This economics case study examines the global financial crisis that originated in the United States in 2007 and its widespread impact on global economies. It discusses the causes of the crisis, including the subprime mortgage crisis and the bursting of the housing bubble, as well as the responses of governments and central banks. The study further analyzes the implications of economic slowdowns and government debt, using the Greek debt crisis as an example. Finally, it explores the economic relationship between Australia and China, highlighting the trade and investment ties between the two countries and the potential impacts of China's economic policies on Australia. This assignment provides a comprehensive overview of key economic concepts and their real-world applications. Desklib provides a platform to access similar solved assignments and past papers for students.