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Please note: Copies of student work may be retained by the University in order to facilitate quality assurance of assessment processes.AssessmentForm of Assessment%Assessment 1Project20%Assessment...

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Please note: Copies of student work may be retained by the University in order to facilitate quality assurance of assessment processes.AssessmentForm of Assessment%Assessment 1Project20%Assessment 2Quiz25%Assessment 3Exam55%TOTAL100%Assessment 1Project - Research projectTopicAssessment 1Length2000 wordsWeighting20%Due Date16 Oct 2019 (In lecture in Trimester 3 Week 8) Final submission time: 12:00amType of CollaborationIndividual assessmentMarking CriteriaThe case study will demonstrate the following learning outcomes and UOW graduate Quality(s);1. Demonstrated research effort [which involves theoretical knowledge (informed) and skills to propose solutions (problem solver) to a given economic problem, conducting a professionally focused research project (innovative and flexible)].2. Capacity to answer the question [ability to communicate via written skills (effective communicator)].3. Demonstrated understanding of subject matter [ability to reflect on performance and feedback to identify learning opportunities (informed)].4. Original insight of student [ability to exercise judgement to propose solutions to the case (innovative and flexible)].Mark allocated: critical analysis (1 and 2) 60%; research depth (2 and 4) 20%; written presentation (2) 10%; and reference (3) 10%. More information will be provided via moodle.Style and FormatBusiness report format is expected. Please use UOW Assignment Cover Page.Use ONLY 1.5-line spacing; font Times New Roman; font size 12; 2.5 cm margin on all sides. Please include the following information: name, student ID, class.Answer all five (5) questions in the assignment published in Moodle. Use appropriate word limit for each question and indicate the number of words under each question. At least five (5) relevant references are required regarding the issue featured in your allocated topic.This assignment is marked out of 100 and is worth 20 per cent of overall marks.Assessment SubmissionOnline Via MoodleThis assessment has been set up to be checked by Turnitin, a tool which helps you check whether you have referenced correctly. You can submit your assessment task to Turnitin prior to the due date and Turnitin will give you an originality report. You may then make any changes that may be required and resubmit your final version by the due date.Assessment ReturnMarked assignments will be returned to students in tutorials in Week 10.ECON910 Subject Outline Trimester 3, 2019 Wollongong On Campus Page 8 of 16Detailed InformationAssignment 1: Research ReportRead the article titled “Interest rates can’t do it all for economy, BIS warns” (Australian Financial Review, 30 June, 2019, uploaded to Moodle), and answer the following questions:(a) Download the data Gross domestic product: Chain volume measures - Percentage changes (quarterly data) from the Australian Bureau of Statistics for the period 1990Q1 to 2019Q1. Plot the quarterly GDP growth rate over this period. Explain your data plot. Specifically, when did Australia experience a recession? The technical definition of a recession is when the quarterly GDP growth rate is negative for two consecutive quarters.(10 marks; 5 marks for data plot and 5 marks for your explanation)Hint: The website can be found below and download the data for key national accounts aggregates.https://www.abs.gov.au/AUSSTATS/[email protected]/DetailsPage/5206.0Mar%202019?O penDocument(b) Download the quarterly data Consumer price index; Year-ended change (in per cent) from the Reserve Bank of Australia for the period 1990Q1 to 2019Q1. Plot the quarterly inflation rate over this period. Explain your data plot. What can be said about the inflation rate in the last decade? What is a possible explanation for this observed pattern in inflation rate?(10 marks; 5 marks for data plot and 5 marks for your explanation)Hint: https://www.rba.gov.au/inflation/measures-cpi.html Click on historical series and explanatory notes to obtain a plethora of inflation related data in an excel file.(c) Based on your data plots in parts (a) and (b), provide reasons for the RBA’s move to cut interest rate. Do you agree or disagree with the adopted expansionary monetary policy? In particular, explain the effectiveness of a cut in interest rate on boosting aggregate demand (i.e. consumption, investment and exports). Explain. (15 marks)(d) Summarise the arguments presented in the article. What are the concerns associated with a decade of extraordinarily low interest rates for many economies around the world? Your summary should be less than 200 words. (10 marks)(e) State and explain two current macroeconomic challenges facing the Australian economy. What policy recommendations will you propose to alleviate these challenges? (15 marks)Marking Guide: Please refer to the marking guide for marking criteria and question weights.Content based on parts (a) to (e) 60 marks Written presentation 15 marks References 10 marks Extent of research 15 marksWord Limit: 2000 words maximum. Word count (excluding references) must be provided.Submission Instructions: Submit your report in Week 8 online Via Moodle. In addition to the online submission, hand in your hard copy of the assignment to the lecturer in class on or before Week 8 of Trimester 3. Assessed work submitted late will be penalised by the deduction of 10 per cent of the maximum possible mark for that assessment per working day or part thereof. The operation of this rule will not result in a negative mark being carried forward.Reading: Refer to the article made available on Moodle.
Answered Same Day Oct 14, 2021

Solution

Soma answered on Oct 19 2021
128 Votes
GDP_ chain volume measure
                                https:
www.abs.gov.au/AUSSTATS/[email protected]/viewcontent?readform&view=productsbyCatalogue&Action=expandwithheader&Num=1
                Gross domestic product: Chain volume measures - Percentage changes ;
            Unit    Percent
            Series Type    Trend
            Data Type    DERIVED
            Frequency    Quarte
            Collection Month
ABS: Refers to series collected at quarterly and lesser frequencies only.
Indicates which month in the collection period the data refers to.    3
            Series Start    Dec-1959
            Series End    Jun-2019
            No. Obs    239
            Series...
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