Highlights
Report guidelines. Please read the instructions carefully and then answer the questions. Cover page – ensure you include your name, student number and word count. ? Table of Contents (use the Word automatically generated table of contents). ? Body of report with answers to each question, including headings for each question and part of question: executive summary (250 words); macroeconomic performance and social impact (1,500 words); conclusions and recommendation (750 words).
References: when you use another person’s wording or another person’s idea, statistical data or any other information taken from any other source, you need to include an in-text citation and then provide the full reference in the Reference List. Torren’s online referencing guide: https://library.torrens.edu.au/academicskills/apa/tool
Ensure that your report contains a minimum of 15 academic references (standard government websites are accepted; blogs may not be used to support your answer).
Use APA 6 reference style.
Use a minimum 11 point font.
Use page numbers.
Appendices
The weight on the marks is evenly distributed, but we mark according to the rubric, which is: ? Knowledge and understanding of the core areas of macroeconomics (30%) ? Critical reasoning, defence of argument and clear display of understanding of relevant macroeconomic concepts (25%)
Analysis and Application (25%)
Quality of the answers with application of new macroeconomic concepts (10%) ? Managing time and purpose of the assessment (10%)
Table of Contents
Ensure you use the Word automatic table of contents with style guides. Guide to constructing a Table of Contents: https://learning.linkedin.com/blog/design-tips/the-wicked-easy-way-to-create-a table-of-contents-in-word
Guide to using heading styles: https://support.microsoft.com/en-us/office/add-a-heading 3eb8b917-56dc-4a17-891a-a026b2c790f2?ui=en-us&rs=en-us&ad=us
Page numbers
Page numbering starts after the table of contents (i.e. page 1 will contain your first answer). You should not have a page number on your covering page.
Your table of contents page should have the roman numeral “i”.
Guide to page numbering: https://support.office.com/en-us/article/Start-page-numberinglater in-your-document-c73e3d55-d722-4bd0-886e-0b0bd0eb3f02
Background
You are an independent business economist. The Reserve Bank of Australia and the Commonwealth Government of Australia have approached you for your recommendations on whether the various grants from the federal government as economic responses to COVID-19 would help revive the Australian economy.
Task
You are required to mention all the grants. Assess in detail at least four federal government grants. Compare these with similar grants offered in another country (which you may choose). You can obtain the information from official or academic sources; a few of them are mentioned below. You should obtain information from other sources in addition to the ones stated below.
(a) Australian Bureau of Statistics
(b) Reserve Bank of Australia
(c) Multinational agencies (e.g. the World Bank, the United Nations, the International Monetary Fund, or the OECD).
(d) Treasury.gov.au
Report Structure
Executive summary
This section should include your essential findings and your key recommendations.
Macroeconomic performance
a) Explain the current state of the Australian economy. Analyse how the growth of the Australian economy has been affected by COVID-19. Analyse the impact of the four federal grants (you have chosen) on the performance of the Australian economy. Use relevant statistical data, graphs and diagrams to support your arguments. (10 marks)
b) Explain whether your chosen country has similar grants. Compare and contrast whether Australia and your chosen country have benefitted from grants. Explain whether or not the grants have affected aggregate demand and aggregate supply in Australia. Use relevant statistical data, graphs and diagrams to support your arguments.
Conclusions and Recommendations
What further recommendations would improve Australian economic growth, using the macroeconomic concepts covered in this course? These recommendations should be in addition to what has been discussed and should demonstrate your understanding of macroeconomic concepts.
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