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In her speech to the Australia-Israel Chamber of Commerce last year, Julia Gillard contrasted "the problems of Europe" with Australia's "position of strength in the world economy" (Editorial, Feb 2 2012, The Australian). However, in the editorial, the author identified several "fiscal policy weaknesses" of the Australian federal government. Fully examine the fiscal challenges facing Australia in the current domestic and international economic environments. Study the 2013 Federal Budget, and critically discuss if the Budget contains any effective strategies that address these challenges. Guide to topic 2 There are three aspects to the question: theory, application and policy. Firstly, you must show that you understand the theory, so a thorough reading of chapters 24, 25, 27 & 28 of the 6th or 7th edition of the textbook (or chapters 22, 24, 26 & 27 of the 5th edition) is required. Then you must do some research. This will entail reference to government publications (e.g. RBA, Treasury), journals and newspapers (e.g. AFR, The Australian) on more detailed analysis of the current issues you identified. As a starting point, read the editorial: "The Prime Minister's plan to build a new economy" (The Australian February 2, 2012). This article is available on the Blackboard unit site. Title of Essay Provide a title for your essay that indicates what you are trying to argue.
If the demand curve is much more inelastic than the supply curve, clarify whether buyers or sellers will shoulder more of the tax burden from a new tax placed on the sellers.
If you get this classmate as your partner on a series of projects throughout the year, rather than only once, Explain how might that change the outcome you predicted in part (b).
Indicate what the short-run price elasticity of demand for tires is 0.9. If a tire store raise the price of a tire from $50 to $60, by the price elasticity of demand.
Compute the point elasticity of demand at this TR-maximizing price also quantity. Does the elasticity have the expected value.
Describe how much the consumer plans to spend in each year and how much she borrows or lends in the first year.
Assume that HP is evaluating idea of placing a DC (Distribution Centre) in Europe. What are advantages and disadvantages to this model.
Do these countries experience diminishing returns to physical capital per workee. And technology are held fixed in each country, can you recommend a policy to generate a doubling of real GDP per capita in Albernia. Amount of human capital per work..
Illustrate what is the interest rate. Jack and Jill both obey the two-period fisher model of consumption.
Illustrate the effects of monetary policies on the economy's production and employment.
Illustrate what output would be produced, Illustrate what would total profits be also Illustrate what rate of return would the firm earn in its asset base.
utilizes the Keynesian cross to predict the impact on equilibrium GDP of equal-sized rise in both the government purchases also taxes
Consider the general equilibrium model on local public goods that we discussed in class. We found that the optimal population size
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