Global finance crisis, Business Economics

Australia has emerged from the Global Finance Crisis (GFC) as "the strongest economy in the developed world" (Editorial, The Australian, 11 December 2009). The economic editor of The Australian, however, sounded a cautionary note, drawing our attention to the challenges facing the Australian economy in the short to medium term.  With the help of appropriate economic models critically analyse the 2011 federal budget, and discuss the extent to which the Labor government has successfully tackled these challenges. What would be your policy recommendations to the government and RBA if the Australian economy is to maintain steady economic growth with low unemployment and inflation?

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 edition 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 identified in the Editorial. Regarding policy implications, there is no right or wrong answer. As a starting point, read an article by Michael Stutchbury: "Policy fails to keep up with boom" (The Australian February 22, 2011). This article and the editorial are both available on the Blackboard unit site.

Posted Date: 3/2/2013 6:40:03 AM | Location : United States







Related Discussions:- Global finance crisis, Assignment Help, Ask Question on Global finance crisis, Get Answer, Expert's Help, Global finance crisis Discussions

Write discussion on Global finance crisis
Your posts are moderated
Related Questions
Are international capital flows a problem? Problem: Capital flows can have an adverse outcome onto: a. Balance of payments (BoP): Shortly term capital inflows can be like:

QUESTION (a) Senior executives of the public sector are now faced with the challenging task of evaluating ‘e-Government' projects. Discuss the main character features involved

QUESTION Case Study E -HR Strategy: An Electronic (E) Human Resource (HR) Strategy is attainable by small and medium sized business 1. Introduction This article is

Describe situations wherein an IS project may need or wish to use subcontractors. Purposes for using subcontractors include: a. Lack of resources or skills: The organisation

What is development process? Development process: Development is measured through outcomes that are development occurs while key indicators of human well-being enhance. Th

QUESTION (a) Distinguish between monetary and fiscal policy, giving examples where appropriate. (b) Discuss how fiscal and monetary policies might be used by a government du

a. Describe the industry within which your business will be located and describe at least three recent trends in that industry. Note: This information and item b. following may b

various approaches followed by FMCG companies in test marketing

1. (classical monopoly pricing) A monopolist faces a demand curve q (p) = 100   p: (a) If its cost function is C (q) = 2q; what is the optimal level of price and quantity? (b

what is the short run and long run effects of a new idea creating by a restaurateur i.e home cooking services in the perfect competitive market?