You work at the Ministry of Commerce People’s Republic of China. The Ministry Director has requested that you prepare a policy note on the trade relationships of China with the US over the last 20 years.

Report Topic 1: You work at the Ministry of Commerce People’s Republic of China. The Ministry Director has requested that you prepare a policy note on the trade relationships of China with the US over the last 20 years.

Your task is to prepare a policy note that covers, the following points using the relevant economic concepts you have seen during the course up to this point:

1. Expose the trends over the last 20 years of the total exports, imports and financial flows (FDI) between China and the US.
2. Identify which percentage of the total exports, which percentage of the total imports, and which percentage of the total FDI received does China represent for the USA and vice versa.
3. Identify the top 5 products or services that China has been exporting to the US over the last 20 years. Do the same for the USA to China. Have these top 5 products or services exported changed over this period? If yes, why? If not, why?
4. Identify the top 5 products or services that China has been importing to the US over the last 20 years. Do the same for the USA to China. Have these top 5 products or services imported changed over this period? If yes, why? If not, why?

The policy note should have the following structure:

o Introduction
o Research Questions
Answer each of the research question using a separate section for each one
o Conclusions
Close the presentation with your personal conclusions based on your research
o References
References and the Bibliography have to be in Harvard’s citation style.
• Make sure you provide an objective analysis and that the analysis is backed up with actual data and proper analysis of the trends and figures.
Recommended sources:
• Data: Ministry of Commerce People’s Republic of China

• World Bank data:

• World Trade Organization:

You should use additional relevant sources: specialized press, internet material, etc.

Report Topic 2: You work at the European Department of the International Monetary Fund. The Department Director has requested that you prepare a policy note on the trade relationships of the European Union and the United Kingdom. The IMF management is concerned about the effects of the Brexit.

Your task is to prepare a policy note that covers, the following points using the relevant economic concepts you have seen during the course up to this point:

1. Provide general information about the UK Economy with the main macroeconomic indicators (GDP growth, unemployment rate, inflation, current account balance…)
2. Show the importance of the UK Economy for the EU economy (in percentage terms, for example: UK GDP represent xx% of the EU Economy) and the European countries trade with the most.
3. A discussion about the effect of Brexit not only for UK but also for the EU economy with regards to their balance of payments. Indicate the effects on the 3 Balance of Payments subaccounts.

The policy note should have the following structure:

o Introduction
o Research Questions
Answer each of the research question using a separate section for each one
o Conclusions
Close the presentation with your personal conclusions based on your research
o References
References and the Bibliography have to be in Harvard’s citation style.
Make sure you provide an objective analysis and that the analysis is backed up with actual data and proper analysis of the trends and figures.
Recommended sources:
• Data: www.worldbank.org or national data (national statistical institute / Central Bank)
You should use additional relevant sources: specialized press, internet material, etc.
Formalities:
• Wordcount: maximum of 2000 words
• Add the proper References at the end. References are excluded of the total wordcount.
• Font: Arial 12,5 pts.
• Text alignment: Justified.
• The in-text References and the Bibliography have to be in Harvard’s citation style.
Submission: Week (8) – Via Moodle (Turnitin). Sunday September 20th at midnight.
Weight: This task is a 60% of your total grade for this subject.
It assesses the following learning outcomes:
• Develop a complex understanding of the main concepts of international economics and how to apply them;
• Understand and analyze the different global economic theories;
• Distinguish between the different international economic systems;
• Understand balance of payments and its influencers;
• Explore economic integration in different economic areas