Report on ONE of the following two options: i) policy challenges and options identified by the Australian central bank (the RBA) in the light of COVID-19. ii) policy challenges and options identified...

Report on ONE of the following two options:

i) policy challenges and options identified by the Australian central bank (the RBA) in the light of COVID-19.

ii) policy challenges and options identified by the Australian Commonwealth Treasury in the light of COVID-19.

In your report, also consider the impact of these policy responses on business conditions in one Australian industry. (Aim for between 100 and 400 words.) This industry may be the one in which you plan or hope to find a future career or find business opportunities. If you are an overseas student, imagine that you are located in Australia.

It is allowable to consider likely interconnections between fiscal and monetary policy, if appropriate. It is allowable to refer to how Australian policy options or debates may differ from those in another country.

Total length: 1700-2100 words, excluding references and citations.

*Articles used should be from May 2020

One aim is for you to explore key official websites

• 
  

  So I don’t recommend relying solely on reporting what other people (e.g. business
  analysts) think
  • Or what they claim that policy-makers are thinking

  
  


• 
  

  Commentary by chief or senior economists at the major banks is more likely to be reliable than newsletters of consultants to help you understand the basic issues

  
  


• 
  

  Commentary by journalists can be spotty
  • Ross Gittens in the Sydney Morning Herald is usually above average
  • Note: avoid a journalistic tone in your Report
  • Be a neutral observer and reporter; go very easy on venting your opinions

  
  


• 
  

  Although confirmation by third parties can be useful and reassuring, check the RBA or Treasury websites yourself

  
  


• 
  

  The Treasurer’s comments don’t always reflect the Treasury’s views...
  

  
  

  Indicative Rubric Assignment One: Draft

  
  

  Out of the 50 marks available 5 to 10 marks are allocated to the industry analysis [bottom row] depending on the size of its contribution relative to the whole paper. Note that poor style and poor research are likely to cause poor content: the criteria are not entirely independent.

  
  

  
  
  
  

  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  

  Style 30%	Content delivery 50%	Research 20%
  Spelling, punctuation, word selection. (Reasonable allowance is made if English is not the writer’s first language.) Format and professional appearance (e.g. standard reasonable font, layout on page). Accurate/reasonable estimate of word count. Referencing and citation are appropriate and consistent. Efficient, direct prose (lack of padding). Appropriate tone (e.g. not dogmatic, emotional or disrespectful etc.) The report may be written as a formal, structured report or as an essay.	Evidence and viewpoints are presented and well weighed Well-chosen and well presented evidence Clarity and focus (relevance) Shows understanding of the research appropriate to a level 2 course. Flow, coherence and structure Persuasive Fair and balanced Penetrative, not shallow Shows ability to go into more depth when desirable and compress lower-priority material	Diligence in search: has found useful sources Well chosen (suitably authoritative) sources directly from the relevant government agency
  Is this worthy of being presented to the writer’s boss?	Impact on industry conditions An ability to apply insights about business conditions and likely impacts of government policy in a non-trivial way. To apply insights specifically to the nominated industry, or a subset of industries affected in a similar way.	Impact on industry conditions Level of knowledge of the industry is sufficient: research is desirable but direct knowledge is OK