Federal Government of Macedonia for Developing a Country Economic Profile - Economic Assignment Help

Assignment Task

ADM 1000 Analytics for Decision Making

• Trimester 2 2021
• Project Part 1
• Proposal to the Federal Government of Macedonia for Developing a Country Economic and Environmental Profile
• Student Name: Xin Yu Chaw
• Student ID: 90021702
• Date: 12 July 2021
• 1. Covering letterThe Minister for Economic Development
• Skopje MK 1000
• 12 July 2021
• Dear Sir or Madam,
• Please find enclosed my proposal to develop a Country Profile of Macedonia to assist your policy makers in preparing strategic plans for Macedonia.
• The proposal will include information about the
• Population
• Macroeconomic indicators including interest rates, inflation rates, and gross domestic product
• Environmental indicators including C02 emissions and air quality.
• COVID-19 impact on Australia
• Manufactures tobacco and its” economic benefits
• The profile will take 15 business days to prepare and will cost $7500.
• I have a strong background in economic research and statistical methodologies, and I am confident in my ability to deliver a good report.

2. Proposal

• 2.1 Introduction
• The papers give a broad picture of the country rather than a detailed analysis. They're made with the present workload in mind for Macedonian decision-makers, rather than individual protection visa applicants. Reports do not provide policy recommendations for decision-makers.
• Relevant and trustworthy open source reports, as well as information gathered on the ground, are included in the reports.
• 2.2 Proposal details2.2.1 Population DataDetails on the population of Macedonia as of 2021, including age distributions and gender distributions, as well as data from the last 10 years increasing. In addition, the population of male and female with 50.01% and 49.99% respectively. But the expectation of future slowly decrease. Population Stat World Statistical data will supply data. Planners will be able to prepare for future infrastructure and service requirements with the use of this research.
• 2.2.2 Macroeconomic indicators2.2.2.1 Interest RatesDetails on interest rates in Macedonia as of 2021, as well as the previous ten years. The National Bank of the Republic of North Macedonia will supply the data. This will allow planners to see how interest rates affect GDP growth.
• 2.2.2.2 InflationDetail about inflation rate of Macedonian as at 2021, as well as the last 10 years. The National Bank of the Republic of North Macedonia will generate idea Information. Planners will be able to see how inflation affects GDP growth as a result of this.
• 2.2.2.3 Gross Domestic Product (GDP)
• Details on the Macedonian Gross Domestic Product (GDP) as of 2021, as well as the previous ten years. Treading Economic will offer the data. This will allow planners to see how government policies affect GDP growth.
• 2.2.3 Environmental indicators2.2.3.1 CO2 EmissionsMacedonian CO2 emissions for the last 10 years will be provided. The data of CO2 emissions in Macedonia had shown slowly reducing in the previous years. The data will be provided by the World Bank. Planner will be able to clearly understand the impact of environmental policies.
• 2.2.3.2 Air QualityData on the quality of the air in Macedonia will be provided for the last 3 years. The date will be provided by the Pollution Alert. This will allow planner to clearly understand the impact of environment policies.
• 2.2.4 COVID-19 Impact on MacedoniaThere will be information on the number of COVID-19 cases and the economic effect of the pandemic in Macedonia. Organisation for Economic Co-operation and Development and Our World in Data will be provided the data. However, comparable data for certain nations is unlikely to be accessible.
• 2.2.5 Unique to Macedonia2.2.5 manufactures tobacco
• Data on the growth of Macedonia export tobacco and manufactures tobacco substitutes over the 25 years will be provided. Date will be provided by Trading Economic. This industry provides the export income for Macedonia. 2.3 Important of this reportThis study will help planners comprehend the economy in 2021 and compare it to how it has evolved over the last 20 years. Planners will be able to forecast economic activity for the following few years at that point.
• 3. Methodology3.1 Data sourcesData will be provide as indicated above from the Population Stat World Statistical, The National Bank of the Republic of North Macedonia, Treading Economic, World Bank, Pollution Alert, Economic Co-operation and Development and Our World in Data. The last 20 years have been chosen as the time frame since economic changes were implemented during this time period, and the data reflects their influence.
• 3.2 How data will be presentedTime series and bar charts, as well as an overall Dashboard, will be used to show the data. Other data displays may be incorporated depending on the analysis performed during the profile development.
• Population growth, interest rates over time, inflation over time, GDP over time, CO2 emissions over time, and air quality over time are all examples of time series that are ideal for displaying statistics. Because the pandemic has only existed since 2019, and there is insufficient data for a significant time series plot, bar charts are acceptable for displaying Australian COVID-19 data.
• 3.3 Data definitionsPopulation - is the number of people in country at a given time
• Air quality - refers to the state of the air in our immediate environment.
• CO2 emissions - the quantity of CO2 emitted into the atmosphere.
• COVID-19 – named of the 2019 Corona Virus.

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