Assessment Range and Conditions:
This task should be completed in Microsoft Word and uploaded to eLearn. All information should be in text either Harvard Style or APA for each question and in a correctly formatted reference list at the end.
Assessment Criteria:
To achieve a Satisfactory result, your assessor will be looking for your ability to demonstrate the key skills/tasks/knowledge detailed in the Assessment Task to industry standard.
- Apply Economic Principles and Theories
- Evaluate Economic Aspects that apply to decision making
- Maintain personal understanding of economic principles
Assessment Task Instructions for Students
- Answer all questions where specified
- This is an individual assignment.
- Ensure referencing is correctly done both in text and on the reference list ( Harvard or APA)
Task: Macroeconomics Theories And Scenarios Assignment
Question 1 (100 words)
(a)Outline 3 factors that cause movements in the Australian dollar. Name them and explain why they impact the Australian Dollar
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(b) Explain how movements in the exchange rate can affect the profitability of Australian businesses that import or export products.
(c) Research the term “ foreign exchange hedging” and explain how this can assist Australian businesses that engage in foreign trade.Provide a link to a media article and put the article at the end of this word document about a business using foreign exchange hedging and write a paragraph about how and why they have used this hedging.
Question 2 ( 100-200 words)
The role of interest rates to manage price levels, economic growth and employment.
a)How are the levels of price changes measured in the economy?Give a brief explanation of how this measurement works.
How is the level of economic growth measured?Give a brief explanation of how this measurement works.
How is the unemployment level measured? Give a brief explanation of how this measurement works.
b)What would be the impact on interest rates caused by expansionary and contractionary Monetary Policy actions of the Reserve Bank ?
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c)Draw AD-AS diagrams to show the impact of expansionary and contractionary monetary policy on aggregate demand, economic growth, unemployment and price levels.
Question 3: Macroeconomics Theories And Scenarios Assignment-Canberra Institute of Technology Australia
Fiscal policy involves government spending and taxation. (100words)
After the Global Financial Crisis, the government (a) used a stimulus package whereby $900 was given to households to spend and (b) embarked on large spending campaigns in the education sector.
What was the purpose of this spending and what was the intended impact on the economy? You should include the multiplier concept in your response together with relevant diagrams.
To which economic theory does this economic strategy relate?
Question 4- Unemployment (100 words)
The unemployment rate in February 2018 was 5.5%.
Based on the definitions of the measurement of unemployment rate, do you think this is an accurate measure of unemployment in the economy? Why or why not? Ensure you discuss discouraged workers, casual and part time work, and those who say they are looking for a job but are not really.
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