Purpose: To enable students to research, critically analyse and evaluate the
macroeconomic performance of Australia and New Zealand. This assessment
contributes to Learning Outcomes b, c and d.
Word limit: 2500 + 10% Words
Due Date: 11:59pm, Friday 21 September 2018, Week 10
Submission: Soft copy uploaded to Moodle and Turnitin – Word .doc or .docx
Topic: Evaluation of Macroeconomic performance of Australia and New Zealand.
Task Details: Students will complete a research-based analysis and evaluation of the
relative macroeconomic performance of Australia and New Zealand from
1995 to 2015.
2. Students will follow the following procedure:
(1) Obtain Australian and New Zealand data on the following key macroeconomic indicators:
real GDP, interest rates (Australia’s cash rate and New Zealand’s official cash rate (OCR)),
unemployment rate, inflation rate.
(2) Discuss the relation between both countries’ real GDP growth rates and inflation rates.
Illustrate your discussion with summary statistics and pairwise graphs.
(3) Discuss the relation between unemployment rates in both countries. Illustrate your
discussion with summary statistics and pairwise graphs.
(4) Discuss the relation between the cash rate and official cash rate (OCR). Do movements
Australia’s cash rate drive movements in the New Zealand’s OCR? In which country has
monetary policy been tighter in the past decade, Australia or New Zealand? Illustrate your
discussion with summary statistics and pairwise graphs of the cash rate and the OCR.
(5) Based on your summary statistics, graphs and analysis and discussion above, write a short
prediction of the macroeconomic outlook of Australia and New Zealand. Are Australia and
New Zealand likely to experience a recession or expansion soon?
3. Research requirements, presentation and source of data
3.1 Research requirements: Students need to support their analysis with a minimum of 10
academic journal articles plus the text. Students aiming for a Credit or higher grade will
need to use more sources. Articles should be relevant and recent. Non-academic journal
sources may also be used, but relevant and validity should be clarified with the
BUS700 Economics T218 Paired Assignment
3.2 Presentation: Report format – 2500 + 10% word report – Word .doc or .docx
Title page, executive summary, table of contents, appropriate headings and subheadings,
recommendations/findings/conclusions, in-text referencing and reference list
(Harvard – Anglia style), attachments if relevant. Single spaced, font Times New Roman
12pt, Calibri 11pt or Arial 10pt.
3.3 Source of Data: Data may be obtained many credible sources, including: (1) abs.gov.au;
(2) rba.gov.au; (3) www.rbnz.govt.nz; (4) imf.org and (5) wb.org.
Read the monetary policy statements of the Reserve Bank of Australia and the Reserve
Bank of New Zealand for insights in monetary policy.
4. Other information to note
4.1 This assignment is paired-assignment and students must form a pair (2 people) for the
assignment. One person or more than two-people assignment will not be accepted, unless
permission is granted by lecturer for special circumstances. Contact Mr Atta Adu-Osae
email@example.com for permission.
4.2 Names and ID numbers of students in the group must be clearly printed on the
Assignment Cover Sheet. A member, who does not contribute to the discussion and
assignment, must be marked as “Not contributed” in a bracket following the student’s
name and ID.
4.3 You must follow an appropriate format explained below. Not following appropriate
format will cause a loss of some marks.
• All analytical contents must be clearly typed and printed. Hand-written report will NOT
• Appropriate heading or sub-title of each section must be typed and used.
• You must analyse, explain and show how and why you draw your conclusion.
• You must also draw and include appropriate and relevant graphs and tables together
in your explanation. Draw them using Microsoft Power Point/Word/Excel, NOT handdrawn.
4.4 Only ONE COPY of the research work from each group is required to be submitted.
4.5 Plagiarism (copying the paper from other group) is a serious violation of copy right. It will
be penalized and attract a VERY heavy loss of marks.
• It is not difficult to identify the contents that are copied from other group(s).
• Make sure your team member does not show your work to another group(s). Both who
show the work and who copy the work will lose their marks heavily and fail in the
• DO NOT DOWNLOAD AUTHORS’ GRAPHS AND STATISTICAL SUMMARIES. Students
must produce own graphs and summary statistics. Downloaded results will not be
• Make sure that the two of you in your group discuss and work together, read and
check everything in the research paper before submission, once completed.