Econ

Economic Case Study Review

2 Articles:

** United Kingdom Economy Struggles to Recover **

** Vehicle Quota Premiums & COE (Certificate of Entitlement) in Singapore **

Executive Summary

In the first article of this assignment, the first primarily focus would be on U.K economics based on their current statistics that reflects during the early 2013. It briefly explains about the Bank of England’s operation that magnifying the interest rates applied to the consumers in regarding of how much they spent and save at the same time and in order to avoid adding in money into the economy to boost its nation economic status and accentuating on the inflationary process between the exchange rates that contradicts the inflation adjustment process in its monetary value changes.

The second scope would be focusing on the households’ income in the U.K that results in the growth of GDP, determining the total demand and increasingly in household consumption attributes. Diagrams will illustrates on the Aggregate Expenditure in an individual households of Demand Pull Inflation, for firm investments and cost of production with an illustrate diagram of Short Run Aggregate Supply (SRAS) that affects the firms output reduction of Cost Pull Demand.

Thirdly and lastly, another diagram in the Aggregate Demand to illustrate the fact that Government’s expenditure is decreasing ever since 2012 due to the huge impact of the Olympic Games and affecting the national GDP and price level. The export and imports are mainly the pillars of the U.K GDP where the numbers of exports are increasingly significantly with the low exchange rates. The last segment will be focusing on the unemployment rates in the U.K are on the rise and how the three factors affect the unemployment status.

The second article of this assignment will be based on local context, Singapore’s COE premiums and the financial capabilities of an individual household to own a car. In this segment, it would be emphasizing on the...