Determine which phase the australian economy is in

Assignment Help Macroeconomics

Reference no: EM133787617

ASSESSMENT - MACROECONOMICS CASE STUDY

Instruction

Use the attached Statement on Monetary Policy (SMP) May 2024 Overview by the Reserve Bank of Australia. The SMP sets out the RBA's assessment of current economic and financial conditions as well as the outlook that the Reserve Bank Board considers in making its interest rate decisions.

Your task is to use the SMP - and other information as relevant - to write a brief on the current macroeconomic situation in Australia.

Firstly, your brief should assess the key Macroeconomic Variables and the relevant factors that influence them.

Secondly, you should apply the key Macroeconomic Variables to the AD/AS Model to determine which phase the Australian economy is in.
Conclude your brief by commenting on the key Macroeconomic Indicators and what these imply for the current state of the Australian macroeconomy.

Your brief should be no more than 1,200 words, excluding references, and should be structured as follows:

Overview
The Key Macroeconomic Variables
The ‘AD/AS Model' (including diagram/s)
The Key Macroeconomic Indicators
Conclusion
References

This assessment is worth 30% of your total grade for this subject. The marking rubric for this assessment is included on the next page.

CONTENT and ANALYSIS
Analysis is clear and logically structured:
a. clearly outlining and explaining the current economic situation in Australia using
macroeconomic variables, framework/s (i.e., AD/AS Model) and economic indicators.
b. using macroeconomic frameworks, analysis of the current economic situation is logically deduced and argued.
c. demonstrating awareness of relevant concepts and issues in the analysis.
d. critically engaging with appropriate and relevant literature provided in the analysis.

LANGUAGE
The writing is well expressed:
a. is comprehensible and coherent throughout with a logical flow that correctly links concepts.
b. with no or very few grammatical errors.
c. vocabulary is appropriate to the context.
d. formal referencing techniques applied correctly.

Statement on Monetary Policy - May 2024

Reference no: EM133787617

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