Certificate IV in Finance and Mortgage Broking - The Australian Economy - Economics Assignment Help

Assignment Task:

Task:

A study of the economy is a good staring point in a course on mortgage broking because the current state of the economy affects matters you will be concerned with, such as movements in interest rates and housing prices. You cannot expect to be able to make economic predictions of your own, but ability to understand the current state of the economy is important background to financial decision-making. Most people might think that the economy consists of money. Money is what we exchange to buy goods and services and is also a system of measurement. Printing money, however, does not create economic wealth. Economic Editor Ross Gittins has pointed out that economic wealth is created:

INTRODUCTION
Operators in the finance sector need to be aware of the changes in the economy and financial markets so that they can affect their impact on their business and the interests of their client. As an example of this, the Reserve Bank’s low interest rate policy that was evident in 2014 and 2015 made it easier to borrow for new dwellings, and this stimulated the demand for housing loans. The low variable rates, however, may put clients at risk if interest rate rises. Mortgage brokers should alert clients to such a risk, and perhaps also suggest that their clients should have at least some of their borrowings in a fixed-rate loan.

GROSS DOMESTIC PRODUCT
The total value of the production of a developed economy like Australia’s is described in a statistical measure called Gross Domestic Product (GDP), which is measured by the Australian Bureau of Statistics. A continuing increase in GDP is taken to mean that economic output has increased and so has the standard of living.

GROWTH OF THE AUSTRALIAN ECONOMY
Australia has had more than twenty years of economic growth without a recession, with GDP growing by an average of 3% a year during that time. This follows government economic reform measures in the 1990s and a period of good economic fortune in the 2000s.The latter was caused by a combination of rising commodity prices, falling import prices and, towards the end of the period, a mining capital expenditure boom.

This Economics Assignment has been solved by our Economics Experts at My Uni Paper. Our Assignment Writing Experts are efficient to provide a fresh solution to this question. We are serving more than 10000+Students in Australia, UK & US by helping them to score HD in their academics. Our Experts are well trained to follow all marking rubrics & referencing style.

Be it a used or new solution, the quality of the work submitted by our assignment Experts remains unhampered. You may continue to expect the same or even better quality with the used and new assignment solution files respectively. There’s one thing to be noticed that you could choose one between the two and acquire an HD either way. You could choose a new assignment solution file to get yourself an exclusive, plagiarism (with free Turnitin file), expert quality assignment or order an old solution file that was considered worthy of the highest distinction.