Economic - MacroEconomic Measures And Model - CPI Inflation Rate - Real Wages- Household Consumption - Economic Assignment Help

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Economic Assignment Help

TASK Explain why your variable is important and deserves to be monitored, explained and predicted. Create a graph in Excel showing the evolution of your chosen variable since 1990. Describe this evolution, noting trends, episodes and volatility. Referring to macroeconomics textbooks, outline the main theory or theories about how your variable is determined. Discuss the observations in (3) over the last twenty-five years in the light of the theory. Briefly summarise the conclusions of any published studies from the last twenty years about the drivers of your variable in Australia. Create graphs for at least two other variables whose own evolution sheds light on that of the variable to be explained; discuss whether the relationship bears out the theory. Draw conclusions regarding how much we know and how much we need to find out.