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    Case Study A Sample 3

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    Case Study A Sample 3

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    Case Study A Sample 3

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    dc

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    Download as docx, pdf, or txt
    of 5

    School of Computing and Information Technology

    Student to complete:
    Family name
    Other names
    Student number

    ECON251
    Industry and Trade in Asia
    Singapore Institute of Management

    Supplementary Paper
    Sample paper – Section B
    Section B : Short Questions (Total 60 Marks)
    You are to answer ALL the questions from this section. Appropriate your time accordingly

    SIM S3 2023, ECON251 Copyright SCIT,


    University of Wollongong, 2019. Page 1 of 5
    QUESTION 1 [30 MARKS]
    The government of Vietnam examined the success of the Bangladesh economy in the jeans industry. .
    It is considering imitating by expanding and developing the jeans industry as its main growth sector
    and to compete with Vietnam at the international market in the next 10 years.
    The following are the key aspects of the jeans industry in Bahrain
    Domestic Supply Function: Q = 100 + 2P

    Domestic Demand Function : Q = 600 – 3P

    Where P and Q refers to the price and quantity of a piece of jeans ,and earnings of the producers (computing
    using p and Q is expressed in $

    Based on the given information , answer the following questions


    Make sure all your computations/workings are clearly presented

    Part 1 : [6 marks]
    a. Determine the no-trade price and the earnings (in $) of the jeans producer [2 marks]
    b. Given the free trade price is $50 per piece of jeans, determine
    i. the size of import and
    ii. the CHANGE in the level of earnings of the jeans producer [4 marks]

    Part 2. : The Ministry of Trade is proposing to impose a 20% tariff to help the local jeans
    producers [8 marks]
    c. Consider the effects of the tariff policy , in terms of
    i) computing the new trading price and the new level of import [2 marks]
    ii) computing the new level of earnings of the jeans producers [ 2 marks]
    iii) computing the level of tax collection to the government [2 marks]
    iv) discussing the possible harm of this policy [2 marks]

    Part 3 : The Ministry of Trade is proposing an export susidy of $10 per unit of jeans to
    help the local jeans producers [10 marks]

    d. Explain the effects of the export subsidy policy in terms of


    i) the size of the exports [2 marks]
    ii) computing the new level of earnings for the jeans producers [2 marks]
    iii) computing the cost to government [2 marks]
    iv) Suggesting another tool to complement this outward oriented policy [ 4 mark]

    Part 4 : Which is a better approach [6 mark]


    Explain briefly which approach [ import tariff or export subsidy] do you recommend for Vietnam?

    SIM S3 2023, ECON251 Copyright SCIT,


    University of Wollongong, 2019. Page 2 of 5
    QUESTION 2 : CASE STUDY- The India Economy [30 MARKS]
    Answer all the questions
    You are encouraged to spend at least 10 minutes to read the given charts before you attempt the
    questions

    Key Data Set


    Source: The World Bank, World Development Indicators

    Chart 1: GDP growth (annual %)


    9
    8
    7
    6
    5
    4
    3
    2
    1
    0
    3] 4] 5] 6] 7] 8] 9] 0] 1] 2] 3] 4] 5] 6] 7] 8]
    200 200 200 200 200 200 200 201 201 201 201 201 201 201 201 201
    R R R R R R R R R R R R R R R R
    [Y [Y [Y [Y [Y [Y [Y [Y [Y [Y [Y [Y [Y [Y [Y [Y
    03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18
    20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20

    GDP growth (annual %) Linear (GDP growth (annual %))

    Chart 2: India : Sectoral Contribution to GDP


    60.0

    50.0

    40.0

    30.0

    20.0

    10.0

    0.0
    2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

    Agriculture Industry Services

    SIM S3 2023, ECON251 Copyright SCIT,


    University of Wollongong, 2019. Page 3 of 5
    Chart 3: India : Unemployment rate (%)
    7.0

    6.0

    5.0

    4.0

    3.0

    2.0

    1.0

    0.0
    2000 2005 2009 2011 2017 2018

    Chart 4: India avergae tariff rate and Trade (%of GDP )


    60
    50
    40
    30
    20
    10
    0
    3] 4] 5] 6] 7] 8] 9] 0] 1] 2] 3] 4] 5] 6] 7] 8]
    200 200 200 200 200 200 200 201 201 201 201 201 201 201 201 201
    R R R R R R R R R R R R R R R R
    [Y [Y [Y [Y [Y [Y [Y [Y [Y [Y [Y [Y [Y [Y [Y [Y
    03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18
    20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20

    Tariff rate, applied, simple mean, all products (%)


    Linear (Tariff rate, applied, simple mean, all products (%))
    Trade (% of GDP)
    Linear (Trade (% of GDP))

    SIM S3 2023, ECON251 Copyright SCIT,


    University of Wollongong, 2019. Page 4 of 5
    Chart 5: India CO2 emissions from manufacturing industries
    and construction (% of total fuel combustion)
    30
    25
    20
    15
    10
    5
    0
    3] 4] 5] 6] 7] 8] 9] 0] 1] 2] 3] 4]
    200 200 200 200 200 200 200 201 201 201 201 201
    R R R R R R R R R R R R
    [Y [Y [Y [Y [Y [Y [Y [Y [Y [Y [Y [Y
    03 0 4 0 5 0 6 0 7 0 8 0 9 1 0 1 1 1 2 1 3 1 4
    20 20 20 20 20 20 20 20 20 20 20 20

    QUESTION 2 [30 MARKS]


    Answer all the following questions, using evidence or information given above when applicable .
    a. Explain briefly the difference between when a country adopts policies of trade liberalisation vs
    when she aims to be a more open economy. [2 marks]

    b. Explain clearly, which TWO data charts given above, suggesting that India , is an open economy?
    State clearly two other economic evidence [i.e. not provided in the given data] you will need to
    consider to justify your answer in part b) [6 marks]

    c. Explain carefully with the given data, the evidence of India benefiting from her industrialisation
    and trade [4 marks]

    d. Explain what TWO measures or tools, the India government can take to increase the rate of trade
    openness and industrialisation? [6 marks]

    e. State clearly with the relevant data charts of the possible harms India is facing from the path of
    economic growth [6 marks]

    f. What are the two other challenges or issues India is facing as continues to develop and grow ? [6
    marks]

    - End of Examination -

    SIM S3 2023, ECON251 Copyright SCIT,


    University of Wollongong, 2019. Page 5 of 5

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