary sources, in order to improve in this aspect.
The limitation of my study is that Ive included more positive points about government
intervention comparing to negative ones, therefore, my argument is unbalanced and limited.
In term of time management, I believe that is the best part I did throughout the entire project,
as Ive only completed 3 task late as seen in the action plan, and those tasks are only done
1 day late, which is really impressive in my opinion; moreover, Ive also utilised my free time
well and completed task beforehand as seen in the action plan which is also a demonstration
of my excellent time management skills.
If I had the chance to do this project over again, I would make sure that my article is more
informative, as I believe I couldve fit more information in the article as it is 250 words away
from the word limit.
Criteria Biv evaluate the process and results of the investigation.
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Ciistructure information andThe student structures structures structures structures information and ideas
ideas in a way that is does not information and information and information in a way that is completely
appropriate to the reach a ideas according to ideas in a way and ideas in appropriate to the specified
specified format standard that is somewhata way that is format
the specified format
described by in a limited way appropriate to themostly
any of the specified format appropriate
descriptors to the
below. specified
format
Divinterpret different The student identifies differentinterprets interprets thoroughly interprets a range
perspectives and their does not perspectives and different different of different perspectives and
implications. reach a minimal perspectives andperspectivestheir implications.
standard implications. some of their and their
described by implications. implications.
any of the
descriptors
below.