Question
using MS PowerPoint that explains and illustrates the impacts that the COVID-19 pandemic of 2019/2020 had on the Australian economy. You will do so by
using MS PowerPoint that explains and illustrates the impacts that the COVID-19 pandemic of 2019/2020 had on the Australian economy.
You will do so by comparing the three main macro-economic indicators - GDP growth, inflation and unemployment - in April 2020 to a point in time post to the pandemic and bushfires (post- April 2020), then you will illustrate and explain the impacts using the AD-AS model. Provide references that support your work and submit your slides and a link to your video for marking.
250 words
Suggested procedure
Visit the Snapshop Comparison tool on the Reserve Bank of Australia website:.
Compare key ecnomic indicators - GDP growth, inflation and umeployment rate in April 2020 to any month and year Post to May 2020.
Create a narrated (by you) video, approximately two to three minutes in length,using MS PowerPoint* https://www.youtube.com/watch?v=Wcfm1wdPQbE The video should include the following:
A comparison of the key economic indicators in April 2020 to a month and year post to May 2021.
A graph using the AD-AS model that illustrates the impacts of the bushfires and the COVID-19 pandemic on GDP, unemployment and price level. Use the drawing tools in MS PowerPoint to create your graph. https://www.youtube.com/watch?v=L4TPfHitbKI
References to support your explanations on the last slide of your presentation.
Submit your presentation on the course website.
Marking criteria
Ability to provide succinct, effective definitions of the three main macroeconomic indicators in such a way that someone with little to no familiarity with them will understand what they are and their influence on the economy
Clarity and accuracy of your comparing the points in time
Clarity and accuracy of your explanation of the graph and elements
Clarity and accuracy of how and why the bushfires and COVID-19 impacted the three
key economic indicators
Presentation skills
References provided for your definitions, etc. are from credible, academically
appropriate resources
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