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EFN405 Applied Economics Assignment Problem

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EFN405 Applied Economics Semester 2 2019
Queensland University of Technology
Assessment #3: Take Home Assessment

Background of Case - On Australia's two-speed economy

You have been tasked by the House of Representatives Economics Committee to undertake the following:

1) Using data drawn from the Australian Bureau of Statistics (ABS), present your own diagrams showing Australia's economic growth from 2009 to 2014. Describe the trend and examine the reasons behind the cyclical movements using the expenditure approach and the AD/AS model. You may use either quarterly figures or annual figures.

2) Discuss and critically evaluate the above statements put forward by Byrant (2011) and Mazzarol (2011). Firstly, discuss the problems of Australia's two-speed economy and the problems associated with relying on the mining sector. Secondly, evaluate the effectiveness of fiscal and monetary policy regarding combating the two-speed economy, and discuss and evaluate strategies for long term economic growth.

Attachment:- Applied Economics.rar

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The assignment is an economic assignment.The first question consist of economic growth of Australia.The second question consist of problems with the two-speed economy and mining sector, effectiveness of Fiscal and Monetary policy and Strategies for long term economic growth.The assignment is carried out on MS Word Doc.

Reference no: EM132389784

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