The government’s stimulus program (Jobkeepers, Jobseekers) has ended, Australian Bureau of Statistics (ABS) revealing this year’s economy’s production of goods and services (GDP) – rebounding by 3.4 per cent, is this sustainable?
Topic:
Given the above statement: Your manager has asked you firstly, assess the key Macroeconomic Variables and their relevant factors, and then secondly, apply them (the key macroeconomic variables) to the AD/AS Model to determine which phase the Australian economy is in, and then finally comment on the key macroeconomic indicators. (You must follow the above sequence of approach)
Requirements:
Write an individual memo of about 400-500 words (2 pages excluding the reference list) to brief your manager on the current Australian economy, including the AD/AS Model (in ‘word’ document,
2 pages, excluding the reference list, font size 12 with 1.5 line spacing). The memo should includefive sections (headings) namely ‘Overview’, ‘the key economic variables’; ‘the AD/AS Model’; ‘the key economic indicators’; and the ‘conclusion’. Referencing and citation are essential.
CONTENT & ANALYSIS (5 marks)
Analysis is clear and logically structured:
- Current economic situation in Australia is clearly outlined and explained using macroeconomic variables, framework(s) [AE Model, AD/AS Model] and economic indicators.
- Demonstrated awareness of relevant concepts, framework and issues in the analysis.
- Critical engagement with appropriate and relevant literature in the analysis
LANGUAGE (5 marks)
The writing is well expressed; it is comprehensible and coherent throughout. There are no or very few grammatical errors, and vocabulary is appropriate to the context. The sentences and paragraphs have a logical flow and are clearly linked.
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