Macroeconomic Indicators of Arizona State Case Study

Attached is the outline that should be used to complete final case study. Second attachment is instructions for assignment!

Case Study Outline

Section 1: Introduction

I will analyse macroeconomic indicators of the state of Arizona. The main challenges affecting Arizona State include unemployment, closure of industries, shortcomings in basic infrastructure, low quality of education, and effects of 2008 recession.

However, despite its economic challenges, Arizona has strong public-private partnerships which strengthen economic development, booming agriculture, establishment of big-ticket projects, and tourism.

Studying macroeconomic indicators in Arizona is important to understand the functioning and performance of her economy.

Section 2: Macroeconomic Indicators

The five macro-economic indicators that I am going to use for ———— state will include the following;

• Gross domestic product
• Unemployment rate
• Inflation
• Demand and disposable income
• Agriculture and education sector

Section 3: Data Collection and Analysis

Data: The time range will be from 2012 to 1018 and the data I will collect include;

• GDP of the State
• Data on education such as elementary, high school and college admission, rate of school drop outs and graduates
• Disposable income in the state
• Amount of arable land

I will source for economic data to address data collection and analysis from the following sites;

• Arizona Economic and Business Research Centre
• American Community Survey
• Economic Census
• Statistics from the Census Department
• Global financial database
• Global Insight
• National Longitudinal Surveys and
• Statista.

Analysis

I will conduct data analysis through economic analysis tools such as;

• Economic variables to determine the nature of the economy;
• Slope to determine changes in one variable when another variable changes;
• Optimisation techniques to examine how different economic variables lead to increase or decrease of another; and
• Linear programming to evaluate how different variables can be maximised and/or minimised to improve economic conditions.

References

American Community Survey. Population and Economic Survey (2012-2017)

Economic and Business Research Centre. Arizona Economic Indicators: Track major economic indicators for Arizona, its metro areas, and counties. https://www.azeconomy.org/data/

Kenworthy, L. (1995) In Search of National Economic Success: Balancing Competition and

Cooperation, Thousand Oaks, CA, Sage

Gober, Patricia. (2016). Metropolitan Phoenix: Place making and community building in the desert. Philadelphia: University of Pennsylvania Press

Kenworthy, L. (2015). In Search of National Economic Success: Balancing Competition and Cooperation. Thousand Oaks: CA Sage

Wells Fargo (2019). Arizona Economic Outlook: 2019. https://www08.wellsfargomedia.com/assets/pdf/commercial/insights/economics/regional-reports/az-economic-outlook-20190410.pdf

Week 8 Final Case Study: Regional Macroeconomic Analysis

Assignment Description

Evaluate at least five macroeconomic indicators for the region where your state is located.

Examples of macroeconomic indicators are GDP, employment indicators (labor market, unemployment, wages), consumer price index, producer price index, retail sales, trade, interest rates, manufacturing sector, agriculture sector, investment, government fiscal policy, government monetary policy, housing, healthcare system, poverty, urbanization, and education system.

Below are the sections that your paper should include.

Writing Style and Page Number Requirements

Font Type: Times New Roman or Arial

Font Size: 12

Spacing: Double

Number of Pages: 10 to 15 pages, including a separate Title page and a separate References page

• Introduction and Region Evaluation Provide an introduction and evaluation of your project including the following.
• Include an overview of your region where you will include information such as the region’s population size, GDP size and GDP growth pattern, its unemployment rates, its major industry(ies), its main tradable industry or commodity, and its government budget size.
• State the five indicators that you are going to address and provide status reports of the condition of the indicators you are going to analyse.
• State the major challenges facing your region, and state the major strengths that make your region unique.
• Data and Analysis
• Data: Obtain data from at least five credible sources to provide facts and statistics about your region’s indicators. The facts should be current and properly cited. Use tables, graphs, and figures to support your argument. Make sure to provide citations for your graphs and tables beneath each graph or table.
• Analysis: Taking into account your data, provide a full analysis of your region. You will need to talk about each of the five macroeconomic indicators that you selected and state whether these indicators are facing challenges

or opportunities and state why. In addition, include in your analysis both the strengths and challenges of your region regarding business, industry, and markets. Basically, what business or industry might thrive or lose in your region, and why?

• Solution Finally, what do you suggest in terms of economic policy to assist your region and why? What outcomes are you anticipating from your solution? Make sure you justify and defend your position based on economic facts, laws, theories, and principles.
• Reference List Use at least five professional sources to support your argument. The references must be in APA format. APA Resource

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