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PACC6009 Business Law : GDP and Real Interest

Obtain data on key macroeconomic indicators: real GDP, interest rates, unemploymentrate, CPI and inflation rate, exchange rate, exports and imports.
Produce summary statistics (in tabular form) of real GDP growth rates, inflation rates,unemployment rates, exchange rates, real interest rates and the rate of change of netexports (NX) and briefly comment on each variable.
Produce pair-wise graphs of real GDP growth rates, inflation rates, unemployment rates,exchange rates, real interest rates and the rate of change of net exports (NX).
Use the information obtained in (2.2) and (2.3) above to answer the following questions:Critically analyse and discuss plausible economic explanations, including the role of government policy (fiscal or monetary), for the salient relationships between realGDP growth and other indicators.
Based on your summary statistics, graphs and analysis and discussion above, write a short prediction of the macroeconomic outlook of Australia. Is Australia likely to experience a recession or expansion soon?
Research requirements, presentation and source of data
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 lecturer/tutor.
Other information to note
This assignment is paired-assignment and students must form a pair (2 people) for theassignment. One person or more than two-people assignment will not be accepted, unless permission is granted by lecturer for special circumstances.
Names and ID numbers of students in the group must be clearly printed on the Assignment Cover Sheet. A member, who has not contributed to the discussion and assignment, must be marked as Not contributed in a bracket following the student's name and ID.

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