This TMA is an essay based on consumption and growth theory. It is marked out of 100 and is worth 20% of the overall assessment component. This TMA requires you to apply course concepts to your own experience and to discuss the economic implications of such an application. Please read the following example first, and then follow the instructions on the following page
This TMA requires you to write a structured essay of no more than 1500 words, in which you attempt to answer the following question
Discuss the impact of the COVID-19 pandemic on private consumption in Kuwait. Support your discussion with real data.
This TMA is related to chapters 1 and 2 of the textbook which are taught in weeks 1 – 3. To answer the questions in full you should make sure that you have read these chapters. After reading these chapters you should have developed a well-rounded view of consumptions and markets.
Your essay should be well organized, with a clear-cut layout of an introduction (20 points), a body (50 points), and a conclusion (30 points). You will need to use published data and information in order to answer the above question (e-library). You may translate your data into diagrams and match the theory with the application you are discussing. The body part of your essay has the weightiest part of the TMA and carries the highest proportion of marks (50 points). You should spend no more than 600 to 700 words on this part of the TMA. Your conclusion should include a summary of what you have discussed in your essay showing how the policymakers may benefit from your analysis.
This TMA is worth 20% of the total mark. The material should prove useful to you in answering the above questions, which should be around 1500 words in length. Your TMA should be attached with the PT3 listed below.
Your essay should be within the specified range of words, and you must follow the Harvard Style of Referencing. You are expected to present a well-structured and organized piece of work that is of your own. Plagiarism will be penalized by the deduction of marks.