Length: 1000 words. Students are to research 1 (one) focus article and a minimum of three (3) supporting articles on any topic (eg: impact on the economy, impact on the Australia dollar etc) relating to the Australian economy and International Economics. The student must provide a summary of the focus article and connect the articles theme to the likely impact to the Australia's economy in terms of globalisation, Balance of Payments, trade, investment, exchange rate and the domestic economy.

This document and a detailed task sheet can be viewed and downloaded from the AAG assessment folder on Moodle. In summarising the article, the student has identified and outlined major policy issues in relation to the Australian economy by: clearly linking the main points of the article to external stability in terms of exports, imports or foreign investment, clearly linking economic data from the article to external stability in terms of exports, imports or foreign investment, a clear linking of the main ideas of the article to the likely economic impact on the Australian economy, clearly linking the main ideas of the article to the likely impact on National income.

The student has demonstrated the ability to link analysed and interpreted economic data/information from the article relating to economic measures and principles by: stating the likely impact on the Balance on Goods and Services, stating the likely impact on the Balance on Current A/c, stating the likely impact on the Financial A/c, stating the likely impact on the Net Primary A/c.

The student has demonstrated the ability to analyse and interpret economic data/information from the article in relation to the performance of the Australian economy by: outlining the likely economic impact on three (3) sectors from the circular flow model, outlining the likely impact on unemployment, GDP and the government budget, stating specific economic data regarding unemployment, GDP and government budget. 3 - 4 marks.

The student has demonstrated the ability to outline the strengths and weaknesses of specific economic policies/decisions by: stating that Australia adopted a floating exchange rate as a part of Micro Economic Reform, providing an explanation of how the Australian dollar is determined, accurately linking the main points of the article to the likely impact on the Australian dollar in terms of appreciation or depreciation, accurately outlining the likely positive and negative impact on the BOGS, NPY and the Current A/c Deficit within the Balance of Payments as a result of the above appreciation or depreciation.

The student has demonstrated the ability to synthesise evidence and draw conclusions by: linking the main points in the article to the government's pursuit of economic sustainability specifically in terms of Australia's current economic growth (GDP), unemployment and inflation. The student has demonstrated the ability to present an academically acceptable commentary by: researching relevant and supporting economic data/information, researching reliable economic data/information from such sources as, but not limited to, trading economics, analyzing, interpreting and evaluating the researched economic data/information and using it appropriately on at least two (2) occasions in each of the following sections: Summary of Article, Balance of Payments, Economic impact and Exchange Rates.

Ability to present an academically acceptable commentary by: providing a commentary in excess of four (4) intext references correctly formatted according to APA or Harvard method with no mistakes. Providing intext referencing and a reference list correctly formatted according the to APA or Harvard method and includes all relevant authors cited in-text, having the result from the plagiarism check through ‘Turnitin' at below 25% and the essay including no significant matches indicating that large sections of the essay have been taken from other sources with little or no attempt to paraphrase or acknowledge the original author. The student has prepared and presented a document in accordance with economic/academic purpose and format by: academically acceptable format, consistent font, consistent font size, double spacing, maintaining a word limit of 1000 words, providing a logical development of ideas and structure via linking sentence.