$20 Bonus + 25% OFF
$20 Bonus + 25% OFF
Securing Higher Grades Costing Your Pocket? Book Your Assignment at The Lowest Price Now!
Add File

Error goes here

ECON11026 Principles Of Economics

tag 0 Download12 Pages / 2,946 Words tag Add in library Click this icon and make it bookmark in your library to refer it later. GOT IT

Question:

This assessment task requires you to write an essay that demonstrates your theoretical and applied knowledge relating to the macro economy and stabilisation policy. It focuses on the macroeconomic section of the unit and builds on the economic fundamentals that you learnt in the first half of the term. You will need a sound understanding of GDP, economic growth, unemployment, inflation, macroeconomic stabilisation polices, particularly, monetary policy. In this essay, you will refer to the chapters outlined in the prescribed text book, relevant journal articles, various reports of the Reserve Bank of Australia and Australian government websites. The purpose of this assessment is to develop skills in interpreting current macroeconomic indicators, analysing macroeconomic policies and their implications for the wider economy. Assessment Topic Discuss the current macroeconomic environment in Australia whilst critically evaluating the role of monetary policy as a stabilisation tool. Background Information Australia has experienced an unprecedented economic growth, achieving the longest economic expansion on record (27 years) without recession.
 
It also escaped the Global Financial Crisis relatively unscathed and pulled off the end of the mining boom. These credentials hide some of the underlying structural issues lingering on in the Australian economy. Among them are the rising property prices and housing affordability, a sluggish economy, a stagnant wage growth rate, rising household and government debt, a rapidly declining manufacturing sector, and concerns of job security amidst of mass automation. In this economic environment, the role of macroeconomic policy cannot be ignored. Particularly, the recent monetary policy stance adopted by the Reserve Bank of Australia has left the official cash rate at its historic low of 1.5 per cent for the thirteenth consecutive month. In this essay, you will discuss the recent trends of macroeconomic indicators and critically evaluate the role of monetary policy including its strengths and weaknesses as a stabilisation tool of a modern economy. 2 Structure of the essay.
 
1. Introduction The introductory paragraph(s) should broadly outline the topic that will be discussed, explain why it is important and a brief outline of the main sections that you will discuss in the remainder of the essay.
2. Body The body of the essay contains the main sections. Please do not include the title ‘Body’ in your essay. You may divide the body section into sub-sections by including sub-headings. You need to conduct research on the current trend in economic growth, inflation rate, unemployment rate and other macroeconomic indicators using multiple sources. As a minimum,
 
you should:
• Provide an overview of current economic environment in Australia;
• Identify the stage of business cycle based on the latest economic indicators;
• Describe the macroeconomic goals;
• Define monetary policy and its objectives. With appropriate diagrams, describe the monetary policy mechanism and the impact of monetary policy on Aggregate Demand;
 
 
• Evaluate the latest Monetary Policy Statement of the Reserve Bank of Australia (RBA) and explain the main factors that influence the current monetary stance in Australia;
• Discuss the impacts of the current low interest rate on the housing market, business investment and household debt.
• Discuss the limitations of the current monetary policy implemented by the RBA. Explain why some believe that monetary rules are a better policy option than discretionary inflation targeting. You are free to arrange the above sections as you wish and do not need to follow the same order.
 
However, your arguments and diagrams should be organised in a logical and coherent manner. You must also define key terms before analysing them. All diagrams must be labelled and discussed in the text. Embedded JPEG files of hand-drawn diagrams are acceptable and you must cite the source if your diagram is sourced from a published source. All definitions and ideas obtained from published material must be appropriately referenced. In any economic analysis, it is good practice to follow the DADA principle – Definitions, Assumptions, Diagrams and Analysis.
 
3. Conclusion Conclusion should be an integrated summary of your main points. It should include a final statement that reflects the research you conducted and your overall understanding of the topic. New material should not be introduced into the concluding section.
 
4. References All references should follow the APA style and reference list should include all the references that you have cited in an alphabetical order. Submission Details All submissions must be via the Turnitin plagiarism detection system. Please tick the terms and conditions box in order to submit your work properly. If your similarity index is too high, please make changes with appropriate references and paraphrasing and resubmit. However, subsequent submissions take longer time to display the similarity index, therefore submit your work early.

Cite This Work

To export a reference to this article please select a referencing stye below:

My Assignment Help. (2020). Principles Of Economics. Retrieved from https://myassignmenthelp.com/free-samples/econ11026-principles-of-economics/designs-monetary-policy.html.

