Task Description: Students are required to write a short essay to illustrate how one or more macroeconomic theories or concepts covered in the course can be used to understand a current macroeconomic issue

| December 7, 2018

Task Description: Students are required to write a short essay to illustrate how one or more macroeconomic theories or concepts covered in the course can be used to understand a current macroeconomic issue reported in any news article of their choice on or after 1st January 2018.(please use this new http://www.abc.net.au/news/2018-03-18/why-is-unemployment-refusing-to-budge-in-face-of-jobs-boom/9552616) The format of the essay has to be the same as that of “AN INSIDE LOOK” of the textbook. That is, students are required to provide: 1. A news article (wholly or partly), including title, publisher, and date of publication 2. Key points in the article 3. Analysing the news But the “Thinking critically” part is not required. Submission should include both the news article (either re-typed or a clear scanned copy) and the analysis. The length of “Key points in the article” plus “Analysing the news” should be within two pages (A4 paper, 12 point font). There is no limit on the length of the news article. The assessment is divided into two parts: a preliminary draft and the final submission. See the marking criteria for details. Criteria & Marking: Preliminary Draft (2%) 1. A substantial draft (at least one-side of an A4 paper) with correct format and proper referencing (2%) Final Submission (13%) 1. Correct format and proper referencing (1%) 2. Clarity of writing (3%) 3. The quality of data and references (4%) 4. The accuracy and explanation of the forecast (5%) For the final submission, only a total mark will be given based on the overall performance, but not the breakdown. The quality of data and references is determined by: (1) the range of data and references being used; (2) the authority/reliability of those data and references; (3) how up-to-date the data and references are. The RBA Statement will be used as a reference to access the accuracy of stated facts/statistics/figures in an assignment. The marking for individual submission will be slightly more generous to account for the fact that it is a single person effort. Here are some examples of the ‘An Inside Look’ sections of an older textbook version that will help you see how to structure your essay. Use headings, but do not include a ‘Thinking Critically’ part. Make sure to include the article text before your essay in the same document. Please cut and paste the text rather than use a screenshot, but be sure to include the headline, author, publication, and date. Keep in mind your essay should be two pages or less, and I would recommend highlighting 3-4 paragraphs of the article (rather than just two) to analyse.

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