| Weighting | 12% |
| Word limit | 200 words and 2-3 minutes (10% up or down). |
| Total marks | 12 |
| Submission | Course Website only |
| Extension | Maximum 7 days |
| Late Penalty | 10% per calendar day |
| Topics Assessed | 8 and 9 |
| Reference1 | UniSA Harvard Style |
AIMS
The purpose of this task is to provide you the opportunity to practice and demonstrate your
understanding of the macroeconomic concepts you have learned in the course topics 8 and 9.
As a professional in the workplace discussing economics, you will often be called upon to
present explanations orally and visually to a group. Therefore, in this assessment, you will be
asked to create a video in which you narrate a presentation of macroeconomic concepts and
then submit your slides.
COURSE OBJECTIVES
These course learning objectives are covered by the assignment.
CO1. Describe and utilise the fundamental tools, methods and language of economics to analyse
resource allocation issues
CO4. Identify the limitations of the market mechanism and analyse the role of government in affecting
markets and decision-making in the general economy
CO5. Apply economic principles and concepts to analyse business cycles and monetary and fiscal
policy in an open macroeconomy, and to demonstrate the significance of trade and globalisation.
| Components | Course
Objectives | Weighting | Due date | Individual or
pairs | Details | Submission
process |
| 1b | 1,4,5 | 12% | 1st November | Individual | 250 words | Gradebook |
TASK DESCRIPTION
Overview
Create a narrated (by you) video using MS PowerPoint that explains and illustrates the
impacts that the COVID-19 pandemic and horrendous bushfires of 2019/2020 have had on
the Australian economy.
You will do so by comparing the three main macro-economic indicators – GDP growth,
inflation and unemployment – in June 2020 to a point in time prior to the pandemic and
1 Failure to cite properly is evidence of academic misconduct and will result in marks being deducted.
bushfires (pre-July 2019), then you will illustrate and explain the impacts using the AD-AS
model. Provide references that support your work and submit your slides and a link to your
video for marking.
Suggested procedure
1. Visit the Snapshop Comparison tool on the Reserve Bank of Australia website:.
https://www.rba.gov.au/education/resources/digital-interactives/snapshotcomparison/>
2. Compare key ecnomic indicators - GDP growth, inflation and umeployment rate in June
2020 to any month and year prior to July 2019.
3. Create a narrated (by you) video, approximately two to three minutes in length,using
MS PowerPoint* https://www.youtube.com/watch?v=Wcfm1wdPQbE The video
should include the following:
a. A comparison of the key economic indicators in June 2020 to a month and
year prior to July 2019.
b. A graph using the AD-AS model that illustrates the impacts of the bushfires
and the COVID-19 pandemic on GDP, unemployment and price level. Use the
drawing tools in MS PowerPoint to create your graph.
https://www.youtube.com/watch?v=L4TPfHitbKI
c. References to support your explanations on the last slide of your presentation.
4. Before recording your video, present your slides to someone who is not familiar with
economics or macroeconomic theory. If they understand what you’re presenting,
you’re on the right track.
5. Upload your video to YouTube as an unlisted video
https://www.youtube.com/watch?v=dNnVJQLrelM
6. Submit your PPT slides with references and a link to your video to the submission
tool on the course website.
Marking criteria
Ability to provide succinct, effective definitions of the three main macroeconomic indicators
in such a way that someone with little to no familiarity with them will understand what they
are and their influence on the economy
• Clarity and accuracy of your comparing the points in time
• Clarity and accuracy of your explanation of the graph and elements
• Clarity and accuracy of how and why the bushfires and COVID-19 impacted the three
key economic indicators
• Presentation skills
• References provided for your definitions, etc. are from credible, academically
appropriate resources
* The purpose of asking you to use MS PowerPoint is that it is freely available to all UniSA
students and Microsoft products are widely used by commercial and government
organisations in Australia, so gaining some proficiency in their use will benefit you in future.