My Assignment Help (2020) Principles Of Economics [Online]. Available from: https://myassignmenthelp.com/free-samples/econ11026-principles-of-economics/designs-monetary-policy.html
[Accessed 31 July 2021].

My Assignment Help. 'Principles Of Economics' (My Assignment Help, 2020) <https://myassignmenthelp.com/free-samples/econ11026-principles-of-economics/designs-monetary-policy.html> accessed 31 July 2021.

My Assignment Help. Principles Of Economics [Internet]. My Assignment Help. 2020 [cited 31 July 2021]. Available from: https://myassignmenthelp.com/free-samples/econ11026-principles-of-economics/designs-monetary-policy.html.


MyAssignmenthelp.com has become one of the leading assignment help provider in New York City and Boston. We provide top class auditing assignment help. Not only auditing, but we also cover more than 100 subjects and our writers deal with all types of assignments with utmost expertise. To make writing process faster and accurate, we have segmented our assignment experts' teams as per their expertise on writing different types of assignments. We guaranteed that students who buy our assignment online get solutions worth their investment.

Latest Economics Samples

ENGLISH 101S The Art Of Reading

Download : 0 | Pages : 2

Answer: Being a book-worm myself, books and magazines have remained an important part of my life. Although I love reading any kind of books, I am especially fond of the motivational books and magazines that aid in my personal growth. I believe in the maxim: “What you are is what you read”, and thus while investing my time in reading, I ensure that I am reading something that will prove to be fruitful for me. I usually read the mot...

Read More arrow Tags: United States Columbia Management Second Language Curriculum University of Columbia Masters in Business Administration 

ECO5000 Economics For Managers

Download : 0 | Pages : 2

Answer: As a manager of a business concern, I once undertook a decision that was considered to be a bad one by the management. Essentially, a foreign rival brand entered the marker with lower priced products as well as supplies. However, I believed that the consumers of our domestic market can never abandon our brand that happened to be home-grown. Therefore, I took the bad decision of not developing competitive edge and devising competitive s...

Read More arrow

ECON 1012 Principles Of Economics I

Download : 0 | Pages : 4

Answer: GDP represents the gross domestic product of a country. It measures the monetary value of the entire production of goods and services that occurred within the geographical boundary of the country at a specified time, say a quarter or one financial year (Mankiw 2014). GDP evaluates the economic health of a country. Nominal GDP shows the value at current prices, while real GDP reflects the value adjusted for price changes. The nominal G...

Read More arrow

PACC6007 Economics

Download : 0 | Pages : 9

Answer: Introduction The essay paper has been developed to analyse the economic outlook of the United States of America. According to the market experts, the stable growth outlook between 2 to 3 percent in 2017 has validated the healthy economic condition of the developed nations. The overview of the US outlook has been modest, to say the least as President Donald Trump has promised to boost the economic growth rate to four percent. Notably, ...

Read More arrow

ECO11 Principles Of Economics

Download : 0 | Pages : 6

Answers: A.Major factor contributing to the price of tomatoes to rise in Australia in a perfect competitive market. In Bowen, after the Cyclone Debbie hits the area it affects the tomatoes production which is 95% of the Australian market. Since the damage in Bowen is expected to be significantly large it will create a shortage especially for the tomatoes (Basar and Pau, 2014). As expected in a perfect competitive market, shortage in tomatoes...

Read More arrow Tags: Australia Hope Valley Economics ECO11 Principles of Economics University of Queensland MBA 
Next

Still in Two Minds? The Proof is in Numbers!

33845 Genuine Reviews With a Rating of 4.9/5.

student rating student rating student rating student rating student rating
19 Jul 2021

Mechanical Engineering

Assignment: 8 Pages, Deadline: 8 days

Passed my subject because of you. Thank you........................................................................

flag User ID: 2***76 Sydney, Australia

student rating student rating student rating student rating student rating
19 Jul 2021

Healthcare

Essay: 1 Page, Deadline: 17 days

Instructors comments on marking :



The depression rate has been increased by 31% among teenagers in America as a consequence of the excessive us ...

flag User ID: 6***41 Campbell River, Canada

student rating student rating student rating student rating student rating
19 Jul 2021

English

Assignment: 0 Pages, Deadline: 4 days

Grate job on my assignment. I got a 100 on it. thank you. I have two questions? 1)Whats The distance from Clarksville,TN to Dayton, Ohio? What's the ...

flag User ID: 7***74 United States

student rating student rating student rating student rating student rating
19 Jul 2021

Assignment

Essay: 5 Pages, Deadline: 6 days

Great job by an incredible organization that truly goes above and beyond to assist in any matter. I truly thank you again for your help.

