ECON545 Week 4 Case Study Industry Growth and GDP Growth Latest 2019 January Question # 00597648 Course Code : ECON545 Subject: Economics Due on: 02/04/2019 Posted On: 02/04/2019 04:11 AM Tutorials: 1 Rating: 4.7/5

Week 4 Case
Study Industry Growth and GDP Growth

Overview

GDP represents the total output and the total income in the
economy. The source of GDP is the production by various producers and
industries. As such, each industry has a share in GDP. This means that, if the
industry grows, then its share as a percentage of GDP grows as well. Moreover,
when GDP grows, income level in the economy increases. As a result, some
industries in the economy expand when GDP and the income level rise. For
example, industries that produce luxury commodities such as brand-name shoes,
vacation packages, organic food items, movie theaters, expensive coffee, and so
forth, grow and expand when household income rises. Other industries such as
dollar stores, thrift shops, fast food restaurants, generic brands, and public
transportation expand when the household income declines.

Assignment Description

For this assignment, you need to choose an industry and then
analyze the growth pattern of that industry during periods of recession and
periods of expansion. Examples of industries that you could choose from include
auto, airline, higher education, food, healthcare, agriculture, housing, social
media, fast food, sport, gaming, pharmaceutical, and movie industry, or
whatever other industry you prefer. Remember, you are analyzing the growth
pattern of the industry, not a specific commodity. The goal of this assignment
is to

1. analyze
the growth pattern of a specific industry;

2. identify
the sources of the growth; and

3. determine
the relationship between GDP growth and the growth of that industry.

Your research needs to be structured with consistent and
clear thoughts. It also needs to be supported by facts and data. Your results
need to be based on solid facts. Your conclusion and opinion need to be
thorough and based on your findings and understanding of GDP, the sources of
GDP growth, and the growth pattern and sources of your industry.

Writing Style and Page Number Requirements

Font Type: Times New Roman or Arial

Font Size: 12

Spacing: Double

Number of Pages: Four to six pages, including a separate
Title page and a separate References page

Structure and Requirements

• Title
Page

o Title of
the paper

o Name of
the author

o E-mail
address of the author

o Class
name

o Professor’s
name

o Date

• Introduction

Provide an overview of the industry, its size (market
share), its output level, its growth pattern, its employment share (how many
people does it employ), and key challenges and opportunities this industry
faces.

• Data

o Obtain
data from at least three credible sources (not Wikipedia) to provide facts
about the industry output over 10 years and the sources of the growth (changes
in regulations, changes in consumption, changes in investment, changes in
government purchases, or changes in net export).

o Obtain
data about changes in GDP growth rate for the same period (10 years).

o Use
tables, graphs, and figures to support your argument.

Analysis

Here, you need to discuss the sources of the growth pattern
and how and why these sources affect the growth or decline of the industry. In
addition, discuss the relationship between GDP growth rate and the growth rate
of the industry. Moreover, discuss the effect of the growth of the industry on
the growth of GDP, and/or the effect of GDP growth on the growth of the
industry. Make sure you discuss the effect of different stages of the business
cycles (recession and expansion) on the industry.

• Conclusion

Provide your own final thoughts, opinion, and understanding
of the different forces that impact the industry. In addition, state your
thoughts about the future of the industry and provide recommendations for
expanding it.

• Reference
List

Use at least three professional sources to support your
argument. The references need to be in APA format. To learn more about APA
format, click on the link below.

APA Resource