Author: Splendid Writings

Section A:
1. Have the distinctive features of capitalism changed in the contemporary economy? Establish your view drawing on concepts covered in the course.
2. Does the neoclassical economic school of thought reflect economic practices today? Evaluate neoclassical economics with regard to the actions and motivations of either: consumers, firms, or states.
Section B:
1. Is economic theory blind to gender inequality? Discuss in relation to one school of economic thought covered in weeks 4-10?
2. What is the relationship between capitalism and nature? Provide your answer defending one economic perspective on the environment.

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Assignment

Economics is concerned with current real world problems. Thus to assist your education, and to make your study more interesting and useful, it is strongly suggested that you follow current economic debates through the media. It will be assumed that you have kept abreast of them. It is strongly suggested that you: x
Watch TV news each night and listen to radio news, paying particular attention to economic and political items;
Read items about economic issues in the print media
Develop a habit of discussing economic issues with friends and family.
So as to encourage you to take an active interest in current events, you will be required to submit a media assignment. This media assignment is to contain one newspaper or online articles on two topics covered in lectures. A list of topics can be found below. You are required to write two (2)-pages analysis on the article discussing the relevance of the news item to the concepts you have studied in this subject. The selected article should be current, that is, FROM July 2019 ONWARDS.

Written Assignment Presentation Requirements

Your media assignment should be printed on A4 sized paper in size 12 font size (in Times New Roman) with single line spacing. All margins should be no less than 2 1/2 cm each.
A maximum of two (2) pages is to be written for your chosen newspaper article. Additional one page for relevant for diagrams and another page for reference list.
A cover sheet, which is found at the end of MIB document, should be used as the coversheet for your assignment.
All pages are to be stapled in the top left hand corner. Assignments should NOT be placed in plastic sleeves or contain any form of binding.
2. Format
A. Assignment Coversheet (required)
B. Copy of WRITTEN ASSIGNMENT FEEDBACK FORM
C. Article [Newspaper article (must be attached)]
D. Analysis
Introduction
Identify key points or issues from the article that you can use to analyse.
Choose the topics and economic models that would help you with your analysis. Include a justification or rationale as to why those topics were chosen.
ii. Economic Analysis
provide appropriate definitions of relevant theories.
provide application of these theories to the key issues identified in the chosen article. – provide diagram explanation.

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1. Display understanding of the concepts covered in class in Modules 3 and 4
2. Ability to apply the concepts covered in class to the Australian economy and analyse the applicability of such concepts.to real time economic situations
Answer the following at the end of their respective modules;You may submit your answers at the end of Module 4. Your submission could be a single word document upload.
Module 3:
1) What is First Home Owners Grant (FHOG)? Using an appropriate diagram, explain who benefits from FHOG- is it buyer or seller?
Module 4:
1) Australian economy is currently facing an unemployment rate of approximately 5.2% according to recent statistics; as an emerging policy maker, what are the ways you would suggest to bring down unemployment to around 4.5%

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Monetary Policy Decision

Statement by Philip Lowe, Governor: Monetary Policy Decision
Date 3 September 2019
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, although the risks are tilted to the downside. The trade and technology disputes are affecting international trade flows and investment as businesses scale back spending plans due to the increased uncertainty. At the same time, in most advanced economies, unemployment rates are low and wages growth has picked up, although inflation remains low. In China, the authorities have taken further 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 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 and turnover. Looking forward, growth in Australia is expected to strengthen gradually to be around trend over the next couple of years. The outlook is being supported by the low level of interest rates, recent tax cuts, ongoing spending on infrastructure, signs of stabilisation in some established 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 stabilisation 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. The unemployment rate has, however, remained steady at 5.2 per cent over recent months. 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.
Inflation pressures remain subdued and this is likely to be the case for some time yet. 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.
There are further signs of a turnaround in established housing markets, especially in Sydney and Melbourne. In contrast, new dwelling activity has weakened. Growth in housing credit remains low. Demand for credit by investors continues to be subdued and credit 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, including in the labour market, and ease monetary policy further if needed to support sustainable growth in the economy and the achievement of the inflation target over time.
In your essay, please discuss and answer the following questions (1500-2000 words), tables and figures (e.g. diagrams, graphs, photographs, maps) may be used as evidence to support your argument.:
1. Discuss why controlling inflation is important in the economy.
2. What would be the main drivers for the economy growth in Australia in the coming 1-3 years? Explain.
3. Given the current situation, do you expect a further ease in the monetary policy next year? Why or why not?
4. What is your key concern for the Australia’s economy in the next few years?
5. “The trade and technology disputes are affecting international trade flows and investment as businesses scale back spending plans due to the increased uncertainty.” Do you expect the current trade war between the US and China will have a negative impact on Australia’s trade flow? Explain.

