ECS3702 2025 ASSIGNMENT 2 SEM 1 2025 ECS3702 2025
DISCLAIMER
THE DOCUMENT PRESENTED IS A DEMOSTRATION ON HOW STUDENTS CAN
APPROACH THE ASSIGNMENT FOR ECS3702 ASSIGNMENT 2 SEM 1 2025. IT IS BASED
ON PRESCRIBED MATERIAL AND EXTERNAL RESEARCH. THE DOCUMENT CONTAINS
BOTH SHORT NOTES AND A RESPONSE EXAMPLE FOR EACH QUESTION. STUDENTS
ARE THEREFORE ADVISED NOT TO COPY AND PASTE BUT USE THE DOCUMENT AS A
RESEARCH GUIDE THAT WOULD HELP THEM DRAFT THEIR OWN FINAL COPIES.
, ECS3702 2025 ASSIGNMENT 2 SEM 1 2025 ECS3702 2025
QUESTION 1 [35 marks]
In this module, the importance of international trade for economic growth has
been underscored in the many trade theories and trade policies we have
examined, including the classical theories, the H-O theory, the new trade
theories, tariffs and subsidies and trade agreements. This assignment tests
both your understanding of trade policy and exposes you to macroeconomic
databases and data as well as academic writing.
Use the following link to access data from the World Bank’s World Development
Indicators database: https://databank.worldbank.org/source/world-
development-indicators#
2. Plot the data obtained above in one diagram (you will have 6 lines
representing each country). The figure must be correctly labelled with Trade %
of GDP on the vertical axis and years on the horizontal axis. The title of the figure
should be above, and the source should be below the figure [10 marks].
DISCLAIMER
THE DOCUMENT PRESENTED IS A DEMOSTRATION ON HOW STUDENTS CAN
APPROACH THE ASSIGNMENT FOR ECS3702 ASSIGNMENT 2 SEM 1 2025. IT IS BASED
ON PRESCRIBED MATERIAL AND EXTERNAL RESEARCH. THE DOCUMENT CONTAINS
BOTH SHORT NOTES AND A RESPONSE EXAMPLE FOR EACH QUESTION. STUDENTS
ARE THEREFORE ADVISED NOT TO COPY AND PASTE BUT USE THE DOCUMENT AS A
RESEARCH GUIDE THAT WOULD HELP THEM DRAFT THEIR OWN FINAL COPIES.
, ECS3702 2025 ASSIGNMENT 2 SEM 1 2025 ECS3702 2025
QUESTION 1 [35 marks]
In this module, the importance of international trade for economic growth has
been underscored in the many trade theories and trade policies we have
examined, including the classical theories, the H-O theory, the new trade
theories, tariffs and subsidies and trade agreements. This assignment tests
both your understanding of trade policy and exposes you to macroeconomic
databases and data as well as academic writing.
Use the following link to access data from the World Bank’s World Development
Indicators database: https://databank.worldbank.org/source/world-
development-indicators#
2. Plot the data obtained above in one diagram (you will have 6 lines
representing each country). The figure must be correctly labelled with Trade %
of GDP on the vertical axis and years on the horizontal axis. The title of the figure
should be above, and the source should be below the figure [10 marks].
