Write a report of 1500 words on the following topic:
Prepare a report on the current Federal government’s macroeconomic policies addressing
economic growth, unemployment, inflation and trade. In your report you are expected to
outline the target value of the macroeconomic indicators and describe the policies that are in
place and comment on whether you see these policies as suitable in the present economic
context. Given your analysis, you are expected to conclude your report with policy
recommendations to achieve targeted economic growth, unemployment, inflation and trade
outcomes. Trend analysis of about the last 10 years is expected to assist you in describing the
success or otherwise of these policies in the past and into the future.
Note 1 to Assignment 2
Your report should start with a preamble about current figures for economic growth,
unemployment, inflation and trade as well as description of the current fiscal and monetary
settings and targets in these areas.
You should also look at the trends in these four categories over the last 10 years. This will
enable you to ascertain the success or otherwise of macroeconomic policy in terms of
meeting targets.
Once you have done all of the above you will be in a position to discuss trends as they relate
to targets and canvass their success or otherwise. You will also be in a position to make
recommendations as your research deems necessary along with canvassing any threats you
may see as to the success of the macroeconomic policy settings into the future.
Presentation of report
The report shouldnotexceed 1500 words. This word limit does not include the abstract,
tables, diagrams and reference list.
The report should be word processed using a font size 12 with 1.5 line spacing.
Structure of report
Your report must include:
•an appropriate title
•an abstract (sometimes called an executive summary) summarising the report
•an introduction in which you briefly explain what you are going to address in the report
and why
•the body of the essay broken into sections (section headings are appropriate)
•a brief conclusion that should summarise your analysis and your predictions and
recommendations
•appropriate referencing and a reference list as required.
Although the requirements for presentation and structure may appear pedantic, they are not.
In the business world you may often find yourself involved in writing a report – perhaps even
for multilateral and government organisations such as the IMF or OECD. We suggest that
you devote some time to developing this skill. Your future career can only be enhanced by
your ability to communicate effectively in writing.
Marking criteria Assignment 2
Your report will be marked against the following criteria:
•Succinct description of current macroeconomic policy settings in Australia.
(15 marks)
•Appropriate analysis of policies in terms of trends, for economic growth, unemployment,
inflation and trade.
(45 marks)
•Useful conclusions and recommendations about the future direction of policy including
threats to current policy settings.
(20 marks)
•Evidence in the report of a depth of research and accuracy in referencing (Harvard Style)
(10 marks)
•Abstract presentation, grammar, structure, etc.
(10 marks)
TOTAL FOR ASSIGNMENT 2: 100 marks.