Course code and name: ECON1192 – Macroeconomics 1

Assessment name: Assignment 1

Length: 1,500 words, excluding tables, graphs and references

Type: Individual, submitted through Turnitin at end of week 3

Feedback mode: written, to be provided on Turnitin at end of week 4

Late work: Only those assignments that are submitted before the deadline (11:59 pm,
Sunday of Week 3) will be accepted and graded

Learning Objectives Assessed

1. Understand the major institutions within the national economy, how the macroeconomy is
measured, how different sectors interact and evolve over time, and how these changes
influence social welfare and the business environment.
2. Critically evaluate contemporary and historical macroeconomic policy developments and
debates between major schools of thought.
3. Use rigorous modelling frameworks to understand macroeconomic issues and support
decision making.
4. Identify and analyse current macroeconomic problems and formulate and communicate
associated policy responses.
(the CLO not covered are crossed out)

Ready for Life and Work

This task prepares students for a very common task in many workplaces, which is to
independently search for and evaluate information using a variety of databases and
publications.

Assessment Details
Economic and political reforms under Đổi Mới, launched in 1986, have spurred rapid
economic growth and development and transformed Vietnam from one of the world’s poorest
nations to a lower middle-income country. Some other ASEAN member states have also had
favourable development trajectories, while others have been less dynamic. Your task is to
search for and present some relevant indicators for Vietnam and one other ASEAN country
of your choice (Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines,
Singapore or Thailand).

1. Search relevant and reliable websites to find and present the following
information:
i. [10 points] Compare
a. per capita GDP (US$ and PPP$),
b. GDP growth rates and
c. per capita GDP growth rates from 1985 to 2015 in Vietnam and one other
ASEAN country. Illustrate your findings with tables and/or graphs. How do these
figures compare with the world and/or OECD averages?
 ii. [5 points] Discuss the 30-year growth experience of Vietnam and the other country,
paying particular attention to problems associated with inflation (as measured by the
CPI or GDP deflator), and real rates of savings and investment.
iii. [5 points] To what extent has economic growth affected other development indicators
such as those included in the Human Development Index? (Note: compare Vietnam
with one other ASEAN country.)
iv. [5 points] Discuss in a hypothetical way whether you think Vietnam or the other
ASEAN country has been affected by macroeconomic problems (between 1985 and
2015) such as high and/or unpredictable inflation, involuntary unemployment and/or
insufficient aggregate demand.

Format: written paper.

Referencing : Harvard style

Support Resources

Support resources are provided on Canvas and on the RMIT Library website.

Submission Instructions

1. Save your completed paper with XXXXXXX(your full name) as your filename.
2. Upload the paper to TurnItIn using the link on this page.

Rubric – Assessment 1

Fail Pass Credit Distinction High Distinction Tot

25
p
CLO 1 Irrelevant Relevant sources Relevant and Relevant and Highly relevant and 15
and/or poor and measures. reliable sources. reliable sources. reliable academic p
sources, no Limited Adequate Persuasive sources.
understanding identification of key identification of key identification and Persuasive identification
of the role of concepts. Limited concepts summary of key and summary of key
institutions or analysis of key Adequate analysis concepts concepts
how indicators of key indicators Well-structured Rigorous analysis of key
macroeconomi Numerous minor A few minor errors analysis of key indicators
c variables are errors. indicators No errors
measured At most one or two
minor errors
CLO 4 No or minimal Some Adequate Clear Clear understanding/ 10
understanding understanding/ understanding/ understanding/ recognition of p
of recognition of recognition of recognition of macroeconomic policy
macroeconomi macoeconomic macroeconomic macroeconomic No errors
c policy policy policy policy