Macroeconomic variables on the australian economy

Reference no: EM132628669 , Length: word count:1700

BUS700 Economics - Kings Own Institute

Assessment

Research Report: 1500 - 2000 words

Purpose: To enable students to research, critically analyse and evaluate the macroeconomic performance of Australia.

Topic: Evaluation of the effects of macroeconomic variables on the Australian economy

Obtain the following macroeconomic data for Australia for the period 1990-2018: real GDP growth rates, unemployment rates, inflation rates, Interest rates (cash rates), exchange rates (US$ per A$) and net exports growth rates.

(1) Using the graphs and statistical summaries of the data collected, discuss the relationships between the following variables:
(i) The growth rates of real GDP, inflation and unemployment rates, and
(ii) The growth rates of net exports (exports - Imports), interest rates and exchange rates.

(2) Conduct a simple regression analysis to investigate how these macroeconomic variables are likely to influence the growth rates of real GDP in Australia. Discuss the estimated effects.

(3) Given the insights gained from (1)-(2) above, discuss how monetary policies would contribute to the growth of real GDP in Australia? Support your discussion with plausible economic reasons.

Students need to support their analysis with a minimum of 10 academic journal articles plus the text. Students aiming for a Credit or higher grade will need to use more sources. Articles should be relevant and recent. Non-academic journal sources may also be used, but relevance and validity should be clarified with the lecturer/tutor.

Report format: 1500 - 2000 words report in Word.doc or .docx. Title page, executive summary, table of contents, appropriate headings and sub-headings, recommendations/findings/conclusions, in-text referencing and reference list (Harvard - Anglia style), attachments if relevant. Single spaced, font Calibri 11pt.

Reference no: EM132628669

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