Reference no: EM133760626 , Length: word count:2000
Economics for Managers
Assessment - Analysing the economic context in which the business operates
A written research-based report using analysis of cases involving diagrams and data to substantiate your responses.
Completion of set tasks using diagrams and written report (2000 words)
Description:
In the speech to The Australian Financial Review Cryptocurrency Summit, Brad Jones, Assistant Governor (Financial System), spoke about the opportunities and challenges arising from the tokenization of assets and money in the digital age. He also discussed how these issues connect to the next phase of the Reserve Bank's strategy work program on the "future of money."
Case 1
Critically analyse the following:
Functions of RBA.
Why does RBA target inflation
What is the relationship between the overnight money market and Open Market Operation (OMO))?
Show the steps of how RBA works in the overnight money market to increase the cash rate.
Case 2
Critically analyse the following:
What are the two main automatic stabilisers?
How do these automatic stabilisers work during a contraction? What is the effect on a balanced budget?
On the business cycle diagram, draw the effect of automatic stabilisers on the fluctuations in Real GDP.
Case 3
Critically analyse the role of Macroeconomic policies in planning an economy. What are the recent macroeconomic policies the Australian government has undertaken recently?
Additional instruction: The research must be presented with a Reference List at the end of the paper. You should also check the accuracy of the responses before using them and reference the sources used for this verification.