ECON6000 Economics Principles and Decision Making- a reputed organisation

39 Pages

Intermediate Input Tariffs

TMA05 Student name: Student ID number: Name of tutor: Word count: Ihereby declare that this assignment ismy own work and that Ihave not copied material from other sources without referencing the ...

Course

N100

Subject

Economics

University

University of the West of England

Season

Fall

6 Pages

HRM303 Labor Management Relations

Course

HRM303

Type

Assignment

Subject

Economics

University

Post University

45 Pages

BADM735 Compartive Economics

Course

BADM735

Type

Programming

Subject

Economics

University

University of the Cumberlands

Season

Fall

ECON6000 Economics Principles and Decision Making

Question

Answered

Task:

You are a reputed Business Economist working for a reputed organisation. You are required to analyse the following aspects and submit your report:

1) Do you think that the government expenditure and tax cuts will be sufficient to help revive the tourism sector and aviation in the process? With many people working from home and with international borders remaining closed, stress levels are on the rise for many who are unable to travel. Given the current circumstance of border restrictions in the country, do you believe that domestic tourism will pick up? How does it affect the macro economy in terms of Aggregate Demand (AD) and Aggregate Supply (AS)? Explain your views clearly with appropriate diagrams to support your answer.

2) The Reserve Bank of Australia (RBA) is keen on reducing the unemployment to 4.5%; RBA would also like to see an increase in inflation to 2-3% from the current 1.1% How do you suggest we could revive the macro economy given the repercussion from border restrictions and lockdowns in every state? Use recent data to support your answer; your data cannot be over 5 years old.

3) Do you think that a further A$1.9 billion investment in vaccine rollout would help save the tourism sector? If states impose tough entry laws, how do you suggest that domestic tourism could revive given that they are also hotspots for tourism industry? Further, what are your views on keeping borders closed – is it boon or a bane to the tourism and aviation industry in Australia given that tourism constitutes a good part of injection into the circular flow? Use any recent data to support your answer. Your data cannot be over 5 years old.

ECON6000 Economics Principles and Decision Making

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