Growth of Real GDP in Australia - Monetary Policies - Economics Assignment Help

Assignment Task :

Purpose: To enable students to research, critically analyse and evaluate the macroeconomic performance of Australia. This assessment contributes to learning outcomes a, c. 
Topic: Evaluation of the effects of macroeconomic variables on the Australian economy 

Task details: Obtain the following macroeconomic data for Australia for the period 1990-2018: real GDP growth rates, unemployment rates, Inflation rates, interest rates (cash rates), exchange rates (US$ per AS) and net exports growth rates. 
(1) Using the graphs and statistical summaries of the data collected, discuss the relationships between the following variables: 
(i) The growth rates of real GDP. inflation rates, and unemployment rates, and

(ii) The growth rates of net exports (exports - imports), interest rates and exchange rates. 
 

(2) Conduct a simple regression analysis to investigate how these macroeconomic variables are likely to influence the growth rates of real GDP in Australia. Discuss the estimated effects. 
 

(3) Given the insights gained from (1)-(2) above, discuss how monetary policies would contribute to the growth of real GDP in Australia? Support your discussion with plausible economic reasons. 
 

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