Objective. To master the skills of designing and analyzing regulations.
You work as an advisor to a government. (If this helps, you might want to think of some specific country; however, this is not necessary.) Your task it to solve the gender-gap problem in the labor market. (Focus on private sector and assume that the problem is non-existent in the government sector.)
Your task is two-fold.
Objective. To get “your hands dirty” with data searching, cleaning, and presenting.
By definition, GDP = C + G + I + X – M, where C is personal consumption, G government expenditures, I investments, X exports, and M imports. In the table below, you can find an example of USA GDP in 2018 divided by its components.
|USA (2018)||Nominal GDP||Real GDP|
|In billions USD||As % of GDP||In billions USD||As % of GDP|
|Definitions. Nominal GDP 2018: computed for current prices (2018). Real GDP 2018: computed for prices from 2012 (i.e., 2012 is the base year).
Source. “Gross Domestic Product, Fourth Quarter and Annual 2018 (Initial Estimate)” by the U.S. Bureau of Economic Analysis. Downloaded from: https://www.bea.gov/data/gdp/gross-domestic-product.
Methodology. I downloaded the Excel file gdp4q18_ini_0 and used data from Table
3. “Gross Domestic Product: Level and Change From Preceding Period.”
Your task is to find data on GDP and its components for 3 (three) distinct countries; one of them must be Saudi Arabia, none of them is to be USA. You do not need to provide times series; a snapshot from one year is enough.
Essentially, for each country, you should replicate the above table. Try to find the most recent data. You should find data for nominal and real GDP. Compute each component of GDP as % of GDP. As in the table above, include definitions, sources, and methodology.
Note. Use only the reliable sources of data: government agencies (e.g. GASTAT), World Bank.
Objective. To think about big questions.
What does it mean for a company to be called a Saudi company? In some cases, the answer is obvious: Aramco or Al Baik are, clearly, Saudi companies. Yet, it is not always a case that the answer is so clear. In this exercise, you are supposed to think about the nationality of corporations. This is an important topic especially from the government perspective: a government of nation X desires to help firms from nation
X rather than those from nation Y. To that end, it is necessary to be able to determine a firm’s nationality.
Here, you need to provide arguments and examples.
Objective. To think about big questions.
Exercise 4 is rather unusual: you need to pick one topics from the two very different topics that I propose. Whatever you choose, you need to write an essay that covers all the points mentioned in an exercise. I am looking for clarity and depth. The problems in this exercise are serious and I expect serious essays. Put effort, mind, and heart into your answer.
At the beginning of your essay, clearly indicate which option – A or B – you choose.
What does it mean for a price to be fair? This is rather a deep. Naturally, it is unlikely for everyone in the world to agree on a definition of fair price. However, in this exercise, I care only about your view.
According to OECD, knowledge-based economy (KBE) is defined as an economy that is “directly based on the production, distribution and use of knowledge and information.” (On Blackboard, I uploaded the document, “The Knowledge-Based Economy” prepared by OECD, from which the definition comes. This document might help with the exercise. Naturally, you should expand your references if this is what you desire.)
Typical sectors of KBE are high-tech, communications, finance/banking, education, and business services (e.g., consulting). The main components of a KBE are human capital and infrastructure. Here, you might want to think of human capital as what is in the hearts and minds: motivations and skills of people. It is argued that KBE is an attractive type of economy as knowledge is a long-term driver of economic growth. Importantly, a transformation that Saudi Arabia is going through is a transformation from an oil-based to a knowledge-based economy. And this is precisely the topic of this exercise.
You might want to think of this exercise as a prequel to Exercise 1.
During our 13th session (February 12), we looked at the labor statistics in Saudi Arabia. Our focus was on the gender gap: (i) the average female salary is lower than the average male salary (in various sectors and occupations), and (ii) the percentage of Saudi females who work is lower than the percentage of Saudi males who work.
In this exercise, your task is to provide a plausible explanation of (i) and (ii). In other words, you need to answer the “why” question: why do we observe (i) and (ii) in the data?
Please keep in mind that you need to provide arguments (data, facts), not just opinions.
Such a cheap price for your free time and healthy sleep
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