ECONOMICS ASSIGNMENT -
Purpose: To enable students to research, critically analyse and evaluate the macroeconomic performance of Australia.
Topic: Evaluation of Macroeconomic performance of Australia and USA.
Task Details: Students will complete a research-based analysis and evaluation of the macroeconomic performance of Australia 1990 to 2015/16.
Follow the following procedure -
(1) Obtain data on key macroeconomic indicators: real GDP growth, interest rates (Cash rate), unemployment rate, consumer price index (CPI), exchange rates, and exports and imports.
(2) Discuss the relationship between Australia's real GDP growth rate and inflation rate, and real GDP growth rate and unemployment rate. Is there evidence of the business cycle? Illustrate your discussion with summary statistics and pairwise graphs of real GDP growth rate - inflation rate, and real GDP growth rate - unemployment rate.
(3) Discuss the relationship between net exports (i.e., exports minus imports) and the real exchange rates between USA and Australia. Illustrate your discussion with summary statistics and pairwise graphs of the real exchange rates and net exports growth.
(4) Discuss the relationship between Australia's Cash rates and the Federal Reserve Fund's rates in USA. Do movements in the Federal Reserve Fund's rates net drive movements in the Cash rates? Illustrate your discussion with summary statistics and pairwise graphs of the Cash rates and the Federal Reserve Fund's rates.
(5) Based on your summary statistics, graphs and analysis and discussion above, write a short prediction of the macroeconomic outlook of Australia. Is Australia likely to experience a recession or expansion soon?
Other information to note -
You 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.
Attachment:- Assignment File.rar