annotate news - plan - essay economics

Anonymous
timer Asked: Jan 27th, 2021

Question Description

I'm working on a economics case study and need support to help me understand better.

Hello ,

I have this Academic essay for my economics subject , its need to focus on the Australian Economy and when you finish from the Essay it should have Been annotated with the important things as the instructions says. For the plan its should be about how you will write the essay and the way you write it. But before the plan you should get 3 at least articles and should be annotated too on a PDF file . Down below you will find the instructions and Marking Rubric , Sample Annotated Article

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Save the articles you have collected as PDF documents. Annotate the documents (make notes on them highlighting and explaining relevant information for your essay). Introduction: How are you going to address the essay prompt? (What are you going to discuss?) (Do you agree or disagree with the prompt (essay topic)? – Briefly explain) What topic you are going to address in this paragraph? (eg. Goal of economic prosperity – example only!) What are you going to discuss? How does this topic relate to the essay prompt? Paragraph 1 What evidence have you collected (quantitative or qualitative) to support your argument? Harvard reference for this evidence: To which theoretical model does this relate? (AD/AS, Circular Flow, Business Cycle)? (Remember to draw, explain and refer to the model in your essay) How does this relate to the theoretical model? Applying your evidence, what happens according to the theoretical model? How does this support your argument in relation to the essay prompt? What topic you are going to address in this paragraph? (eg. Goal of full employment – example only!) What are you going to discuss? How does this relate to the essay prompt? Paragraph 2 What evidence have you collected (quantitative or qualitative) to support your argument? Harvard reference for this evidence: To which theoretical model does this relate? (AD/AS, Circular Flow, Business Cycle)? (You can refer back to your previous model or draw, explain and refer to a different model.) How does this relate to the theoretical model? Applying your evidence, what happens according to the theoretical model? How does this support your argument in relation to the essay prompt? What topic you are going to address in this paragraph? (eg. Goal of price stability – example only!) What are you going to discuss? How does this relate to the essay prompt? Paragraph 3 What evidence have you collected (quantitative or qualitative) to support your argument? Harvard reference for this evidence: To which theoretical model does this relate? (AD/AS, Circular Flow, Business Cycle)? (You can refer back to your previous model or draw, explain and refer to a different model.) How does this relate to the theoretical model? Applying your evidence, what happens according to the theoretical model? How does this support your argument in relation to the essay prompt? Conclusion: How did you address the essay prompt? (What did you discuss?) Remember to: • include fully-labelled diagrams of the theoretical models in your actual essay. • explain the operation of the diagram, and explain how the diagram is relevant to the realworld evidence you have collected. • include in-text citations in the Deakin Harvard reference style. • include a complete Deakin Harvard reference list at the end of your essay. • place at least 3 annotated articles (saved as PDF documents) in the Moodle assignment “Assessment Task 4 – Research Essay – Annotated News Articles” (in the “Resources and Assessments” tile, under Assessment Task 4). Australia central bank August statement on rates BUSINESS NEWS AUGUST 6, 2019 / 2:48 PM SYDNEY, (Reuters) - Following is the text of the Reserve Bank of Australia’s statement on Tuesday after its monthly monetary policy meeting. At its meeting today, the Board decided to leave the cash rate unchanged at 1.00 per cent. The outlook for the global economy remains reasonable. However, the increased uncertainty generated by the trade and technology disputes is affecting investment and means that the risks to the global economy remain tilted to the downside. In most advanced economies, unemployment rates are low and wages growth has picked up, although inflation remains low. The slowdown in global trade has contributed to slower growth in Asia. In China, the authorities have taken steps to support the economy, while continuing to address risks in the financial system. Global financial conditions remain accommodative. The persistent downside risks to the global economy combined with subdued inflation have led a number of central banks to reduce interest rates this year and further monetary easing is widely expected. Long-term government bond yields have declined further and are at record lows in many countries, including Australia. Borrowing rates for both businesses and households are also at historically low levels. The Australian dollar is at its lowest level of recent times. Economic growth