GA/MA503: Differentiate the Objectives and Consequences of Macroeconomic Policy - Economics Assignment Help

Assignment Task:

Task:

Unit Learning
Outcomes covered in this assessment

•  differentiate the objectives and consequences of macroeconomic policy in Australia and debate the conflicts between the achievements of those objectives.
•  analyse economic fluctuations and Gross Domestic Product.
•  describe and discuss the concept and consequences of unemployment.
•  examine the relationship between exchange rate and international trade.
•  compare monetary policy and fiscal policy in a macroeconomics context.

You are required to do the following:
1. Investigate the historical GDP growth, unemployment rate, inflation rate for each country through accessing the data of the statistical bureaus of the any respective 4 countries.
a. Presenting the data graphically. Pay attention to the difference between real and nominal GDP. You should use the longest available data in this task. The IMF database, the World Bank database, or the OECD statistics are also good sources to find the needed data. 16 Marks
The graphs should look similar to the following three graphs: on each graph there is a time path of an economics indicator, such as real GDP, unemployment rate, inflation rate, and the time periods of identified as economic recessions in task 2, which are indicated through shaded bars.

b. Find the number of employed persons and the number of unemployed persons for Australia in Jun 2019 and calculate the number of persons in labour force and the unemployment rate
2 Marks
c. Find Australian consumer price index for March 2019 and June 2019 respectively and calculate the inflation rate for June 2019.

2 Marks
2. Assess the macroeconomic state inIdentify the periods of economic recessions in the business cycle base on the historical and current data for each country based on the graphs of the main economic indicators and add the periods of economic recessions into the three graphs produced in task 1.
. Contrast your assessment with the literature. For each country, you should use at least three different sources of literature. (hints: the publications of the Central Bank represent usually the official view on the macro economy, the peer reviewed journal papers usually represent the view of the authors.)
20 Marks
3. Draw AD-AS model for each country separately. Carefully choose the scale of your axes. The graph should represent your assessment of the current macroeconomic state in the business cycle. It should also indicateor the macroeconomic issue you identified for the respective country.
10 Marks
4. Discuss one of the four macroeconomic issuees, which you identify as the most relevant issue in the current situation of the respective country. Contrast your assessment with the literature. Here you are required to use at least three different sources of literature.

The above GA/MA503 Economics  Assignment has been solved by our  Economics  Assignment  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.