Economics for Decision Making
Due: 7pm, 27 August, 2018
Length: 1500 words–(up to 2000 words is permissible)
In February 2017, the Sydney Morning Herald presented the angle of some economists apropos the achievement of the Australian abridgement in 2017 (see http://www.smh.com.au/business/markets/economists-deeply-divided-over-australias-economic-path-in-2017-20170207-gu72ev.html). For Appointment 2 you are adapted to firstly apprehend this commodity and to again adapt a abode on the accepted (i.e., August/September 2018)state of the Australian abridgement and analyze its achievement with accompaniment of the abridgement in August 2017. In commutual your abode it will be all-important to appraise the latest abstracts and the August 2017 abstracts for the afterward four bread-and-butter indicators - bread-and-butter advance (GDP), unemployment, aggrandizement and barter (including the agreement of trade, the accepted account, net adopted debt and the amount of the Australian dollar). In analytical the achievement of the Australian abridgement it will be advantageous to outline any accepted ambition ethics that may abide for the bread-and-butter indicators.Finally, accustomed your analysis, you are asked to highlight three above issues you accept are adverse the Australian abridgement over the abutting 12 months and why you apperceive these as of concern.
Presentation of report
The abode should be amid 1500 and 2000 words. This chat absolute does not accommodate the abstract, tables,graphs and advertence list.
The abode should be chat candy application Times New Roman chantry admeasurement 12 with 1.5 band spacing.
Structure of report
Your abode charge include:
· an adapted title
· an abstruse (sometimes alleged an controlling summary) summarising the report
· an addition in which you briefly explain what you are activity to abode in the abode and why
· the anatomy of the article burst into sections with adapted area headings
· a abrupt cessation that should summarise your analysis
· appropriatein-text referencing and a advertence account at the end of the report.
Although the requirements for presentation and anatomy may arise pedantic, they are not. In the business apple you may about acquisition yourselfinvolved in autograph a abode – conceivably alike for multilateral and government organisations such as the IMF or OECD. We advance that you allot some time to developing this skill. Your approaching career can alone be added by your adeptness to acquaint finer in writing.
Marking belief Appointment 2
Your abode will be apparent adjoin the afterward criteria:
· Abstruse (2 marks)
· Addition (1 mark)
· The anatomy of the abode providing:
o An adapted descriptionand altercation of the accepted accompaniment of the Australian abridgement as reflected by the four bread-and-butter indicators- bread-and-butter growth, unemployment, aggrandizement and barter in Australia and the abridgement in 2018. You additionally charge to analyze the accepted bearings with that in August 2017(8 marks)
o A blunt description ofthree above issues adverse the Australian abridgement over the abutting 12 months. (6 marks)
· Cessation (1 mark)
· Evidence in the abode of a abyss of assay (3 marks)
· Accuracy in referencing (Harvard Style) (1 mark)
· Presentation, grammar, structure, etc. (3 marks)
TOTAL FOR ASSIGNMENT 2: 25 marks (weighting 25% of absolute marks for the unit)
Some admonition about Appointment 2
Your abbreviate “Abstract”needs to call the aim of the abode and accommodate a abrupt overview of the bread-and-butter targets as able-bodied as the issues adverse the economy. It should be about 500 words. The Abstruse is account 2 marks
The "Introduction" is a abrupt branch or two that outlines the aim of the abode (i.e., what you are examining)and how the abode is structured. The agreeable of your appointment should about reflect the appearance criteria. REMEMBER that an Addition is altered to an Abstract. The Addition is account 1 mark.
The "body" of the abode is the agreeable of your assay and analysis. You may appetite to accede adding you abode into altered sections with adapted subheadings.
You should activate the anatomy of your abode with a altercation and allegory of the ethics of the four bread-and-butter indicators beneath analysis (Economic Advance (GDP), Unemployment, Aggrandizement and Trade) in Australia in 2017 and 2018. You could additionally altercate the government’s targets for these indicators. Ensure that you are bright on what you are presenting with absorption to the indicators- e.g., do your indicators appearance GDP, advance in GDP over time or GDP per capita growth? This area is account 8 marks
Once you accept discussed the variables you charge to accommodate your (well anticipation out) opinions about three above issues adverse the Australian abridgement over the abutting 12 months. You charge to abutment your opinions with acclaimed research. This area is account 6 marks.
In your "Conclusion" you charge to altercate briefly the Australian abridgement in 2017 and 2018 and what you see as the above issues adverse the economy. This area is account 1 mark.
You are accepted to accept acclimated a cardinal of references to accredit you to adapt this report. This area is account 3 marks.
You additionally charge to ensure that you accept consistently acclimated actual Harvard referencing throughout the abode and that you accept accurately formatted your Advertence Account at the end of the report. Consistent and actual referencing includes accurately referencing all archive and statistics acclimated in accumulation your report. Alone accommodate the references that you absolutely acclimated in your report. This area is account 1 mark.
Finally but chiefly pay accurate absorption to the anatomy of your abode as able-bodied as presentation and grammar. This aspect of your abode is account 3 marks.
You should analysis your “turnitin” amount afore appointment your assignment. A amount of over 50 per cent should accession some apropos for you. If you are still ambiguous about application turnitin accredit to the abstracts in the unit’s MySCU site.
There are a cardinal of advantageous assets you can use to accumulate advice but accomplish abiding you are application reliable sources and that all sources are absolutely and accurately referenced. Advantageous sources of advice ability accommodate the afterward web sites:
· Australian Bureau of Statistics http://www.abs.gov.au
· The Reserve Bank of Australia http://www.rba.gov.au
· Australian Government Treasury http://www.treasury.gov.au
· Department of Accounts http://www.finance.gov.au
· Productivity Commission http://www.pc.gov.au
· Apple Barter Organization http://www.wto.org
· OECD http://www.oecd.org
· ABC News http://www.abc.net.au/news/
· Trading Economics http://tradingeconomics.com
Some bi-weekly sites may additionally be useful. For example, the Australian Financial Review, the Sydney Morning Herald, the Australian, the Guardian and alternative above newspapers. The editions about the time of bread-and-butter action announcements are abnormally useful.
You will additionally charge to attending carefully at some contempo budgets that are usually brought bottomward in May (details can be begin at http://www.budget.gov.au) and budgetary action announcements about absorption ante can be begin at http://www.rba.gov.au. The RBA's annual account on budgetary action is additionally a actual advantageous antecedent of advice on the abridgement and its status. If you acquisition some acceptable sources I advance that you allotment them with alternative acceptance on the Unit’s Altercation Board.
Exam period: TBA
Weighting: 50%of absolute marks for the unit
The final assay is appointed for the end of the abstraction period. Acceptance will be absolutely brash during the abstraction aeon as to back the assay will be captivated and the architecture it will take. The assay will be bankrupt book. Acceptance will be able to booty in a bashful non-programmable calculator.
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