Economics Assesment Task 2010 Essays - 2395 Words

Synopsis: In 2009, the world experienced a Global Financial Crisis (GFC) which caused recession in most advanced nations around the world. In an effort to combat this, the Australian Government created a Stimulus Package to increase aggregate demand. The treasurer, Wayne Swan proposed that $42 billion would be given to both individuals and businesses to lessen the impact of a recession. The package included a one off $950 payment to low and middle-income families, individuals, famers, students and other groups. The Stimulus Package was also aimed at the construction of new buildings and upgrades, as well as roadworks. The Government also intended to give 9,540 schools around the country, a grant to build a new hall or canteen.†¦show more content†¦Macroeconomic policies are used to maintain and smooth out the fluctuation of the business cycle to keep the growth rate constant. There are two types of macroeconomic policy, Fiscal and Monitary. Fiscal Policy is a macro policy that allows the Government to increase or decrease the amount of economic growth by either increasing or reducing the level of taxation and Government spending. The annual budget is an example of fiscal policy. Fiscal policy takes a long time to implement as it can only be changed every 12 months but goes into effect immediately. The Monetary Policy is used to influence the amount of growth sustained in an economy. Things such as interest rates and overnight loans force people to spend or save to control the amount of growth. These rates however, are not controlled by the Government, but a separate government funded organization called the Reserve Bank of Australia (RBA). Its role is to maintain financial stability and to ensure that the flow of funds between savers and investors is smooth and steady, as well as to increase economic growth safely. The interest rates are changed every month and are quick to implement, but take a long time to go into effect. Microeconomic Reforms are also used to maintainShow MoreRelatedCase Study : Developing Successful Business3492 Words   |  14 Pagesemployee and the total teams has while performing a team work. Contents Executive Summary 2 Introduction 4 Task I Understanding the features of successful business teams 5 1.1 Characteristics of successful business team 5 1.2 Importance of team roles in successful in successful business teams 6 1.3 Value of using theoretical models when building successful business team 7 Task 2 being able to support team development 8 2.1 The stages of team development 8 2.2 Plan of how to motivate team membersRead MorePfizer Case Study Essay5236 Words   |  21 Pages2012) Table of Contents: 1. Part One: Evaluation of the External Environment a. Introduction 4 b. Opportunities and Threats 6 i. Assessment of Societal (Remote) Environment ii. 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