The Coronavirus pandemic has engulfed every other sector in the world; Macroeconomics is not bereft of the paws of the COVID-19 outbreak either. ECON1010 is a unit that is offered by The University of Queensland, Australia. The unit takes students around several core economic principles that account for the decisions taken by individuals, organisations and government authorities.
Having guided students on this unit for more than ten years now, our economics assignment help experts also suggest various ways to enhance the process of decision-making and make optimum use of the available resources. In this blog, we will understand the types of assignments that students get for this unit and study The Macroeconomic Impact of Coronavirus Pandemic in Australia in detail. For guidance on any related topics or units, you can always rely upon My Assignment Services.
Diagnostic, Review, and Micro-Credential: ECON1010 Assignments Tasks
Talking in terms of the Macroeconomics impact in Australia, several economists have estimated that this situation will contribute to a recession. Many supply chains have already been hampered and this upheaval has also led to unusual consumer behaviour in the markets of Australia. However, the ECON1010 purview also shows the different measures that have been taken by the Australian government to sustain this pandemic scenario.
So the Macroeconomic Impact of Coronavirus Pandemic in Australia assessment will assess your role as a policy adviser who would help the government in the decision-making process. Following are the tasks that are given to you:
- Analysis: The first task is to analyse the current economic scenario and devise out policies and demonstrate its impact.
- Communicate: After applying the policies, the task is to interact with decision-makers in the government and convey your findings.
There are three parts to this assignment. Let us discuss each of the parts in detail and see how our economics assignment help experts approach this assessment.
After we discuss each of the parts in detail, we will talk about how we cater to each of the sections separately while drafting the reference assignment solutions for students.
Our economics assignment writers categorise the assignment into three sections, which are as follows:
Part A: Diagnostics
The part A in the assignment deals with the macroeconomics data interpretations. Here, the task is to assess the existing conditions of the economy with the help of the macroeconomic data that is provided. Based on this, students have to prepare a diagnostic analysis of the economy.
Part B: Policy brief report
In the second part, our economics assignment help experts guide students on various economic policies that will help them combat the Macroeconomic impacts of COVID-19. This assessment is to be written in the form of a policy brief. Also, a lot of research is needed to make this practical and useful for the clients.
Part C: Micro-credential
The final part of the assessment is information literacy. The purpose of this part is to imbibe the researching, organising and interpreting skills in students.
Now that we are clear with the different sections of this assignment, our economics assignment writers will now explain these sections with the help of ECON1010 Macroeconomic Impact of Coronavirus Pandemic in Australia Assessment that has been solved by them recently for the reference purpose of students.
Here’s How Our Expert Approaches ECON1010 Macroeconomics Assessment
Without any further ado, let us get straight to the assignment and see how to write flawless solutions for it. We will begin with Part A.
As discussed above, in the first section, our economics assignment help experts assist students in analysing and presenting a diagnostics of all the macroeconomics indicators available in the current economy. This is done by applying all the knowledge we have in this sector.
Following are the steps that you need to take for writing this section:
- First, an indicator per sheet (3 indicators) has to be chosen among the different indicators. As per our Economics assignment writers, the indicator that you choose has to be the one that is relevant for accessing recession.
- We choose 3 indicators and name them as GDP, CPI and Wage and Labour market
- The next step is to justify the reasons that encouraged you to choose the indicators. We also talk about the strengths and weaknesses of them.
- After this, we explain the economic recession periodin the given information and state the period within the chosen indicators as well.
- In the end, we make predictions about how the current pandemic crisis affects the Australian economy.
The next part of the assignment is to formulate the policy brief report. The diagnostics that we have made in the previous section have to be communicated through this. In addition to this, the policy brief will also help the government authority to make wise decisions.
For this policy brief, our economics experts keep a certain checklist in mind, which are as follows:
- The policy brief must be clear and have a specific purpose
- It should be practical and set upon accurate and credible evidence
- The policy brief has to be accessible and succinct
This brings an end to the ECON1010 Macroeconomic Impact of Coronavirus Pandemic in Australia Assessment Answer. However, this is not the complete solution for this file. In case, you require us to help you with the entire solution, then you just need to hand over all the requirements to us. It won’t take more than a few hours for us to equip you with a completely new reference solution for this assignment.
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