Prepare a report on current state of the australian economy

Assignment Help Business Economics
Reference no: EM13869108 , Length: 1772 Words

Assignment 
Length: 1500 words
Weighting: 25%
Requirement:
Prepare a report on the current state of the Australian economy and its management by the Federal government. You need to do this by examining the four economic indicators of economic growth (GDP), unemployment, inflation and trade (including the terms of trade, the 
current account, net foreign debt and the value of the Australian dollar). In your report you are expected to outline the target values for these economic indicators as well as the trend in these economic indicators over the last 10 years. Finally, you should outline the current 
macroeconomic policies of the Federal government and RBA where you think these policies may relate to these four economic indicators and comment on whether you see these policies as suitable in the present economic environment.   Given your analysis, you are expected to conclude your report with policy recommendations to achieve targeted economic growth,unemployment, inflation and trade outcomes. 
Presentation of report
The report should not exceed 1500 words. This word limit does not include the abstract, tables, graphs and reference list.
The report should be word processed using a font size 12 with 1.5 line spacing.
Structure of report
Your report must include:

an appropriate title

an abstract (sometimes called an executive summary) summarising the report

an introduction in which you briefly explain what you are going to address in the report and why

the body of the essay broken into sections (section headings are appropriate)

a brief conclusion that should summarise your analysis and your predictions and recommendations

appropriate referencing and a reference list as required.

Although the requirements for presentation and structure may appear pedantic, they are not. In the business world you may often find yourself involved in writing a report - perhaps even for multilateral and government organisations such as the IMF or OECD. We suggest that you devote some time to developing this skill. Your future career can only be enhanced by your ability to communicate effectively in writing.Marking criteria Assignment 2Your report will be marked against the following criteria:

Appropriate description of the four economic indicators- economic growth,

unemployment, inflation and trade and the trend in these indicators over the last ten years.

Succinct description of current macroeconomic policy in Australia and appropriate

assessment of its effectiveness.

Useful conclusions and recommendations about the future direction of policy including

threats to current policy settings.

Evidence in the report of a depth of research and accuracy in referencing (Harvard Style).

Abstract, presentation, grammar, structure, etc.

TOTAL FOR ASSIGNMENT 2: 100 marks (weighting 25% of total marks f Some advice about Assignment 2 Your short "Abstract" needs to describe the aim of the report and a brief overview of the economic targets, government policy and recommendations. It should be approximately 500 words. 
The "Introduction" is a brief paragraph or two that outlines the aim of the report and how the report is structured (i.e., what you are examining). The content of your assignment should generally reflect the marking criteria. REMEMBER that an Introduction is different to an 
Abstract.The "body" of the report is the content of your research and analysis. You may want to consider dividing you report into different sections with appropriate subheadings. You should begin the body of your work with a discussion of the current values of the four 
economic indicators under investigation (Economic Growth (GDP), Unemployment, Inflation and Trade) and the government targets for each of these. You should also discuss the trends in the economic variables over the past 10 years. This section is worth 20%.Once you have discussed the variables you should discuss current macroeconomic (Fiscal and Monetary) policy in Australia. In addition to a description of policy you need to provide your assessment of the effectiveness of the policy. The effectiveness of macroeconomic policy will be determined by how close the current figures are to policy targets. For example, did Australia reach targets or not and/or how close has Australia been to meeting targets? 
You NEED to give your (well thought out) opinions about how well current macroeconomic policy is working based on the data obtained. You need to support your opinions with scholarly research to further enhance/prove/justify/confirm your findings. This section is worth 40%.
In your "Conclusion" you need to discuss what the future is for the economy (the strengths and/or threats) as well as canvass the policies you would recommend to ensure meeting the economic targets. You should again call upon scholarly research to further 
enhance/prove/justify/confirm your commentary in this section. This section is worth 20%.A reminder: To complete your assignment you need to ensure you have used correct Harvard referencing throughout the report and that you have correctly formatted your reference list. 
Only include the references that you actually used in your report.  This section is worth 10%.You should check your "turnitin" value before submitting your assignment. A value of over 50 per cent should be of concern to you.There are a number of useful resources you can use to gather information but make sure you are using reliable sources. Useful sources of information might include the following 
web sites:

Some newspaper sites may also be useful. For example, the Australian Financial Review, the Sydney Morning Herald, the Australian, the Guardian and other major newspapers. The editions around the time of economic policy announcements are especially useful. You will also need to look closely at some recent budgets that are usually brought down in May (details can be found at https://www.budget.gov.au) and monetary policy announcements 

Reference no: EM13869108

Questions Cloud

What are the price and quantity at the social optimum : In a perfectly competitive market, the inverse demand for a product is P(Q) = 200 − Q. Production is associated with a marginal private cost, MCP (Q) = Q, and a constant marginal external cost, MCE = 40. What is the unregulated equilibrium under perf..
What judgement can you make about the newspaper and audience : What judgement can you make about the newspaper and audience by the techniques that are used?
Experience shows that 3 percent of the amount levied : Orinoco levies property taxes in the amount of $ 2,000,000. Experience shows that 3 percent of the amount levied will not be collected for various reasons, including appeals of tax assessments.
Increase lead to largest income effect for most consumer : For which of the following goods would a 10 percent price increase lead to the largest income effect for most consumers?
Prepare a report on current state of the australian economy : Prepare a report on the current state of the Australian economy and its management by the Federal government. You need to do this by examining the four economic indicators of economic growth (GDP), unemployment, inflation and trade (including the ter..
Discuss how these job skills can lead to improved job : Discuss how these job skills can lead to improved job performance.
Prepare a database and will create a user interface for it : In this assignment you will be given a database and will create a user interface for it using the best practices that you have learned in the course.
How could such an action be prevented in the future : Was this action ethical? Why or why not? How could such an action be prevented in the future?
Calculate the maximum bending moment : Problem: A beam of rectangular cross section 200mm deep and 100 mm wide. If the beam is 3 long, simply supported at either end and carries point loads as shown in figure. (a) Calculate the maximum bending moment.

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd