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Penn Foster "Macroeconomics Final Project 050477"

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Question;INTRODUCTIONOver the past decade, many media articles have discussed;the topics of ?outsourcing? and ?emerging markets,? voicing;concerns about U.S. deficits and debt and the impact on the;U.S. dollar. Gold prices have increased, commodity prices;have soared, and there has been an explosion of exchange;traded funds (ETFs), many that allow individual investors to;?invest? in foreign currencies. As recently as mid-September;2010, the Japanese yen, for example, reached a 15-year high;in value against the U.S. dollar. Emerging Markets;Emerging markets (EMs) are countries where the cost of labor;(both direct and indirect) is very low compared to those costs;in other countries. Companies in wealthier nations have;therefore identified opportunities to reduce their costs by;outsourcing (transferring) many lower-skilled production;activities to these emerging markets. A list of EMs as compiled;by The Economist magazine is provided below: One component of outsourcing is known as business process;outsourcing, or BPO. This type of outsourcing to emerging;markets was a prominent issue during the 2008 U.S. presidential;campaign. During this period, the United States;and other world economies (including emerging market;economies) appeared to be entering a contraction period.;Outsourcing isn?t a new idea, but the 1990s and early 2000s;saw dramatic increases in the outsourcing of manufacturing;jobs to emerging markets, particularly India, China, and;Mexico. During this period, big emerging markets (BEMs) and;economies were defined as Brazil, China, Egypt, India;Mexico, Poland, Russia, South Africa, South Korea, and;Turkey.;Exchange-Traded Funds (ETFs);An exchange-traded fund (ETF) is an investment fund that;holds assets such as stocks, commodities, or bonds, and is;traded on stock exchanges. ETFs can be attractive investments;because of their low costs and tax efficiency, and are;a very popular type of exchange-traded product.;ETFs have grown in recent years. Some examples of ETFs;include EWZ for Brazil, ECH for Chile, EPI for India, EWM;for Malaysia, EWW for Mexico, RSX for Russia, EWS and SGT;for Singapore, EZA and SZR for South Africa, EWY for South;Korea, EWT for Taiwan, THD for Thailand, and TUR for;Turkey.;Your Assignment;Your final project will require you to examine any foreign;currency of your choice (preferably one from an emerging;market), and provide an analysis of that currency against;the U.S. dollar over the 5-year period ending with 2010. To;complete this assignment, examine an exchange-traded fund;(ETF) for that currency, perform any additional research you;need to do in order to understand the topic, and then write a;750-word paper that summarizes the results of your macroeconomic;analysis.;To find an ETF fund for a country that you?re interested in;go to an Internet search engine such as Google, and enter the;keywords ?exchange-traded fund for X,? and replace the ?X?;with the name of the country of your choice. You can see the;history of your chosen ETF, in terms of U.S. dollars, by;checking or entering the ETF call letters or ticker symbol;in a financial search engine such as Yahoo! Finance (the web;address for this site is http://finance.yahoo.com/).;GRADED PROJECT SUBMISSION;INSTRUCTIONS;Project Objective;The goal of this project is to demonstrate the knowledge that;you?ve obtained in your Economics 1 course. To complete the;project, you?ll need to research a foreign currency and an;ETF for an emerging market that you find interesting, perform;a macroeconomic analysis of the currency, and write a;paper that summarizes your analysis.;Instructions;Step 1: Select a foreign currency as described above.;Step 2: Perform your research. The content of your textbook;can be one of your sources. However, your;paper should also include at least four independent;and reliable sources. Use general Internet search;engines and financial search engines to perform;your research.;Step 3: Perform your macroeconomic analysis on the;material. Remember that you need to provide an;analysis of your chosen currency against the U.S.;dollar over the 5-year period ending with 2010.;Step 4: Write a first draft of your paper. Your paper should;be written using a word-processing program, such;as Microsoft Word or a Word-compatible program.;Your essay should include a separate title page;and between three and five pages on your topic.;The essay should include a brief introduction;several paragraphs that cover the required information;and a conclusion. The last page after the;main body of the essay should provide a list of;your reference sources.;Step 5: Complete your final draft. Carefully review your;written essay, correct any errors, and submit your;final draft to your instructor. Use the following;Writing Guidelines to complete and submit your

 

Paper#55333 | Written in 18-Jul-2015

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