ContextYour topic will be an ongoing issue that affects the Australian economy from a Macroeconomic perspective. You are required to identify,discuss and analyse the core macroeconomic contents and...

ContextYour topic will be an ongoing issue that affects the Australian economy from a Macroeconomic perspective. You are required to identify,discuss and analyse the core macroeconomic contents and write a report covering all the relevant concepts discussed in class. Your focuswill purely touch the macroeconomic environment to address the issue. Your reportshould have sound academic references (minimum 6 references); your references cannot be from blogs. The purpose of this assignmentis to test• your understanding of the basic and core Macroeconomic concepts besides,• your ability to analyse and apply the core concepts to the current issues affecting the Australian economy from a Macroeconomicperspective• your ability to use relevant theories and diagrams to support your answer


ECON6000 Assessment 2 Report – T2 2020 Word limit: 2,500 words Due date: End of Week 10 (Module 5) – Sunday 11:59pm (AEST) Weighting: 40% Report guidelines. Please read the instructions carefully and then answer the questions.  Cover page – ensure you include your name, student number and word count.  Table of Contents (use the Word automatically generated table of contents).  Body of report with answers to each question, including headings for each question and part of question: executive summary (250 words); macroeconomic performance and social impact (1,500 words); conclusions and recommendation (750 words).  References: when you use another person’s wording or another person’s idea, statistical data or any other information taken from any other source, you need to include an in-text citation and then provide the full reference in the Reference List. Torren’s online referencing guide: https://library.torrens.edu.au/academicskills/apa/tool  Ensure that your report contains a minimum of 15 academic references (standard government websites are accepted; blogs may not be used to support your answer).  Use APA 6 reference style.  Use a minimum 11 point font.  Use page numbers.  Appendices (only if required). The weight on the marks is evenly distributed, but we mark according to the rubric, which is:  Knowledge and understanding of the core areas of macroeconomics (30%)  Critical reasoning, defence of argument and clear display of understanding of relevant macroeconomic concepts (25%)  Analysis and Application (25%)  Quality of the answers with application of new macroeconomic concepts (10%)  Managing time and purpose of the assessment (10%) Table of Contents Ensure you use the Word automatic table of contents with style guides. Guide to constructing a Table of Contents: https://learning.linkedin.com/blog/design-tips/the-wicked-easy-way-to-create-a- table-of-contents-in-word Guide to using heading styles: https://support.microsoft.com/en-us/office/add-a-heading- 3eb8b917-56dc-4a17-891a-a026b2c790f2?ui=en-us&rs=en-us&ad=us Page numbers Page numbering starts after the table of contents (i.e. page 1 will contain your first answer). You should not have a page number on your covering page. Your table of contents page should have the roman numeral “i”. Guide to page numbering: https://support.office.com/en-us/article/Start-page-numberinglater- in-your-document-c73e3d55-d722-4bd0-886e-0b0bd0eb3f02 https://learning.linkedin.com/blog/design-tips/the-wicked-easy-way-to-create-a-table-of-contents-in-word https://learning.linkedin.com/blog/design-tips/the-wicked-easy-way-to-create-a-table-of-contents-in-word https://support.microsoft.com/en-us/office/add-a-heading-3eb8b917-56dc-4a17-891a-a026b2c790f2?ui=en-us&rs=en-us&ad=us https://support.microsoft.com/en-us/office/add-a-heading-3eb8b917-56dc-4a17-891a-a026b2c790f2?ui=en-us&rs=en-us&ad=us ECON6000 Assessment 2 Report – T2 2020 Background You are an independent economic consultant. The Commonwealth Government of Australia has asked for your recommendations that will help prevent an economic slowdown as a consequence to COVID-19 quarantine restrictions. Task You are required to assess the performance of the Australian economy and compare with the economic profile of another country. Your report should incorporate the most recent data. You can obtain the required data from the sources mentioned below. Data Primary data sources: (a) Australian Bureau of Statistics (b) Reserve Bank of Australia (c) Multinational agencies (e.g. the World Bank, the United Nations, the International Monetary Fund, or the OECD). Report Structure Executive summary (250 words): (5 marks) This section should focus on the essential findings and your key recommendations. Macroeconomic performance and social impact (1,500 words): (25 marks) a) Assess the overall performance of the Australian economy by providing a detailed discussion on the relevant macroeconomic indicators. Highlight how the development of Australian economy has been affected. Explain how long it will take for the Australian economy to recover. You must use the relevant statistical data, graphs or diagrams to support your arguments (10 marks) b) Choose your home country (or a country of your choice) for this section. Compare and contrast how Australia and your home country have applied macroeconomic policies to minimise the negative impact of COVID-19 on their economies. How effective has it been? Your focus must be on the steps taken by the TWO countries to manage the economic activities and not to control the spread of COVID19 (15 marks) Conclusions and Recommendation (750 words): (10 marks) What are your recommendations to ensure that these macroeconomic policy measures work successfully for Australia? Discuss any recommendations that could help revive the Australian economy as quickly as possible. End of Assignment &&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&