Assignment Task

Topic:

Given the above statement: Your manager has asked you to brief him on the current macroeconomic situation in Australia. He/She states that you MUST firstly, assess the key Macroeconomic Variables and their relevant factors, and then secondly, apply them (the key macroeconomic variables) to the AD/AS Model to determine which phase the current Australian economy is in, and then finally comment on the key macroeconomic indicators.

Content & Analysis

Analysis is clear and logically structured as per the instruction:

a. Current economic situation in Australia is clearly outlined and explained using macroeconomic variables, framework(s) [AE Model, AD/AS Model] and economic indicators.

b. Using macroeconomic frameworks, analyse and forecast of the economic situation are logically deduced and argued based on the analysis of the current economic situation.

c. Demonstrated awareness of relevant concepts and issues in the analysis and able to follow the instruction’s approach.

d. Critical engagement with appropriate and relevant literature provided in the analysis.