Economics for Management (23706) Autumn 2022 Assignment Topic and instructions Background: "Australia has reopened its international border for the first time in nearly two years, bringing joyful family reunions and a boost to tourism. The country imposed some of the world's strictest travel bans after shutting itself off in March 2020 due to Covid... More than 50 international flights were due to land on Monday. Travellers can enter all states except Western Australia, which remains closed until 3 March and will require three jobs. "What wonderful, wonderful news for our tourism industry and the 660,000 people employed in it,' said Minister for Trade, Tourism and Investment Dan Tehan. Australia had about 9.5 million overseas visitors in 2019. Mr Tehan said he hoped for a strong rebound in the tourism sector, which has been hit by domestic travel bans too.. "It is not going to be a magic recovery, " said Careem Angel, from Josophan's Fine Chocolates. Rebuilding Australia's multi-billion-dollar travel industry will take time." Given the above statement: Your manager has asked you to provide 7 to 8 Powerpoint slides, using the key Macroeconomic Variables and their relevant factors (L1 & L2) and then applying them to a Macroeconomic model (L2 & L3) to analyse the impact of the increase in tourism sector on the Australian economy. You are also required to further comment on the key macroeconomic indicators (L1). Based on your assessment, make a forecast of how our Central Bank (RBA) may move the cash rate (24) in the next 6 months to ameliorate the impact. In your assessment and forecast, please use all resources available till mid-March 2022, and forecast for the months April to September 2022. Assignment Totals (20%) Part 1: Group (4 members): Prepare 7 to 8 Powerpoint slides (10%), including the reference list, due on Friday April 22, at 11:55pm to be uploaded on Canvas. Written submission of PowerPoint slides only, no class presentation required. Note: use dot points to present the information and graphs. Part 2: Individual Memos (5% content; 5% language) due on Friday May 6, at 11:55pm to be uploaded on Canvas