BUS700 Evaluation Of Macroeconomic Performance :
SUBJECT CODE & NAME: BUS700 ECONOMICS (PG)
Due Date: 11.59 PM, FRIDAY WEEK 10, 20 January 2023
| Section | Details |
| Assessment N: | Assessment 3 |
| Assessment type: | Research Report: 1500 – 2000 words report – Individual assessment |
| Assessment 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 macroeconomic performance of Australia |
| Task details: | Obtain the following key macroeconomic data for Australia for the period 2000-2022: real GDP, unemployment rates, inflation rates, interest rates (cash rates), exchange rates ($US/$A), and exports and imports. Using the graphs and statistical summaries of the data collected, Identify the business cycles in AustraliaDiscuss the impact of the business cycle on the following variables: Real GDP growth rate, inflation rate, unemployment rate, and Australia’s trade performance (exports & imports)Discuss the relationship between the movements of inflation rate, interest rate, and the exchange rate. Conduct a simple regression analysis to investigate how real GDP growth and inflation have influenced the interest rates in Australia. Discuss the estimated effects. Briefly discuss the policy implications of your results from (1) – (2) above. 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.auwww.rba.gov.auwww.imf.orgwww.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://www.budget.gov.au/2020-21/content/documents.html This assignment is individual assessment.Name and ID number of student must be clearly printed on the Assignment Cover Sheet.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. 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.Only ONE COPY of the research paper is required to be submitted.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 recommendations improvement 20% Total mark will be scaled to a mark out of 20. A full Marking Rubric is provided below and also available in Moodle. | |
| Submission requirements details: | Due Date: 11.59 pm, Friday Week 10, 20 January 2023 Student will upload ONLY ONE SOFT COPY to Moodle by the due date. |
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