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Pretend you are a business consultant conducting a business intelligence report for your client, a business in town. You will advise them about their key rival in this industry. You will develop ideas to make their business more successful.

(i) analyse of competition in the industry in the area you investigated, including any developments in the competition there (new businesses entering etc.) + select one of those businesses and recommend how you will improve their competitiveness

(ii) analyse how the two businesses have been growing their businesses + recommend how your selected business could grow better and be the larger/more dominant business

(iii) analyse how both businesses set the prices for their products and use non-price strategies to attract customers + recommend your chosen business could modify its prices or introduce its non-price strategies to secure more customers or sale

How to carry out an ‘analysis’?

Analysis is important to get good marks. To do this, don’t just describe what you saw.
What you need to do is demonstrate you have analysed your observations in an intelligent and creative way to find and discuss the patterns in the way the two businesses operate (how are they different or similar in terms of products, prices, they type of customers they target etc.). Provide the reader with interesting insights about the business strategies they use and intelligent business strategies you can proposed based on what you discovered.
Compare. Contrast. Evaluate. Argue. Propose. When possible, support your ideas with secondary data.
So, as ‘analysis’ is more than just describing what you saw. It is not just saying, “I saw this or that” or “the business uses this price… the businesses uses this strategy”.

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Use a variety of analytical tools to monitor and improve Business Strategy

Your professor will present you with a case study to complete this Assignment.
Step 1: Provide a brief synopsis of the company from your chosen case study or your employer (if approved by your professor). Include the company name, industry sector, products, target market, and any other pertinent information
Step 2: Explain the factors in your chosen company’s broad macro-environment (PESTLE) that may have strategic significance on its competitive advantage in the marketplace.
Step 3: Conduct an analysis using Porter’s 5 Forces framework to diagnose the competitive conditions in your chosen company’s industry.
Step 4: Conduct an analysis using one additional strategic analysis tool to determine whether an industry’s outlook presents your chosen company with sufficiently attractive opportunities for growth and profitability.
Step 5: Determine if your chosen company’s resources and capabilities give it a competitive edge over rivals.
Step 6: Assess the company’s strengths and weaknesses in light of market opportunities and external threats.
Step 7. Explain the company’s value chain activities and how they affect the company’s cost structure and customer value proposition.
Step 8. Evaluate the results of your strategic analyses and explain your chosen company’s competitive situation and how this information can assist managers in making critical decisions about their next strategic moves.
In this Assignment, you will demonstrate an ability to employ a minimum of three different strategic analysis tools, including a PESTLE analysis, Porter’s 5 Forces analysis, and one additional strategic analysis tool (VCA, SOAR, SWOT, etc.) of your choice. Use as many concepts from Chapters 3 and 4 of your textbook to complete this Assignment as possible. You are the professional and will need to determine how many slides and how long the presentation should be to meet the requirements of this Assignment. You are capable of making such decisions at this level of your degree program. Take the initiative to be the problem solver and strategic decision-maker. Each slide should have a narration and notes. Your slides should be professionally designed.

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Once you have settled on a topic you are interested in, the research process should unfold in three stages.

• First, you should gather as much recent and relevant academic research as you can on your topic. There will generally be existing research on your topic, and often there will be research from a political-economic perspective. You should find, examine, and know this literature.
• Second, you will want to scan the news media for articles on the case study you are examining and read as many as you can.
• Finally, having scanned the literature, you should decide what aspect of the topic in particular you wish to pursue, what your argument is going to be, and how you are going to structure your paper.

Key Questions to Keep in Mind as You Develop Your Case Study

Does the topic I’ve chosen have to do with media and communication? If not, find one that does. If in doubt, ask your TA or the professor.

• Have I found the relevant political-economic scholarship on my topic? If in doubt, ask your TA, the professor, or a librarian.
• Am I approaching this topic from a political-economic perspective? In other words… Am I taking a “big-picture” approach to my topic? Am I keeping the history of what I am researching in mind? Am I taking a political/ethical position with respect to my topic? If in doubt, ask your TA or the professor.
• Am I incorporating any relevant course material or concepts into my paper?

