This essay focuses on recent economic issues in Australia. Explain the Australian government’s economic objectives, plus the targets . identify a real fiscal policy decision by the Australian government that impacts your.

recent economic issues in Australia.

Task description
Write a report (1500 words) based on your findings regarding recent  in.
Some examples of economic issues in Australia include:
Firstly,          Housing prices in Australia
Secondly,        Low wage growth
Thirdly,          Affect of globalisation on Australia
Further,         Introduction of a new coal mine in Queensland
Further,          Decline of the retail industry
Moreover,          The effect of the Australian bushfire on the economy
Moreover,          Cigarette prices
·         Gig Economy (Uber, or any other self-employed business)
·         Youth unemployment

Your report should follow the following format:

Introduction                                                                                                  (100 words)
Firstly,  Introduce the economic issue that will be discussed
Secondly,  Outline the structure of the report
Body Paragraph 1 (Economic objectives, Fiscal Policy)                             (400 words)
Further,  Explain the Australian government’s economic objectives, plus the targets
– identify a real fiscal policy decision by the Australian government that impacts your economic issue.
– How does the fiscal policy decision affect Australia’s economic objectives (Use data)

Body Paragraph 2 (microeconomic Reform)

(200 words)
– Identify a real microeconomic reform that was implemented within the last 5 years that impacts your economic issue
– How does the microeconomic reform affect Australia’s economic growth (Use data)

Body Paragraph 3 (Cost/Benefit Analysis)                                                  (100 words)
Firstly,  What is cost/benefit analysis?
Lastly,  What is the cost and benefits from the chosen fiscal policy OR microeconomic reform from the previous paragraphs? (Use opportunity costs, private and social costs)

Body Paragraph 4

(300 words)
(Balance of payments, Current A/c, Financial & Capital A/c)
– Introduce balance of payments and the components
– which components of balance of payments does your economic issue affect? (Use data)

Body Paragraph 5 (Exchange Rate)                                                             (300 words)
– What exchange rate policy does Australia have?
– How does your economic issue affect the Australian dollar?
– How does the depreciation/appreciation affect  economic growth?