Value 30% XXXXXXXXXXEngineering Economics and Finance Spring 2020Assessment one – Group Economic...

Question

Value
30%
XXXXXXXXXXEngineering Economics and Finance
Spring 2020
Assessment one – Group Economic Report
Due Date
4 September XXXXXXXXXX:59pm

Description
In a group of three, choose two countries. Compare and analyse two macroeconomic factors
that have been impacted due to significant global or domestic changes, within the last 50 years.
Describe and contrast a measure each country took to impact these factors in the last 50 years.
Include a reflection on how your engineering major as an industry may play a role within one of
the chosen countries economic environments. You should focus the reflection on a
macroeconomic change and how they may impact or have impacted those in your industry at a
microeconomic level. For this, focus on one specific macro and micro factor and the relationship
etween.

Deliverable
Provide this information in a maximum 10 page report, including images and graphs. An
additional page may be used for references. The format for this report would suit a similar style
to journals or information
ochures. You are encouraged to find and use an appropriate
template for your formatting.

Audience
Your reader understands fundamental economic concepts and they do not need to be
explained. Your focus should be covering what is asked in the description in a tone suitable for
those familiar with economics and global markets. The reader does not know what occu
ed in
your chosen countries although it can be assumed they understand the significance of the
changes and other global events, such as tariffs or the GFC. It should be interesting and
informative for the reader while remaining in a professional tone.

Submission
Include your names and student numbers somewhere visible on the first page. Submission via
Turnitin and it will be checked for plagiarism.

Referencing
References must be included. You may use your prefe
ed referencing style consistently.
Notes
I encourage you to focus primarily on government published information or scholarly articles and
journals. Articles and other online sources should be used sparingly.

Marks
Marks are given for content, presentation and referencing.

Macroeconomic Factors (Not exhaustive and you may choose your own)

● GDP
● Employment rate
● Business cycle
● Inflation
● Rate of money
● Government debt

EEF Assignment 1 Marking Guidelines
48250 EEF Assignment 1 Marking Guidelines

Background – Macroeconomic Factors XXXXXXXXXX10 Marks
 Selected and described two macroeconomic factors.
 Described significant global/domestic changes in the selected countries
for the last 50 years.
 Clear understanding of impacts of these changes on those
macroeconomic factors with respect to countries.
 Compared and analysed the chosen factors between selected
countries.
1
2
4
3
Relevant Measure XXXXXXXXXX8 Marks
 Identified and explained a measure(s) each country took to impact
those factors in response to the global/domestic changes
 Clear comparison between countries
5
3
Microeconomic level XXXXXXXXXX10 Marks
 Clearly identified industry relevant to engineering major(s)
 Discussion of the (past/present/future) impacts of the macroeconomic
changes and the measure(s) the country took on the industry
 Explained a relationship between one specific macro and micro
economic factors in relation to the industry
1
5
4
 Referencing and Presentation

2
UTS Marking Schema
HD Work of outstanding quality on all objectives
D Work of superior quality on all objectives
C Work of good quality showing more than satisfactory achievement on all objectives
P Work showing a satisfactory achievement on all objectives
X Work showing an unsatisfactory achievement on one or more objectives

48250-eef-assessment-task-1-vgsdnwif.pdf 48250-eef-assignment-1-marking-guidelines-e5jxixki.pdf

Komalavalli · Accepted Answer

Contents
Background- Macroeconomic Factors	3
Gross Domestic Product (GDP)	3
Business Cycle	3
Discussion about GDP Per capita growth rate	4
Australia	4
CHINA	5
Discussion about Business Cycle	6
Australia Growth rate in per cent	6
China Growth rate in per cent	6
Relevant Measure	7
Relationship between one specific macro and micro economic factors	8
References	9
Background- Macroeconomic Factors 
Factors: Two macroeconomic indicators I have selected to explain about the two countries are Australia and China were Business cycle and Gross Domestic Product (GDP) 
Gross Domestic Product (GDP)
Gross domestic product (GDP) is defined as measuring the value of total goods and services produced in the production in a particular year. GDP tracks the health of the nation’s economy; it tells whether a nation in the phase of recession or peak of business cycle. Countries report their GDP to analysis or check whether they are improving their standard of living by comparing across the countries.
Business Cycle
Business cycles are a type of fluctuation found in Aggregate economic activity. There are four stages in business cycle they are boom, recession, depression  and recovery .During recession stage economy will suffer from high unemployment due lack of aggregate demand which lead to decrease the business activities in the economy. Business cycle indicates Firm will invest more during recovery and boom stage of business cycle. They contract their investment during recession and depression stage of business cycle.
Discussion about GDP Per capita growth rate 
Australia
Source : world bank
Above Australia Real Gross Domestic Product graph for the past fifty years from 1969 to 2019 shows an upward trend. This upward trend of Real GDP indicates that the Australia’s standard of living was increased over the past 50 years.
CHINA
Source : world bank
Above China Real Gross Domestic Product graph for the past fifty years indicates there is low Real GDP during 1969 to 1989, after industrialization China Real GDP shows an increasing trend from 1990 to 2019. This indicates China experienced Low standard of living for first 20 years from 1969 to 1989, after that China standard of living started to rise. If we compare the Real GDP between China and Australia, it is clear that china standard of living was low compared to Australia.
Discussion about Business Cycle
Australia Growth rate in per cent
Source : world bank
From above growth graph it is clear that Australia was suffered from three downturns in the past 50 years (1969 to 2019).In 1982-1983 Australia was suffered from deep downturn it experienced negative growth rate between -4 to -3 percent, in 1990-1992 it experienced a growth rate between -1 to -2 per cent and in 2008 global financial crisis it experienced growth rate between 0 to 0.5 per cent. By comparing past crisis Australia suffered deeply during 1982-1983 which is post war recession period.
China Growth rate in per cent
Source : world bank
From above growth graph it is clear that China was suffered from three downturns in the past 50 years (1969 to 2019).In 1976-1977 China was suffered from deep downturn it experienced negative growth rate. China experienced boom of 15 percent growth rate during 1969 to 1970, during global financial crisis 2008 china experienced a growth rate of 10 to 15 per cent.
By comparing Business cycle factor between Australia and China we can say that Australia experienced more recession compared china for the past 50 years.

Value 30% XXXXXXXXXXEngineering Economics and Finance Spring 2020 Assessment one – Group Economic Report Due Date 4 September XXXXXXXXXX:59pm Description In a group of three, choose two countries....

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