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SUBJECT CODE & NAME: BUS700 ECONOMICS (PG)Due Date: 11.59 PM, FRIDAY WEEK 10 (22 JANUARY 2021)Section DetailsAssessment N: Assessment 3Assessment type: Research Report: 1500 – 2000 words report – Individual assessmentAssessment purpose: To enable students to research, critically analyse and evaluate the macroeconomic performance of Australia. This assessment contributes to Learning Outcomes b, c, and d.Assessment topic: Evaluation of the effects of macroeconomic variables on the Australian economyTask details: Obtain data on key macroeconomic indicators of the Australian economy: real GDP, unemployment rate, budget deficit/surplus, interest rate (cash rate) and exchange rates (US$/A$) from 1st July 2001 – 30th June 2020. Then, use graphs, tables, and statistical summaries to answer the following questions:(1) Evaluate the fiscal position of the Australian Federal Government in relation to the cash rate from 1st July 2001 to 30th June 2020. Briefly describe how you expect this to move in relation to the cash rate over time.(2) How has the movements in the fiscal position and cash rate from 1st July 2001 to 30th June 2020 discussed in (1) influenced the unemployment rate in the same period?(3) Briefly describe the movements in the target cash rate from 1st July 2001 to 30th June 2020. How has the movements in the cash rate influenced the value of the Australian dollar in the foreign exchange market?(4) Given the insights gained from (1) – (3), do you think that the Australian government’s unprecedented fiscal spending during the COVID-19 pandemic would help the economy to recover faster than otherwise? Critically discuss.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.Recommended sources of data are:• www.abs.gov.au• www.rba.gov.au• www.imf.org• www.worldbank.org.• http://datatopics.worldbank.org/world-development-indicators/However, data may also be obtained from other credible sources. Also, recommended readings for government policies include:• Statement on Monetary Policy of the Reserve Bank of Australia for insights of monetary policies in Australia.https://www.rba.gov.au/publications/smp/• Budget documents for insights of fiscal policies in Australia.https://budget.gov.au/2019-20/content/documents.htmhttps://archive.budget.gov.au/ (Budget documents for the past years)1. This assignment is individual assessment.2. Name and ID number of student must be clearly printed on the Assignment Cover Sheet.3. Students must follow an appropriate format explained below. Not following appropriate format will cause a loss of some marks.• All analytical contents must be clearly typed and printed. Hand-written report will NOT be accepted.• Appropriate heading or sub-title of each section must be typed and used.• You must analyse, explain, and show how and why you draw your conclusion.• You must also draw and include appropriate and relevant graphs and tables together in your explanation. Draw them using Microsoft Power Point/Word/Excel, NOT hand-drawn.4. Plagiarism (copying the paper from other person) is a serious violation of copy right. It will be penalised and attract a very heavy loss of marks – “Fail”. Make sure you do not show your work to other person(s). Both who show the work and who copy the work will lose their marks heavily and fail in the assessment.5. Only ONE COPY of the research paper is required to be submitted.6. Make sure that you read and check everything in the research paper before submission, once completed.• Knowledge and understanding of topic 20%• Critical thinking, analysis and evaluation 20%• Reading and Research 20%• Written presentation 20%• Identifying examples, both historical and current, and make policy recommendationsimprovement 20%Total mark will be scaled to a mark out of 20. A full Marking Rubric is provided in Moodle.Submission requirements details: Due Date: 11.59 pm, Friday Week 10 (22 January 2021)Student will upload ONLY ONE SOFT COPY to Moodle by the due date.
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