ECON6000
Word limit: 2,000 words
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 ; macroeconomic performance and social impact
(1,250 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.
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.
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
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”.
ECON6000 Assessment
Background
You are an independent business economist. The Reserve Bank of Australia and the Commonwealth
Government of Australia have approached you for your recommendations on whether the various
grants from the federal government as economic responses to COVID-19 would help revive the
Australian economy.
Task
You are required to mention all the grants. Assess in detail at least four federal government grants.
Compare these with similar grants offered in another country (which you may choose). You can
obtain the information from official or academic sources; a few of them are mentioned below. You
should obtain information from other sources in addition to the ones stated below.
(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).
(d) Treasury.gov.au
Report Structure
Executive summary (5 marks)
This section should include your essential findings and your key recommendations.
Macroeconomic performance (1,250 words): (25 marks)
a) Explain the current state of the Australian economy. Analyse how the growth of the Australian
economy has been affected by COVID-19. Analyse the impact of the four federal grants (you
have chosen) on the performance of the Australian economy. Use relevant statistical data,
graphs and diagrams to support your arguments. (10 marks)
b) Explain whether your chosen country has similar grants. Compare and contrast whether
Australia and your chosen country have benefitted from grants. Explain whether or not the
grants have affected aggregate demand and aggregate supply in Australia. Use relevant
statistical data, graphs and diagrams to support your arguments. (15 marks)
Conclusions and Recommendations (750 words): (10 marks)
What further recommendations would improve Australian economic growth, using the
macroeconomic concepts covered in this course? These recommendations should be in addition to
what has been discussed and should demonstrate your understanding of macroeconomic concepts.