Write an essay in response to the topic provided below. You must apply the relevant microeconomic...

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Write an essay in response to the topic provided below. You must apply the relevant microeconomic theories to explain and analyse the topic and defend your position by reference to theories and concepts studied in the course and credible evidence. You must also provide relevant reference to support the analysis conducted in the essay Essay Topic 1. Compare and contrast TWO of the following measures of the macroeconomy of a country using: • GDP at constant prices or real GDP. • GDP per capita. • Economic Growth. • Economic Welfare. 2. Describe and explain what is included and excluded from measures of the size and nature of the macroeconomy. 3. Discuss the costs and the benefits of ONE of the 'ollowing on GDP and economic growth of ONE chosen economy and the world economy overall: • War • Climate change • Technological change • Population growth • Increased participation of women in the economy Other Details 11.55pm Friday, Week 8 2,000 to 2,500 words Use 12 pt font Due date Word limit Double-space your document to allow room for feedback State your name and student number in the document header Other requirements State the word count in the document header Write an essay in response to the topic provided below. You must apply the relevant microeconomic theories to explain and analyse the topic and defend your position by reference to theories and concepts studied in the course and credible evidence. You must also provide relevant reference to support the analysis conducted in the essay Essay Topic 1. Compare and contrast TWO of the following measures of the macroeconomy of a country using: • GDP at constant prices or real GDP. • GDP per capita. • Economic Growth. • Economic Welfare. 2. Describe and explain what is included and excluded from measures of the size and nature of the macroeconomy. 3. Discuss the costs and the benefits of ONE of the 'ollowing on GDP and economic growth of ONE chosen economy and the world economy overall: • War • Climate change • Technological change • Population growth • Increased participation of women in the economy Other Details 11.55pm Friday, Week 8 2,000 to 2,500 words Use 12 pt font Due date Word limit Double-space your document to allow room for feedback State your name and student number in the document header Other requirements State the word count in the document header

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MICRO ECONOMICS It is a branch of mainstream economics that studies the behavior of individuals and firms in making decisions regarding the allocation of scarce resources and interactions among these ... View the full answer