You are required to answer FOUR questions only from the five questions. The five questions will relate to each of the macro topics covered on the unit as follows:
− QUESTION 1: GDP, Income and economic growth
− QUESTION 2: Unemployment and Inflation
− QUESTION 3: Monetary Policy
− QUESTION 4: Fiscal Policy
− QUESTION 5: International Trade
These are only the question topic, not the actual question itself. The questions will be provided to you on the 7/11/2020 9AM Australian Eastern Standard Time! DO NOT BE LATE TO RECEIVE THESE QUESTIONS! Once again, you can pick FOUR out of the five questions to write about. You do not have to start the exam until I provide you with the questions, however, I am hiring early so that you can do some revision and research if you need to prepare for the exam day.
YOU HAVE 6 HOURS OR UNTIL 6PM AEST TO HAND IN THESE QUESTIONS! IT IS CRUCIAL THAT YOU HAND IT IN ON TIME!
Your exam answer for each of your FOUR chosen questions should be a written narrative of between 300 to 400 words up to a maximum one side of A4, inclusive of diagrams where appropriate. I would expect between 1-3 pieces of applied evidence from appropriate sources (including but not limited to data, policy statements, government reports, expert commentaries etc.) to support arguments per answer. Supporting evidence should be appropriately referenced. Do your research on the topic and provide primary references!!
Follow the CRA (Criterion Reference Assessment) to:
– Accurately described the appropriate economic terminology, theory, model and/or framework
– Effectively use economic thinking to explain and analyse the underlying economic issue and/or policy
– Effectively applied evidence from appropriate sources (including but not limited to data, policy statements, government reports, expert commentaries etc.) to support arguments
THESE APPLY TO ALL THE QUESTIONS SO PLEASE FOLLOW IT
I have attached more information in PDF form so that you can further read and understand the exam. Please have a read of the End of Semester Exam Guide and the Revision Guide Final Exam PDF. I will provide examples of the question topic later on so you can understand what to expect.
PLEASE PROVIDE EVIDENCE OF YOUR WORKING AND REFERENCES TO SUPPORT YOUR ANSWERS AS WELL AS ECONOMIC DIAGRAM/ MODEL/ GRAPH WHERE APPORAIATE! NO PLAGIARISM PLEASE!
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