Reference no: EM132551304

ACBUS108A Applied Economics Assignment - TAFE Higher Education, Australia

Assessment - COVID-19. Economic Stimulus Packages

CASE STUDY - COVID - 19 HEALTH CRISIS PANDEMIC. IT IS NOT ALL ABOUT HEALTH!

ASSESSMENT REQUIREMENTS - To answer and complete the following 'Case Study Questions' conduct research on the "COVID-19 fiscal stimulus packages" announced, as well as researching well regarded economic websites (eg. Treasury department; ABS, RBA, ASX & any others). (There is some good information available).

Ensure that you link & relate your responses/answers to the case study questions below, to the relevant theory from the textbook and your topics; as well as any other sources of material provided on Moodle or by your teachers. Do not just quote or paraphrase what has happened, or from reports you discover from your research. This will not get you enough marks. You need to link, relate & support your answers with relevant & valid theory.

In addition, use the Case Study introduction above (from history), as well as the diagram summary above (COVID-19 Incentives), to address and respond to the following questions:

Q1. What economic measures (in general summary form) has the Government undertaken?

Q2. Why do you believe the Government has had to action, compile and enact such large fiscal stimulus packages?

Q3. What has the RBA done in regards of monetary policy? What effect do you believe this will have on the overall economy, given recent interest rate moves?

Q4. Has the Government targeted certain groups or demographics in these fiscal stimulus package measures? Why do you believe the Government has targeted these particular groups?

Q5. What other key macro-economic factors do you believe could be utilised in these packages; or would be 'important elements' within this fiscal strategy to be successful?

Q6. What possible obstacles could the fiscal strategy encounter, that will decrease or weaken it's effectiveness? (NOT DIRECT HEALTH FACTORS).

Q7. What are the consequences of such a large fiscal stimulus packages? Are they short-lived and easily corrected; or are they more likely to have long-term effects?

Q8. Why is the fiscal package strategy (Keynesian policy) likely to have a greater positive effect, than a strategy that relies more heavily on monetary policy (Classical policy)?

Q9. Has the volatility of the AUD affected the Australian economy? Do you believe it has had a positive or negative effect and why?

Q10. If asset prices decrease (or deflate), what impact is this likely to have on consumers/investors; and the overall economy?

Attachment:- Applied Economics Assignment File.rar