ECON1102 MACROECONOMICS, MONEY AND FINANCE 代写

  • 100%原创包过,高质代写&免费提供Turnitin报告--24小时客服QQ&微信:120591129
  • ECON1102 MACROECONOMICS, MONEY AND FINANCE 代写

    ECON1102 MACROECONOMICS, MONEY AND FINANCE
    ASSIGNMENT II
    (Due on  Friday, October 20, 12:00noon )
    a) Keynesian model presumes an inverse relationship between real interest rate
    and household consumption expenditure which partly justifies the monetary
    easing policy to fend off economic weakness in recession periods.
    Please describe the transmission mechanism of interest rate through the
    economy in general. Which components of PAE are affected by changes in
    interest rates and how? (20 marks)
    b) How can RBA target the overnight cash rate successfully and how can RBA
    influence the economy wide interest rate by controlling only the cash rate?
    (20marks)
    c) It seems that the RBA followed this textbook prescription and cut the cash
    rate several rounds in the aftermath of GFC. Currently, as shown in the
    figure, the real interest rate in Australia is at record low levels. Yet, the
    household saving ratio has been stubbornly high. Why does this monetary
    policy transmission channel fail to work? Please discuss the underlying
    forces.

    ECON1102 MACROECONOMICS, MONEY AND FINANCE 代写
    (50 marks)
    Please organize your answers to these questions in an essay; use graphs where
    you can illustrate your answer through a graphical demonstration.
    Marks: 100 marks (to be scaled down to 5% of unit assessment).
    Subparts weighted at 90 marks and 10 marks allocated for organization, writing and references.
    2
    Referencing: Please follow Harvard citation style as per the guidelines at UWA website
    http://guides.is.uwa.edu.au/harvard You should have at least 3 outside references –
    journal articles, newspaper articles, bulletins of RBA etc – in substantiating your points.
    Word limit: strict 1000 words (In-text references, footnotes, words in the graphs are
    included in word count; reference list is not included)
    Where an assignment exceeds the word limit, a penalty of 1 per cent of the total mark
    allocated for the assessment task applies for each 1 per cent in excess of the word limit.
    Submission:

    ECON1102 MACROECONOMICS, MONEY AND FINANCE 代写
    Please typewrite your answers in MSWord or similar word processing software.
    Save a copy of your assignment as a backup.
    Convert your assignment into a pdf file and upload them on LMS> Assessments >
    Assessment 2b > Assignment submission link on LMS. You can submit only once, so go
    over your work thoroughly before you pdf it and upload.
    Plagiarism: Plagiarism will be heavily penalized.
    ECON1102 MACROECONOMICS, MONEY AND FINANCE 代写