in Australia over the first half of this year has been lower than earlier expected, with household consumption weighed down by a protracted period of low income growth and declining housing prices. Looking forward, growth in Australia is expected to strengthen gradually from here. The central scenario is for the Australian economy to grow by around 2 1/2 per cent over 2019 and 2 3/4 per cent over 2020. The outlook is being supported by the low level of interest rates, recent tax cuts, ongoing spending on infrastructure, signs of stabilization in some housing markets and a brighter outlook for the resources sector. The main domestic uncertainty continues to be the outlook for consumption, although a pick-up in growth in household disposable income and a stabilization of the housing market are expected to support spending. Employment has grown strongly over recent years and labour force participation is at a record high. There has, however, been little inroad into the spare capacity in the labour market recently, with the unemployment rate having risen slightly to 5.2 per cent. The unemployment rate is expected to decline over the next couple of years to around 5 per cent. Wages growth remains subdued and there is little upward pressure at present, with strong labour demand being met by more supply. Caps on wages growth are also affecting public-sector pay outcomes across the country. A further gradual lift in wages growth would be a welcome development. Taken together, recent labour market outcomes suggest that the Australian economy can sustain lower rates of unemployment and underemployment. The recent inflation data were broadly as expected and confirmed that inflation pressures remain subdued across much of the economy. Over the year to the June quarter, inflation was 1.6 per cent in both headline and underlying terms. The central scenario remains for inflation to increase gradually, but it is likely to take longer than earlier expected for inflation to return to 2 per cent. In both headline and underlying terms, inflation is expected to be a little under 2 per cent over 2020 and a little above 2 per cent over 2021. Conditions, especially for small and medium-sized businesses, remain tight. Mortgage rates are at record lows and there is strong competition for borrowers of high credit quality. It is reasonable to expect that an extended period of low interest rates will be required in Australia to make progress in reducing unemployment and achieve more assured progress towards the inflation target. The Board will continue to monitor developments in the labour market closely and ease monetary policy further if needed to support sustainable growth in the economy and the achievement of the inflation target over time. FNDB021 - Economics Criteria Theoretical knowledge and understanding of the macroeconomic models (The Circular Flow of Income Model, The Business Cycle Model and the AD/AS Model) Assessment Task 4 - Research Essay Not Shown 0 Low 1 Medium 2 High 3 Very High 4 There is no demonstration of knowledge or understanding of the macroeconomic models. Limited knowledge of one or two macroeconomic models is demonstrated, however, little actual understanding is shown. A diagram may have been included but not correctly labelled or explained. A satisfactory level of knowledge of one or two models is demonstrated and understanding is shown through some limited explanation of how the model operates. A correctly labelled diagram has been included, but not clearly explained. A high level of knowledge of one or two models is demonstrated and understanding is shown through a good explanation of how the model operates. A fully labelled diagram has been included, and satisfactorily explained. A very high level of knowledge of one, two or three models is demonstrated and understanding is shown through a thorough explanation of how the model operates. Fully labelled diagrams are included and thoroughly explained. A very high level of knowledge is A high level of knowledge is A satisfactory level of knowledge is demonstrated of the nature of Limited knowledge is demonstrated of demonstrated of the nature of demonstrated of the nature of macroeconomic policies through a the nature of macroeconomic policies macroeconomic policies through a Theoretical knowledge of discussion of the arguments for and There is no demonstration of macroeconomic policies through a through a discussion of the arguments discussion of the arguments for and macroeconomic policies (fiscal and knowledge of macroeconomic policies against a particular policy stance. It is discussion of the arguments for and for and against a particular policy against a particular policy stance. It is evident from the arguments that the and their ability to influence against a particular policy stance. monetary) and their ability to stance. There is little understanding evident from the arguments that the There is some understanding shown students has a thorough macroeconomic goals. influence macroeconomic goals shown of the ways in which polices students has a good understanding of of the ways in which polices can