ECO2104 Group Assignment (30%)(1).pdf - INTI College...

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INTI College Sabah (ICS) DIPLOMA IN ACCOUNTING (DIA) PRINCIPLES OF MACROECONOMICS (ECO2104/ECO2105) GROUP ASSIGNMENT (30%) This group assignment will fulfil the following learning outcomes: Learning Outcome 1: Describe equilibrium level of national income, types and effects of inflation and unemployment. Learning Outcome 2: Describe the aims, methods and effect of macroeconomic policies to overcome the overall macroeconomic problems. This assignment requires the students to do a case studyrelated to the learning outcome of the subject, in particular, the public policy mechanics and the international economy related issues. This assignment aims to develop and/or strengthen students analytical and communication skills set by applying their knowledge of economic theories to real world issues and through working with group to complete the task.
Written Assignment: Case Study (30%) Malaysian Economy Continues to Remain Resilient The economy is expected to soften in the second half as softer global demand for tech and heightened trade tensions weigh on the external sector. The U.S.-China trade spat and a faster-than-expected deceleration in China remain key downside risks. Real GDP is expected to expand to 4.8% in 2019 after recording a growth rate of 4.9% during the first half of the year. In 2019, GDP is forecasted to grow to 4.9% despite the tilted downside emanating from heightening uncertainties in the global environment. The government's revenue is expected to rise to RM239.9 billion in 2018, from an estimated RM220.4 billion in 2017. The 2018 total expenditure is anticipated to increase to RM280.3 billion from the estimated RM262.6 billion in 2017. In 2019, total of RM314.6 billion is budgeted for the federal government's expenditure in 2019. Of this, a total of RM259.9 billion or 82.6% will be allocated for operating expenditure while the balance RM54.7 billion will be spent for development expenditure.

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