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L101 Economics

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  • Course Code: L101
  • University: Brunel University London
  • Country: United Kingdom

Question:

Task

On February 20 this year, the International Monetary Fund (IMF) stated that "wage growth is weak and inflation is below its target range" for the Australian economy.

What risks does a slow growth rate in wages pose to the Australian economy, and why are economists and governments so eager to see a general rise in wages for everyone?

The following theories in Macroeconomics (amongst others) may be used to analyse this topic:

• Aggregate Demand and Aggregate Supply
• Unemployment
• Inflation
• The RBA

Use of graphs and diagrams in your essay will display your understanding and ability to analyse a highly topical issue in Macroeconomics. When incorporating graphs into your essay, please adopt the following three criteria:
• original (not a screenshot from text) incorporating labels;
• correctly applied; and
• adds to your analysis

Format: Essay

References: Minimum 10-12 recent references
Style: Harvard Referencing
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