understanding of the ways in which can influence macroeconomic goals. the ways in which polices can influence macroeconomic goals. polices can influence macroeconomic influence macroeconomic goals. goals. No real-world data are utilised Limited real-world data are utilised Real-world data are utilised Real-world data are utilised Real-world data are utilised throughout the discussion to provide throughout the discussion to provide throughout some of the discussion to throughout most of the discussion to consistently throughout the discussion Application of theoretical evidence of theoretical ideas, or these evidence of theoretical ideas. Very provide evidence of theoretical ideas. provide evidence of theoretical ideas. to provide evidence of theoretical knowledge to real-world are inaccurate or irrelevant. No few arguments made in support of, or Some arguments made in support of, Most arguments made in support of, ideas. All arguments made in support quantitative and qualitative data arguments made in support of, or against a policy stance are supported or against a policy stance are or against a policy stance are of, or against a policy stance are and information collected by the against a policy stance are supported with evidence in the form of either supported with evidence in the form of supported with evidence in the form of supported with evidence in the form of with evidence in the form of either student qualitative or quantitative data or either qualitative or quantitative data either qualitative or quantitative data either qualitative or quantitative data qualitative or quantitative data or or information. information. or information. or information. information. A satisfactory level of analysis of There is no attempt to analyse of Limited analysis of economic theories, economic theories, arguments and A high level of analysis of economic A very high level of analysis of economic theories, arguments and arguments and real- world data is theories, arguments and real-world real-world data is evident. The economic theories, arguments and Analysis, synthesis, evaluation and real-world data. Ideas may be simply evident, and ideas may be briefly theories, arguments and data are data is evident. The theories, real-world data is evident. The critical thinking demonstrated listed or may be inaccurate or described rather than analysed. There presented but there is not a strong arguments and data are described theories, arguments and data are through the use of various sources irrelevant. No attempt is made to is limited connection made between connection between them and the and support evaluative statements synthesised to form evaluative evaluate; or evaluative statements are evaluative statements and theories, evaluative statements made; or there about the policy stance/s, but links are of information such as news statements about the policy stance/s. inaccurate or irrelevant. arguments and data; or there is no is little or no evaluation following the not always obvious. articles There is strong evidence of There is no evidence of independent attempt at evaluation. There is no arguments and information. Ideas are There is some evidence of independent thought. thought. evidence of independent thought. mostly relevant, but show little independent thought. evidence of independent thought. Use of economic terminology and written communication Evidence of research and preparation Correct economic terminology is Correct economic terminology is used rarely used, and there are many errors often, but there may be errors or times Correct economic terminology is used Correct economic terminology is used The student has not used accurate or occasions where relevant where relevant vocabulary has not throughout most of the essay. Written consistently throughout the essay. economic terminology and written vocabulary has not been included. been included. communication is clear, with minimal Written communication is clear and a communication contains many errors. Written communication contains Written communication is mostly errors, and a logical structure has logical structure has been used. errors and structure may be confusing coherent and a mostly logical been used. in parts. structure has been used. There is good evidence of research, There is satisfactory evidence of There is extensive evidence of with a variety of suitable sources research shown, but there are a research, with a variety of suitable The student has shown no evidence used. Both qualitative and quantitative There is limited evidence of research limited range of sources referred to, sources used. Both qualitative and of research. The student does not data have been used. Mostly and possibly only one type of data quantitative data have been used. shown. The student’s plan shows prepare an essay plan prior to the accurate, relevant and reputable limited evidence of preparation. have been used. Some irrelevant Accurate, relevant and reputable task. sources are used. sources may have been used. Plan sources are used. Plan shows Plan shows evidence of good shows satisfactory preparation. evidence of thorough