Following are the questions:
Topic: Evaluation of Macroeconomic performance of Australia and USA.
Task Details: Students will complete a research-based analysis and evaluation of the macroeconomic performance of Australia 1990 to 2015/16.
(1) Obtain data on key macroeconomic indicators: real GDP growth, interest rates (Cash rate), unemployment rate, consumer price index (CPI), exchange rates, and exports and imports.
2) Discuss the relationship between Australia's real GDP growth rate and inflation rate, and real GDP growth rate and unemployment rate. Is there evidence of the business cycle? Illustrate your discussion with summary statistics and pairwise graphs of real GDP growth rate - inflation rate, and real GDP growth rate - unemployment rate.
Research requirements:
Students need to support their analysis with a minimum of 10 academic journal articles plus the text. Students aiming for a Credit or higher grade will need to use more sources. Articles should be relevant and recent. Non-academic journal sources may also may be used, but relevance and validity should be clarified with the lecturer/tutor.