Assignment Requirements Proposal

To submit your topic for approval, you should write a one-page proposal including a tentative title, a one-paragraph description of your paper’s topic, a proposed outline, and a list of five sources relating to the topic you’ve chosen. At least two of the sources should be scholarly (i.e. published in an academic journal or a university press) and use a political economy approach, but you are free to include news stories from reputable news sources here as well.
The final assignment should be between 8-10 pages (2000-2500) words) long, in 12-point font, double-spaced (excluding bibliography), and will demonstrate significant research on the topic. You can use either APA or MLA format for citations, but you must remain consistent with it throughout. You should reference at least four academic articles/books and 6-8 news articles from reputable news media. You should also incorporate any relevant course material into your paper where possible.
Late Penalty: Students who do not hand in assignments on time will receive a late penalty of one letter grade for every day they are late, to a maximum of five days. Assignments more than one week late will not be accepted and will receive no grade unless the student has made arrangements with the instructor before the original due date, or there is a medical or similar emergency with documentation. Hard copies of all assignments must be delivered by hand, unless other arrangements have been made prior to the due date. Assignments are only accepted by email under special arrangements with the instructor or TA. NEVER leave an assignment under an office door, and always keep an electronic backup of all your assignments in case they go missing.
: If you need an extension (due to a reasonable excuse like a clashing term paper) please contact your TA or the instructor at least 5 days in advance. In other words, you must plan ahead. No extensions will be given beginning 72 hours before the due date.

 

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Present a potential economic challenges likely to face the countries (in terms of FDI, inflation, BOP, Unemployment, currency fluctuation, national debt level, and commodity price volatility) likely to arise from the present and prospective global economic landscape
What about the future economic prospectus of Brazil sound and robust recommendations for the countries economic team.
compare with china, Germany, Iceland, UK, Greece, Brazil, Russia,India, South Africa, Portugal , Ireland, Japan, Saudi Arabia, Hong Kong.

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(iii) assess pricing and non-pricing strategies and propose some for that business

Topics

Pricing and non-pricing strategies – what are the firms currently doing in this regard, and how to creatively price, place or position products/services etc. to give a business an edge?
of your visit. Once the field work is done, share the raw information with the team. Do not share your analysis with the team: this is for you to do individually and for the lecturer’s eyes. You may then conduct secondary research individually: find other information about the companies you investigated or other companies (in related or unrelated industries, whether located in Australia or internationally) to learn about the state of competition in their industries, how they try to grow their businesses, and how they might compete in terms of pricing and nonpricing strategies, and so on. You can then use these strategies for your own case, but cite the source of your ideas. These sources of information could be newspaper articles, company, government or industry reports accessed via the Internet; or books, journal articles or working papers. Avoid blogs whose information might be unreliable or which do not cite their source.
3.Using the information you gathered, compose a report individually that addresses the questions below. It will involve creative thinking: you will advise one of the two companies on strategies to improve its business with the aim of outcompeting its rival. Any calculations, analysis of the data, or generation of creative ideas should be entirely your product— not group work. In summary: the group work element is limited to gathering primary data from the store and sharing that data between group members. All other tasks are individual. I do not want reports that look and sound similar, even if the businesses two students selected are the same. Individualise it. Make it different.

1. Market structure and competitive strategies

Asmentioned before, be creative, yet realistic. Critically evaluate your strategies as well (e.g., what obstacles are there to its implementation?)

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Instructions:
You can submit an individual or group assignment.  If you submit a group assignment, there must be no more than FIVE students in your group (coming from the section of MGEB05 this term) and you just have to submit ONE copy.
A PENALTY OF 10% OF THE TOTAL MARKS will be imposed if you FAIL TO DO EITHER OF THE FOLLOWING (20% if you fail to do both):
1)Submit this page as your cover page (complete the information above)
2)STAPLE your assignment (paper clips are NOT accepted)
Label your graph(s); otherwise, marks will be subtracted.
No credit will be given if you do not show your work (i.e. don’t simply say the answer is 3 write down enough of the steps you used to arrive at this answer).
Your answer should be structured in a way such that those that know little about economics will have no difficulty understanding your argument/answer.
DO NOT USE any notations that are not used in lectures.  If you use your own notations and/or abbreviations that are not being used in lectures, you will receive a grade of zero for that question.
d)Did CPI and GDP deflator move to the same direction?  If not, why?

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