preparation. preparation. Page 1 of 1 ECONOMICS RESEARCH ESSAY Assignment description and purpose You will complete a Research Essay mainly related to knowledge and skills from weeks 7 to 12: Circular Flow of Income Models, Gross Domestic Product, Aggregate Demand and Aggregate Supply, Unemployment and Inflation, and Fiscal Policy and Monetary Policy. You will also draw upon knowledge from weeks 1 to 6, where relevant. Your research MUST focus on the Australian economy, and should include: • • Quantitative data such as: o Current and recent data (past 3 years) for the key economic indicators of Real Gross Domestic Product, the inflation rate and the unemployment rate. o Recent and historical trends (up to 10 years) in Real Gross Domestic Product, the inflation rate and the unemployment rate. Qualitative news pieces, no older than 6 months, such as: o Articles on the current state of the Australian economy. o Articles on the forecast for Australia’s economy. o Articles providing background or in-depth commentary on Australian economic conditions. You will conduct research and use economic theory to draw conclusions and make assumptions about these key research areas. The aim of collecting this information is to enable you to construct a factual argument to support or refute the essay topic. The purpose of this assessment task is to enable you to demonstrate understanding of the economic theories and concepts covered in class and apply them to the Australian economy. Intended audience You should write your essay as though you are explaining economic concepts to a group of fellow students who do not know anything about economics. You should ensure the language used is appropriate for a “workplace” setting and that you have not used abbreviations or slang. You should ensure all economic theories and concepts are fully explained and explicitly related to the essay topic. Where diagrams are used, you should ensure they are neat and fully labelled. Page 1 of 3 Format Your essay must be between 1,000 and 1,200 words. As this is an essay (not a report), headings should not be included. However, you must include fully labelled and explained diagrams such as the AD/AS Model, the Circular Flow Model or the Business Cycle Model to demonstrate your understanding of the theory where appropriate. A PDF copy of your essay must be submitted through Turnitin. Annotated PDF copies of news articles you have referred to should be placed in the “Research Essay Documents” folder in your FNDB021- Economics Google Drive. The plan template must be completed in Google Drive before the due date for the plan. This is a HURDLE TASK. IF YOU DO NOT COMPLETE THE PLAN, YOUR ESSAY CANNOT BE ASSESSED AND YOU WILL RECEIVE ZERO FOR THIS TASK. Evaluation criteria You will be assessed on these criteria using the rubric provided: • • • • • • • Your knowledge and understanding of at least one of the macroeconomic models: o Circular Flow of Income Model, o AD/AS Model, o Business Cycle Model. Your knowledge and understanding of macroeconomic policies (fiscal and monetary policy) and the use of these policies to influence the economy in order to achieve macroeconomic goals. Your application of macroeconomic theory to current Australian economic conditions. Your ability to analyse the data you collected, to synthesize the information you collected from various different sources (such as newspaper articles and Reserve Bank of Australia media releases) and to use this to form an argument supported by facts. Your ability to use economic terminology in the correct context. Your ability to collect qualitative and quantitative information from a variety of suitable sources and to use in-text citations and Harvard-style referencing accurately. Your ability to complete a thorough plan prior to writing your essay. Due dates • • Plan template – Friday January 29, 2021 at 11:59pm (Melbourne time), submitted through Moodle Essay - Wednesday February 3, 2021 at 11:59pm (Melbourne time), submitted through Moodle Page 2 of 3 SUGGESTED SCHEDULE FOR COMPLETING THE TASK ☐ Read and discuss the requirements of the task with your teacher. ☐ Collect and organise quantitative data from websites such as the Reserve Bank of Australia, the Australian Bureau of Statistics, Budget.gov.au, the International Monetary Fund or Trading Economics. ☐ Conduct research using a search engine such as news.google.com or by going through the Deakin Library website to find news articles in reputable Australian sources such as the Australian Financial Review, the Age, or the Herald Sun. Download copies of at least 3 relevant articles. ☐ Annotate the articles, linking them to relevant economic concepts. Place the annotated articles in the “Research Essay Documents” folder in your FNDB021 – Economics Google Drive. This will be used to assess the quality of your research. ☐ Summarise relevant theory from textbooks and class resources, thinking about how this might apply to current Australian economic conditions. ☐ When the essay topic has been released, complete the plan available in your FNDB021 – Econo ...
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