Economics 14: Analysis of Economic Factors in Western Australia

This report, prepared for Economics 14, provides a comprehensive analysis of the Western Australian economy. It examines the impact of government funding cuts on various sectors, including public services, health, education, and transportation, and their effect on the state's growth rate and GDP. The report analyzes the role of exchange rates and the mining sector, highlighting their influence on exports, imports, and employment. It critically assesses the potential consequences of cutting unemployment benefits and comments on the challenges facing the university sector due to funding shortages. The report further explores the influence of funding exhaustion on the housing market, interest rates, private investment, and overall economic output. It concludes by suggesting strategies to mitigate the negative impacts of funding cuts and discusses future growth prospects for Western Australia, offering a detailed macroeconomic perspective on the region's economic challenges and opportunities.