Assessment 2- Report: Macroeconomics – ECON6000 Word limit: 2500 words Date due: 08th August 2021 (Sunday), 11:55pm AEST Weighting: 40%
Business report guidelines
• Covering page – ensure you include your name, Student ID and word count.
• Executive summary.
• Table of Contents (use the Word automatically generated table of contents).
• Body of report with answers to each of your questions, including headings for each question and part of question.
• References: when you use another person’s wording or another person’s idea you need to include an in-text or embedded reference and then include the full reference in the Reference List. Refer to the library’s online referencing guide: https://library.torrens.edu.au/academicskills/apa/tool
• Ensure that your report contains a minimum of six academic references (standard websites are accepted; blogs are not to be used to support your answer).
• Use APA 7th edition reference style; check TUA library website for APA 7th edition.
• Use a minimum 11 point font.
• Use page numbers.
• Appendices (only if required).
The weighting on the marks are evenly distributed, but we mark according to the rubric, which is:
• Effective explanation of the concepts covered to demonstrate understanding and knowledge of the core areas of Macroeconomics (30%)
• Application of core concepts (25%)
• Quality of the answers (20%)
• Managing Time (25%)
Table of Contents
Ensure you use the Word automatic table of contents with style guides.
Guide to constructing a Table of Contents: https://learning.linkedin.com/blog/designtips/the-wicked-easy-way-to-create-a-table-of-contents-in-word
Guide to using heading styles: https://support.office.com/en-us/article/add-a-heading3eb8b917-56dc-4a17-891a-a026b2c790f2
Page numbering starts after the table of contents (i.e. page 1 will contain your first answer).
You should not have a page number on your covering page.
Your table of contents page should have the roman numeral “i”.
Guide to page numbering: https://support.office.com/en-us/article/Start-page-numberinglater-in-your-document-c73e3d55-d722-4bd0-886e-0b0bd0eb3f02
The Federal Budget 2021 has the following to offer:
1) An extra A$7.8 billion in tax cuts for low and middle income earners, where individuals would receive A$1080 approximately, and couples will receive A$2160 approximately
2) Personal tax cuts that will flow to the households will be worth A$25.1 billion
3) Government is planning to invest approximately A$1.2billion in aviation and tourism package
You are a reputed Business Economist working for a reputed organisation. You are required to analyse the following aspects and submit your report:
1) Do you think that the government expenditure and tax cuts will be sufficient to help revive the tourism sector and aviation in the process? With many people working from home and with international borders remaining closed, stress levels are on the rise for many who are unable to travel. Given the current circumstance of border restrictions in the country, do you believe that domestic tourism will pick up? How does it affect the macro economy in terms of Aggregate Demand (AD) and Aggregate Supply (AS)? Explain your views clearly with appropriate diagrams to support your answer.
2) The Reserve Bank of Australia (RBA) is keen on reducing the unemployment to
4.5%; RBA would also like to see an increase in inflation to 2-3% from the current 1.1% How do you suggest we could revive the macro economy given the repercussion from border restrictions and lockdowns in every state? Use recent data to support your answer; your data cannot be over 5 years old.
3) Do you think that a further A$1.9 billion investment in vaccine rollout would help save the tourism sector? If states impose tough entry laws, how do you suggest that domestic tourism could revive given that they are also hotspots for tourism industry? Further, what are your views on keeping borders closed – is it boon or a bane to the tourism and aviation industry in Australia given that tourism constitutes a good part of injection into the circular flow? Use any recent data to support your answer. Your data cannot be over 5 years old.