Economic policies of the australian government

Assignment Help Macroeconomics

Reference no: EM132531157 , Length: word count:1250

Critical Analysis
In approximately 1250 words, critically analyse the economic policies of the Australian government (including the Federal Budget) and the RBA in response to the Coronavirus. Ensure you apply at least 3 Macroeconomic and Microeconomic theories studied during this semester in your analysis.

The key learning objectives of this assessment item are: be:
• identify and explain the fundamental principles of microeconomics in the operation of the market system
• distinguish the fundamental principles of macroeconomics in the operation of the market system
• match economic theories and concepts with contemporary social issues, as well as formulation and analysis of policy
• illustrate the role of ethical values and human dignity in economic decisions

As a hint, your main focuses should be on reviewing Monetary Policy, Fiscal Policy and International Trade. Don't forget though, in order to understand these topics you also need to have an understanding of Supply and Demand, GDP, Inflation, Unemployment, and the role of the RBA, as all of these topics feed into the overall question in some form.

An essay style format should be utilised.
Highly distinctively identified underlying ethical issues in the Australian Government's response to the Coronavirus.
Highly distinctively analysed Macroeconomic theories used in the Australian Government's response to the Coronavirus.
Highly distinctively analysed Microeconomic theories used in the Australian Government's response to the Coronavirus.
Highly distinctively analysed international issues impacting on the Australian Government's response to the Coronavirus.
Highly distinctive flow of arguments. Highly reliable sources to justify your analysis.

Reference no: EM132531157

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