Macro economics (Coursework Sample)

College of Business Administration Academic Year 2025 -2026 Semester ☐ Fall ☐ Spring ☐ Summer Course ECO200/ Macroeconomics Faculty Dr. Mariam Aloulou ☐ Final ☐ Midterm ☐ Group Project ☐ Assignment 1 Due Date February 8th, 2026 Covered CLOs CLO Description Question Blooms Taxonomy Level Items count Marks Score 1 Define the main components of the macroeconomic system and their sources of economic growth. 1 Define 3 15 Maximum mark 15. Instrument weight = 15% of course mark Total Student’s ID Signature Student’s Name Q1. Use the following figure to answer the questions. (CLO1) ( 12 Marks) -260352355850048895742950011049015176500 INCLUDEPICTURE "https://d.docs.live.net/a3c4ea29f6921ea7/Bureau/bus301 spring/Figures/sveCH21sm1.tif" \* MERGEFORMATINET INCLUDEPICTURE "C:\\Users\\bus301 spring\\Figures\\sveCH21sm1.tif" \* MERGEFORMATINET -330203238500 In 2023, flow A was $46.0 trillion, flow B was $16.4 trillion, flow C was $3.5 trillion, and flow was $4.6 trillion. (A)Define briefly the main components of the macroeconomic system and their sources of economic growth. (10 marks) Households: This refers to a group of individuals, who are identified as the main consumers of goods or services produced. They are believed to be the custodians of all the factors of production. They receive payments in forms of wages, salaries, rent and profits earned. For there to be an economical growth of households; there has to be a relative improvement in skills supplied as well as an increase in labour provided. Firms: This refers to areas where factors of production are compelled to produce goods and services. They mainly make payments to households for factors supplied as well as make sales to good or services. Growth in firms could be attributed by improvement in technology applied. Government: This is the institution that set rules, and also creates a legal framework to be followed. In an economy it is mandated in tax collection as well as implementing fiscal policies. Improvements of infrastructures plays a major role in growth of economy. Factor markets: This refers to a market place where there is exchange of the factors of production, there is existence of both buyers and sellers. They assist in connecting the two. Growth of factor markets is orchestrated by proper resources allocation. Rest of world: This refers to others nations that are not within the geographical territory but take part in international trade. It involves exportation and importation of both goods and services. Growth is associated with increase in exports and a visible access to global markets. Goods Market: This refers to where firms in an economy release their output. Demand is the main influencer for growth. (B)Calculate Net exports. (2 marks) Net exports= Exports-Imports Flow E = Exports ($4.6 trillion) Flow C= Imports ($3.5 trillion) Net Exports = ($4.6...