ECO10250: The Australian Economy - Business and Tourism Extension Policy - Economics Assignment Help

Assignment Task:

This second assignment is a report on the Australian economy. The assignment due date provided here applies to the Australian study period. This may be varied for students studying elsewhere, so please confirm dates with your local tutor.

Students must submit Assignment 2 online via Turnitin, the online submission facility on the MySCU website for this unit. You must attach an electronic cover sheet (available in MySCU in the Assessment Tasks and Submission icon) as the first page of your assignment otherwise your assignment will NOT be marked. You should keep a copy of all submitted materials. It is important that you that you keep your receipt from Turnitin (it is sent to you once you submit your assignment) and make sure your score is acceptable. A value of over 50 per cent (not including repeating the questions) should raise some concerns for you. You will be able to check your Turnitin score more than once but be aware the first time you submit your assignment you will receive a score very quickly however your subsequent results may take up to 24 hours to get to you.

Requirement:
For Assignment 2 you are required to prepare a report on the current (i.e., August/September 2020) state of the Australian economy and compare its performance with the state of the economy over the period from 2015 to 2020. In completing your report it will be necessary to examine the latest available figures and the comparable figures commencing in 2015 to develop an annualised (2015, 2016, 2017, 2018, 2019, 2020) trend analysis. You should provide a table or graph of these trends.A discussion of the possible causes of the trends you develop is expected.

The following four economic indicators - economic growth (GDP), unemployment, inflation and trade are to be examined in your report. Trade generally includes the terms of trade, the current account, net foreign debt and the value of the Australian dollarhowever for your report you will just be focussing on the current account for the trade category. In examining the performance of the Australian economy it will also be useful to outline any expected target values that may exist for the economic indicators. 

Finally, given your analysis, you are asked to highlight three major issues facing the Australian economy over the next 12 months and why these are of concern and how they may affect the four indicators above.

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