ECON6000 - Economic Principles and Decision Making - Economics Report Writing Assessment Answer

Assessment Task:

ECON6000:  Economic Principles and Decision Making Assessment Answer

Instructions
Based on the information provided, you are expected to research and analyse the current economic situation here in Australia. You are expected to make use of academic references only. Do not include information from blogs. The word limit does not include references, appendices, diagrams, tables and any other information provided to support your report.

Your task
Australia’s cash rate has been further reduced to 1%. The governor of Reserve Bank of Australia Dr. Phillip Lowe, has requested the Treasurer to initiate fiscal policy measures to go hand in hand with the expansionary monetary policy in order to revive the Australian economy. Dr. Lowe aims to improve inflation to between 2%-3% and also wants to reduce unemployment to 4.5%. Do you agree? Will monetary and fiscal policy measures alone be sufficient to revive the slowing Australian economy? Do you have any other suggestions to offer in addition to the policy measures mentioned? Please elaborate as a recommendation. Your report must be 3000 words long and should be addressed to the Governor of Reserve Bank of Australia. You are meant to use all the relevant economic concepts that you may have covered in class and that you have researched to support your answer.

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