flag User ID: 5***89 Hillsborough, United States

student rating student rating student rating student rating student rating
19 Jul 2021

Networking

Programming: 4 Pages, Deadline: 30 days

Very Good Team and they attend to you whenever u need them and make all the changes required as soon as possible.

flag User ID: 6***7 Brisbane, Australia

student rating student rating student rating student rating student rating
19 Jul 2021

It Write Up

Assignment: 4 Pages, Deadline: 16 days

This was short assignment but i was satisfied with the work. I got good grades and passed the assignment. The assignment was overall good. I ordered i ...

flag User ID: 6***34 Canada

student rating student rating student rating student rating student rating
18 Jul 2021

Healthcare

Essay: 4 Pages, Deadline: 6 days

the revised version of the assignment was ok, based on the feedback for all the parts.

flag User ID: 5***77 Australia

student rating student rating student rating student rating student rating
18 Jul 2021

Nursing

Home Work: 4 Pages, Deadline: 4 days

My assignment always done on time sometime before the given time. MY ASSIGNMENT team is very responsive.

flag User ID: 4***34 United States

student rating student rating student rating student rating student rating
18 Jul 2021

Nursing

Assignment: 4.8 Pages, Deadline: 5 days

My Assignment was done very good. Good work and it was delivered on time. Very responsive.

flag User ID: 4***34 United States

student rating student rating student rating student rating student rating
18 Jul 2021

HRM

Thesis: 6 Pages, Deadline: 9 days

YOU WORKED HARD ON THIS ASSIGNMENT AND DID EXACTLY WHAT WAS ASKED. THANKS, AND I CAN'T WAIT FOR YOU TO DO WELL ON THE NEXT WORK.

flag User ID: 4***64 United States

student rating student rating student rating student rating student rating
19 Jul 2021

Mechanical Engineering

Assignment: 8 Pages, Deadline: 8 days

Passed my subject because of you. Thank you........................................................................

flag User ID: 2***76 Sydney, Australia

student rating student rating student rating student rating student rating
19 Jul 2021

Healthcare

Essay: 1 Page, Deadline: 17 days

Instructors comments on marking :



The depression rate has been increased by 31% among teenagers in America as a consequence of the excessive us ...

flag User ID: 6***41 Campbell River, Canada

student rating student rating student rating student rating student rating
19 Jul 2021

English

Assignment: 0 Pages, Deadline: 4 days

Grate job on my assignment. I got a 100 on it. thank you. I have two questions? 1)Whats The distance from Clarksville,TN to Dayton, Ohio? What's the ...

flag User ID: 7***74 United States

student rating student rating student rating student rating student rating
19 Jul 2021

Assignment

Essay: 5 Pages, Deadline: 6 days

Great job by an incredible organization that truly goes above and beyond to assist in any matter. I truly thank you again for your help.

flag User ID: 5***89 Hillsborough, United States

student rating student rating student rating student rating student rating
19 Jul 2021

Networking

Programming: 4 Pages, Deadline: 30 days

Very Good Team and they attend to you whenever u need them and make all the changes required as soon as possible.

flag User ID: 6***7 Brisbane, Australia

student rating student rating student rating student rating student rating
19 Jul 2021

It Write Up

Assignment: 4 Pages, Deadline: 16 days

This was short assignment but i was satisfied with the work. I got good grades and passed the assignment. The assignment was overall good. I ordered i ...

flag User ID: 6***34 Canada

student rating student rating student rating student rating student rating
18 Jul 2021

Healthcare

Essay: 4 Pages, Deadline: 6 days

the revised version of the assignment was ok, based on the feedback for all the parts.

flag User ID: 5***77 Australia

student rating student rating student rating student rating student rating
18 Jul 2021

Nursing

Home Work: 4 Pages, Deadline: 4 days

My assignment always done on time sometime before the given time. MY ASSIGNMENT team is very responsive.

flag User ID: 4***34 United States

student rating student rating student rating student rating student rating
18 Jul 2021

Nursing

Assignment: 4.8 Pages, Deadline: 5 days

My Assignment was done very good. Good work and it was delivered on time. Very responsive.

flag User ID: 4***34 United States

student rating student rating student rating student rating student rating
18 Jul 2021

HRM

Thesis: 6 Pages, Deadline: 9 days

YOU WORKED HARD ON THIS ASSIGNMENT AND DID EXACTLY WHAT WAS ASKED. THANKS, AND I CAN'T WAIT FOR YOU TO DO WELL ON THE NEXT WORK.

flag User ID: 4***64 United States

Order on the go!

Say hello to our new app

callback request mobile
Have any Query?