Describe and compare the economies of the UAE and Germany

A. Content:
1. Briefly describe the two economies in broad terms – this serves as part of the introduction to the assignment and as a basis for motivating your choice of

variables. Hint: remember that Germany is part of the EU; the UAE is part of the GCC.
2. Variables: identify and justify relevant variables – i.e. use relevant theory to justify your choice of variables. Hint: you might start from the macroeconomic

identity: Y=C+I+G+(X-M); other models will become apparent as the course progresses.
3. Data: researching and collating appropriate and comparable ten year data (The WDI databank should be used as the primary database for your assignment, this

should be supported by data from other sites (e.g. Eurostat, Zawya, National Bureau of Statistics) to address any gaps in the data. Up-to-date data is necessary to

gain a good grade )
4. Explanation: researching qualitative/analytical explanatory material (e.g. EIU country analyses, IMF reports, etc.) to explain the data presented in section

A2.

B.   Analysis
1.   Explaining: giving reasons why economic variables have values you found.
2.   Linking: relating variables to broader indicators such as the standard of living, economic growth prospects, etc. (data analysis).
3.   Difference: comparing data and explanations for two economies, and drawing conclusions as to any reasons for observed differences (comparative analysis).
4.   Future: using data and explanations to suggest likely future development paths (trend analysis).
C.   Presentation
1.   Data: presenting data in simple, clear, comparable and relevant terms using appropriate graphical means where possible.
2.   Comparison: combining data and commentary into single, clear and coherent comparison. Note: only include key graphs and tables in the report itself – delegate