ISS364 A1

The primary aim of Assignment 1 is to provide you with an opportunity to survey the scientific literature on economic growth and design a policy for the UAE based on your research. Your aim is to better understand the scientific research on an important growth determinant, and then propose a policy recommendation for your country.

You will have to produce A research paper involves conducting individual background research on a topic, discussing your findings, summarizing the key ideas, and then communicating those ideas effectively.

The topics to be investigated:

1. The Effects of Inequality on Growth.

Part 1:

Briefly introduce the topic. What do you expect the effect to be? (200-250 words)

Part 2:

You will use at least FOUR different resources to summarize the theoretical and the empirical literature on the topic. At least three of the sources must be scholarly (i.e., a peer reviewed paper, academic book chapter). The other source can be non-scholarly (e.g., popular blogs or media, such as The New York Times). You are expected to communicate your ideas clearly and summarize your findings in an efficient manner (1000-1500 words).

Part 3:

You will design a policy recommendation for the UAE based on your research and your findings . Describe the policy recommendation and explain how it will influence economic growth and development. (500 words)

Part 4:

Using the Solow Growth Model, explain how your suggested policy affects economic growth. Make sure you support your discussion with graphs. (250-500 words)

Learning Outcomes Added (Appendix on where each LO was used and how)

LO1_Growth: Assess the costs and benefits associated with economic growth and/or economic development.

LO3_TechnologicalProgress: Critically compare the socio-economic outcomes from technological progress.

LO4_Institutions: Analyze the importance and effectiveness of economic institutions