Course Learning Outcomes: 2 & 3Topic/s of Primary Focus: Macroeconomic Fundamentals Aggregate Supply and Aggregate Demand Money and Inflation(May also include content from previous topics.)For this assignment, you will refer to the Reserve Bank of Australia’s October Monetary Policy Decision media release, available at the below link:https://www.rba.gov.au/media-releases/2021/mr-21-22.htmlThe minutes of that meeting may also be of use: https://www.rba.gov.au/monetary-policy/rba-board-minutes/2021/Task:For this assignment, you are asked to provide your own analysis of RBA’s October Monetary Policy decision. This must be in your own words, and reflect you own understanding and application of course content .As part of this analysis, ensure that you include and focus on the following:•The reasons for the RBA’s decision, including reference to various economic variables and what they indicate about the state of the economy and what policies might be appropriate. •What the policy position, particularly the main position around the cash rate target ,means in terms of the RBA’s implementation, and how that is transmitted to impact economic activity. Make sure to use key terminology and course concepts where appropriate .Format: The format of your response should be an essay-style response .You do not need to spend as much attention on formal essay structure as you might for a persuasive or research-based essay. Instead you should focus on communicating your ideas in a clear and concise manner and making sure there is a logical flow of ideas and explanation .Word Limit:800 words (excluding diagrams and references)
2Diagrams:Whereyou use diagrams of course models, it is best if they are created by you. You could either draw them by hand and scan/photo them into your document. Or prepare them electronically. However ,they should be your own work to better reflect your understanding .If you wish to include diagrams or tables of data from other sources, you can also do that with clear and appropriate referencing .Referencing: This is not a research assignment. So you do not necessarily need to find other references. You should answer the question based on what you have learnt in the course and the linked RBA page/s .However, it is important that if you do take content directly from other sources including course materials, both quoting and paraphrasing, that you appropriately reference to show what is your own original thoughts and what ideas you have borrowed from others. Please refer to the Academic Integrity Module within the course for further guidance and links regarding referencing, plagiarism, and academic integrity .Where referencing is used, it can be in any standard style, so long as it is consistent. The Harvard referencing style is preferred, as it is the standard in Economics and is also common in Business disciplines.https://www.adelaide.edu.au/writingcentre/resource…-guidesAll submissions will be analysed with the assistance of Turn it in, checking for plagiarism against other students in the class and external sources
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