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ACBUS108A Applied Economics Assignment

Added on - 30 Sep 2021

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Running head: ECONOMICS ASSIGNMENT
Economics Assignment
Name of the Student
Name of the University
Author Note
ECONOMICS ASSIGNMENT1
Executive Summary
The economy of Australia has been showing considerably positive growth trends in the recent
period, much of which can be attributed to the increase in consumption and investment
expenditure and industrial growth in the country. The rate of interest, which has been
deliberately kept low (at 1.5%) by the RBA, can be seen to be facilitating the growth.
However, the rate of interest is expected to increase to some extent in the coming period, in
response to high consumption demand, inflation rate and demand for domestic currency.
This, in turn, is expected to have mixed impacts on the budget of the concerned company, as
it is expected to make imports cheaper but is also expected to increase the burden of loan of
the concerned company.
ECONOMICS ASSIGNMENT2
Table of Contents
Introduction................................................................................................................................3
Dynamics in the economy of Australia in the recent period......................................................3
Forecast of the rate of interest in Australia................................................................................6
Reasons behind the dynamics in rate of interest in Australia....................................................7
Effects on the concerned business..............................................................................................7
Conclusion..................................................................................................................................8
References................................................................................................................................10
ECONOMICS ASSIGNMENT3
Introduction
In the contemporary period, owing to Globalisation, trade liberalisation and
technological as well as infrastructural developments across the globe, the business
environment in the global scenario has become more integrated, interconnected and inclusive.
The businesses in a country and their operations, decisions as well as outcomes (profits,
revenues, clientele, market expansions and sustainability) depend considerably on the
conditions of the economy of the country, as well as on the effects of exogenous factors on
the same, which in turn can be seen to be captured in the performance of the various
economic indicators of the country (Holland 2018).
Keeping this into consideration, the concerned report, tries to analyse the dynamics of
one of the most significant economic indicators (rate of interest) of Australia, thereby
examining its dynamics and forecasting the values of the same in the coming months. Based
on the same, the report tries to forecast the implications of the same on the budgets and
operations of the concerned client, who is an importer of retail goods and also has a variable
interest rate loan of a significant amount.
Dynamics in the economy of Australia in the recent period
The economy of Australia can be considered to be one of the most stable and
dominant developed economies across the globe. Being primarily a mixed market economy,
the country ranks second internationally, in terms of the wealth per adult person in the
country (Dyster and Meredith 2012). Over the years, the country has also experienced
considerable growth in the industrial aspects (especially in manufacturing, mining and service
sectors), which in turn has also resulted in increase in the population of the country, which
also includes huge number of immigrants coming to the country from all over the world, for
economic purposes.
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