This assessment task requires you to write an essay that demonstrates your theoretical and… 1 answer below »

Objectives
This assessment item relates to course learning outcomes 1 and 4 as listed in the
unit profile.
Assignment Overview
This assessment task requires you to write an essay that demonstrates your
theoretical and applied knowledge relating to the macro economy and monetary policy.
It focuses on the macroeconomic section of the unit and builds on the economic
fundamentals that you learnt in the first half of the term. You will need a sound
understanding of the GDP, economic growth, business cycle, unemployment, inflation,
and macroeconomic stabilisation monetary policy. In this essay, you will refer to the
chapters outlined in the prescribed text book, relevant journal articles, and relevant
reports of the Australian government websites including the Reserve Bank of Australia
(RBA). The purpose of this assessment is to develop skills in interpreting current
macroeconomic indicators, analysing RBA functions and role of monetary policy
management, its strengths, weaknesses and its implications on consumption,
investment, government expenditure, housing market and the wider economy.