User Account

All Pages

What type of market do Australian Banks operate in

Assignment Help Business Economics
Reference no: EM132327500

Economics Assignment -

Instructions - Answer each question directly. You do not need to present answers in essay or report form. Make sure you explain your diagrams and answer all parts of each question. You do not need to write a huge amount for each question. The word limit is around 800-1500 words. Use the minimum number of words to answer the question (but make sure you answer it fully).

Part A: Microeconomics

Article - Why did our banks survive the Global Financial Crisis? By Stephen King.

Use the article on banks and the global financial crisis to answer the following questions.

1. What type of market do Australian Banks operate in? How has the Global Financial Crisis affected competition in this market? Explain your answer.

2. Assume the biggest four banks in Australia decided to collude and agree to charge a high price on banking products. Graphically demonstrate the price and output in this market and explain your diagram.

3. How and why is the government seeking to increase competition in the banking sector? Explain your answer with reference to the diagram you constructed in Question 2.

4. Briefly describe what triggers entry in a competitive market and the process that ends further entry. Use a graph in your explanation.

Part B: Macroeconomics

Consider the following three sources of macroeconomic analysis and data.

Source 1: Fiscal and monetary policy-renewed international debate.

Key issue - The global financial crisis has sparked renewed international debate about the roles and conduct of fiscal and monetary policy.

Source 2: Disastrous jobs data will create more work for the RBA.

Source 3: Economic Data (Trading Economics).

Use the three sources to answer the following questions.

1. Explain how "discretionary fiscal policy" can be "countercyclical" and be used to support aggregate demand. Use an AD/AS model to support your answer.

2. Use an AD/AS model to demonstrate where the Australian economy was operating in 2014 in relation to full employment and explain the reasons for this. Based on your diagram, the above sources and your own research what phase of the business cycle do you think the Australian economy was in? Explain your reasoning.

3. Based on your research, evaluate the fiscal policy the government is pursuing. Do you believe this is appropriate given the state of the economy? Why or why not? Use an AD/AS diagram in your discussion.

4. Based on your research, evaluate the monetary policy the RBA is pursuing. Do you believe this is appropriate given the state of the economy? Why or why not? Use an AD/AS diagram in your discussion.

5. What effect do you think the lower dollar could have on inflation in Australia? Why? If in 2015 inflation rose to 4% and unemployment rose to 7% what fiscal policy would you advise the government to pursue? Why? Demonstrate the effects of your proposed policy using an AD/AS model.

Do not forget to include a reference list for any sources apart from lectures or tutorials. You also need to include in text references.

Attachment:- Assignment File.rar

Verified Expert

10 questions on microeconomics and macroeconomics have been solved. The questions concerned the Australian economy. Graphs were drawn and explained too. Answers required deep understanding of economics.

Reference no: EM132327500

Questions Cloud

Prompt the user for the property tax amount : Prompt the user for the property tax amount and also the year.
What physical education classes will be offered for boys : What physical education classes will be offered for boys and girls at Charger Middle School during the upcoming school year? Will physical education classes.
What are key components in protecting your computer : What are key components in protecting your computer (internal LAN, Intranet, etc.) from outside threats? Site sources.
Payment amount after the input loan amount : I was thinking of utilizing arrays for multiple users that will give the payment amount after the input loan amount, interest rate and years to repay.
What type of market do Australian Banks operate in : ECOM4000 Economics Assignment, Kaplan Business School, Australia. What type of market do Australian Banks operate in
What risk management framework is best : What risk management framework is best to use for federal government applications residing in the cloud?
Importance of clearing cookies from a device : What is the importance of clearing cookies from a device? And what effect could this have on the device if this is not done?
Defend the importance of advocating for children : Defend the importance of advocating for children and their families. Include specifically how advocacy and your role as a professional and leader.
Discuss the technological changes : Discuss the technological changes that have been made since now and how those changes have affected humanity

Reviews

len2327500

6/24/2019 3:38:39 AM

Length: 1000 words. It is an questions answer assignment. We have to write answers of questions from the paragraph given and we have to include graphs also. Instructions - Answer each question directly. You do not need to present answers in essay or report form. Make sure you explain your diagrams and answer all parts of each question. You do not need to write a huge amount for each question. The word limit is around 800-1500 words. Use the minimum number of words to answer the question (but make sure you answer it fully). Reference your answers if you are using information from another source using in-text referencing and include a reference list at the end of the assignment. Five (5) marks are awarded for this. You do not need to reference lectures and tutorials.

len2327500

6/24/2019 3:38:33 AM

You can insert pictures/diagrams by: Drawing them in programs like “paint” and pasting it into the document. Drawing them by hand, scanning and then pasting them as a picture into the word document. Do not simply copy pictures of graphs from the internet. You have to draw them yourself. Do not forget to include a reference list for any sources apart from lectures or tutorials. You also need to include in text references. A referencing guide is available on the portal under assessments. Both of these will count for 5 marks. Word Limits for Written Assessments - Submissions that exceed the word count by more than 10% will cease to be marked from the point at which that limit is exceeded.

len2327500

6/24/2019 3:38:26 AM

Late assignment submission penalties - 1 - 9 days 5% per day for each calendar day late deducted from the student’s total marks, 10 - 14 days 50% deducted from the student’s total marks. After 14 days Assignments that are submitted more than 14 calendar days after the due date will not be accepted and the student will receive a mark of zero for the assignment(s). Note - Notwithstanding the above penalty rules, assignments will also be given a mark of zero if they are submitted after assignments have been returned to students.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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