TRIMESTER 1
BUS700 MACROECONOMICS: INDIVIDUAL ASSIGNMENT
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There are three questions. All three questions must be answered. The response needs to be developed into a professionally presented report of 2500 +(-) 10% words.
Students shall collect own data and generate own graphs and tables required necessary for completing this assignment.
Cut and paste or downloaded graphs and tables from another author’s work will be penalised.
The raw data and their source must be included as an appendix to the report.
Data sources include:
- Australian Bureau of Statistics (ABS)
- Reserve Bank of Australia (RBA)
- The International Monetary Fund (IMF)
- World Development Indicators (WDI)
Marking Criteria
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Question 1 [6 marks]
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Word Limit: 500 words
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Table 1: GDP Data for Countries A and B
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Country A
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Country B
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$billions
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$billions
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Household Consumption
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150
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150
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Government Purchases
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250
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250
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Transfer payments
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50
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60
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Total Gross Fixed Capital Expenditures
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50
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150
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Change in Inventories
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50
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-50
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Exports
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40
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40
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Imports
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20
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20
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Consider the data in table 1 for two countries: A and B.
- Calculate the GDP for both countries.
- Discuss the usefulness of these data in deciding which, if any, of these two countries is likely to be experiencing an economic recession.
Question 2 [12 marks] Word Limit: 1000 words
Obtain Australia`s real GDP and CPI data from 1980 to 2015. Calculate the annual growth rates of real GDP and inflation and graph both series together. Is/are there some interesting or salient relationship(s) between those two series? Provide and discuss plausible economic explanation(s), including change in economic events and change in government policy, for the relationship(s) you identified.
Question 3 [12 marks] Word Limit: 1000 words
Obtain Australia`s real GDP and unemployment data from 1980 to 2015. Calculate the growth rates of real GDP and unemployment and graph both series together. Is/are there some interesting or salient relationship(s) between those two series? Provide and discuss plausible economic explanation(s), including change in economic events and change in government policy, for the relationship(s) you identified.
END OF BUS700 T116 INDIVIDUAL ASSIGNMENT
