User Account

All Pages

Explain how it affected the components of gdp and why

Assignment Help Macroeconomics
Reference no: EM131942289

Assignemnt: Macroeconomic Policy

Research Essay Topic: Australian Mining Boom

In the 21st century, Australia witnessed an extraordinary mining boom. Explain the impact of the mining boom on the Australian economy.

Here are some things you may consider in your essay:

1. What effect did this have on the economy?

(i) Explain how it affected the components of GDP and why.
(ii) What happened to other macroeconomic variables? E.g. interest rates, Australian dollar (exchange rates), etc.
(iii). Apply to any appropriate macroeconomic models we cover in this course (in particular, use diagrams):

a) Keynesian Cross model
b) IS-LM model
c) Budget line (Government Deficit/Surplus)
d) Aggregate Demand-Aggregate Supply (AD-AS) model

2. How did the government respond?

(i) Fiscal policy
(ii) Monetary policy

In your research assignment, you must clearly but succinctly address each specific point mentioned in the essay topic.

Word limit: Maximum 1,500 can be shorter.

Reference no: EM131942289

Questions Cloud

Separate an individual with entrepreneurial : How can HR professional use their knowledge to separate an individual with entrepreneurial know how/spirit from others to help make a good hiring selection?
Role of psychology in promoting health : Critically evaluate the extent to which investment in health and safety or well-being at work can be of benefit to the organisation, integrating psychological
What is strategic planning : 1) What is strategic planning? 2) Why is it important for all organizations to engage in strategic planning?
What is the total amount of traceable fixed manufacturing : What is the total amount of traceable fixed manufacturing overhead for the Alpha product line and for the Beta product line
Explain how it affected the components of gdp and why : Explain how it affected the components of GDP and why. What happened to other macroeconomic variables? E.g. interest rates, Australian dollar (exchange rates).
March income statement from this order : How much revenue is recognized on the March income statement from this order? How much in the April Income statement? (Answer in thousands)
Describe scraps of beef that remain after choice : Recently, "pink slime" has been making headlines in all media around the country. It is a term used to describe scraps of beef that remain after choice
Newsletter with microsoft word : What is the easiest way to generate a newsletter with Microsoft Word?
Discuss legal and ethical issues relate to business law : Do NOT just give me a summary of the film, but use short descriptions of events in the film to discuss legal and ethical issues that you see that relate.

Reviews

Write a Review

Macroeconomics Questions & Answers

  Inflation targeting be a good policy

Why might it be difficult for the Fed to formally adopt inflation targeting?  Would inflation targeting be a good policy for the Fed in the present economic environment

  In using the taylor rule

In using the Taylor Rule as a guideline for monetary policy, what are the pros and cons of using forecasted values of inflation and output rather than observed values of these variables?

  Describe the present economic crisis situation in europe

Describe the present economic crisis situation in Europe.  Why has it been so difficult for the Europeans to find a solution to this problem?   Comment on what implications the crisis may have for the rest of the world if Europeans are not able to ag..

  Long-term federal government budget problems

Question:. Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading.

  Derive and compare demand curve

Question based on Derive and compare demand curve,  Derive Ambrose's demand function for peanuts. How does it compare with Johnny's demand curve for peanuts?

  Problem based on utility function

Problem based on  Utility Function - Problem,  Answer and explain the following using a diagram which is completely labeled.

  Laffer curve : tax rate and tax revenue

Question based on Laffer Curve : Tax Rate and Tax Revenue,  Do raising tax rates necessarily raise tax revenue? What factors affect how tax revenue changes when tax rates change?

  Problem - income elasticity of demand

Problem - Income Elasticity of Demand,  Interpret the following Income Elasticities of Demand (YED) values for the following and state if the good is normal or inferior; YED= +0.5 and YED= -2.5

  Positive balance of payment

Question Positive Balance of Payment: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments."

  Effect of recession on the investment curve

Comment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate in the financial crisis that hits United States first starting in fall 2007.

  Affect of falling domestic investment on trade surplus and

How will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world.

  Crises in the banking sector and bank run

Banking crises crisis decreases depositors' confidence in the banking system. What would be the effect of a rumor about a banking crisis on checkable deposits in such a country?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd