Economics

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Economics
The raw data and their source must be included as an appendix to the report.
Data sources include:
1. Australian Bureau of Statistics (ABS)
2. Reserve Bank of Australia (RBA)
3. The International Monetary Fund (IMF)
4. World Development Indicators (WDI)

Presentation: Report format
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 Times New Roman 12pt

Marking Guide: Knowledge and understanding of topic 20%
Critical thinking, analysis and evaluation 20%
Reading and Research 20%
Written presentation 20%
Identify examples, both historical and current,
and make policy recommendations for improvement 20%

 

Question 1 Word Limit: 350 words

Table 1: GDP Data for Countries A and B
Country A
$billions Country B
$billions
Household Consumption 150 150
Government Purchases 250 250
Transfer payments 50 60
Total Gross Fixed Capital Expenditures 50 150
Change in Inventories 50 -50
Exports 40 40
Imports 20 20

 

Consider the data in table 1 for two countries: A and B.

 

Discuss the usefulness of these data in deciding which, if any, of these two countries is likely to be experiencing an economic recession.

Question 2 Word Limit: 900 words
Obtain Australia’s real GDP and CPI data from 1980 to 2015. Calculate the annual growth rates of real GDP and inflation and graph both

series together. Is/are there some interesting or salient relationship(s) between those two series? Provide and discuss plausible economic

explanation(s), including change in economic events and change in government policy, for the relationship(s) you identified.

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Question 3 Word Limit: 900 words
Obtain Australia’s real GDP and unemployment data from 1980 to 2015. Calculate the growth rates of real GDP and unemployment and graph

both series together. Is/are there some interesting or salient relationship(s) between those two series? Provide and discuss plausible

economic explanation(s), including change in economic events and change in government policy, for the relationship(s) you identified.