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International Economics

Late submission will not be accepted. Failure to submit the major report by due date will attract 2% of total mark per day.
Place of Submission: You have to hand in person during the tutorial or hand over personally into the assignment box, Building H, Level 4, Economics Section.
Worth: 30 percent of total assessment
Length: 2500 words (excludes Tables, Graphs and References)
Topic: You are employed by the Department of Industry, Commerce and Trade as a Research Staff Member in Australia (or in any other country with your choice). Minister David Ray has been asked several questions lately in identifying major drivers of growth, employment and trade of your economy. The Minister is new to the portfolio and has very limited knowledge in Economics. He has requested to his Department to prepare a brief report on this topic. The Minister’s memorandum of request has been assigned to you. As a research staff you are free to select any country. Please make sure the report should be based on your individual effort. This is your first briefing official report, and your Divisional Director instructs you to make sure that you cover all points made by the Minister in his memo of request. After receiving report from each member from his department, your Divisional Director will summarise the findings in implementing future policies which will boost both trade and growth.
Your report should include the following issues:
1. Measuring growth of a particular economy, trends over the years, major trading partners, major trading items.
2. Identify trade oriented sectors of the economy and relate these with overall growth and employment.
3. Identify major policy changes in recent years which may influence trade and growth
4. Provide Tables/Graphs to support your argument.
5. Summarise major findings with some indications for implementing future policies.
Please remember:
i)    The minister is in dark in this area! He needs to know all basic concepts. You need to be very clear in explaining all related concepts. However, this is a report not an essay. Therefore, do not explain any Economics jargons in detail.
ii)    ii) The Minister is fanatical about two things: Clear presentation and maintaining Deadlines. Be sure to follow the advice given below for the presentation of your written work.

Presentation of Written Work:
a) Make sure you have name, degree code and student ID number in the front cover sheet. The report should be stapled in one corner. Please do not use any folder.
b) The report must be typed. Pages should be properly formatted
c) Any graphs or diagrams must be adequately labelled, and accompanied by a sufficient commentary to indicate their meaning and purpose.
d) Publication details of all works cited should appear at the end of the report, under the heading ‘References’. An acceptable format such as,
Baumol, William (1986), ‘Productivity Growth, Convergence and Welfare’, American Economic Review, 76, pp 1072-85.
e) Be sure to keep a hard copy (and a backup disk).
f) Co-operation in identifying key concepts to prepare any report is a useful learning practice and is encouraged in this unit. However, students must prepare their written work individually. You should quote all references and any kind of plagiarism will be severely penalized. Include the faculty assignment cover sheet. If a student is found to have committed plagiarism or another form of cheating the penalty may include disallowance of the work (zero marks).
Useful sites (information) as your
starting point if you choose Australia as your country: http://www.rba.gov.au/speeches/2013/sp-dg-261113.html http://www.dfat.gov.au/publications/trade/trade-at-a-glance-2012.html http://archive.treasury.gov.au/igr/igr2010/report/pdf/IGR_2010.pdf http://grattan.edu.au/home/productivity-growth/australian-productivity-performance. http://www.abs.gov.au/AUSSTATS/[email protected]/lookup/1301.0main+features12005 –also look at the latest edition of Yearbook Australia.
You are encouraged to go through other materials as well.

Sample Answer

Compelling correspondence is essential to the achievement all things considered but since of the changing idea of the present working environments, successful correspondence turns out to be more troublesome, and because of the numerous impediments that will permit beneficiaries to acknowledge the plan of the sender It is restricted. Misguided judgments.In spite of the fact that correspondence inside the association is rarely completely open, numerous straightforward arrangements can be executed to advance the effect of these hindrances.

Concerning specific contextual analysis, two significant correspondence standards, correspondence channel determination and commotion are self-evident. This course presents the standards of correspondence, the act of general correspondence, and different speculations to all the more likely comprehend the correspondence exchanges experienced in regular daily existence. The standards and practices that you learn in this course give the premise to additionally learning and correspondence.

This course starts with an outline of the correspondence cycle, the method of reasoning and hypothesis. In resulting modules of the course, we will look at explicit use of relational connections in close to home and expert life. These incorporate relational correspondence, bunch correspondence and dynamic, authoritative correspondence in the work environment or relational correspondence. Rule of Business Communication In request to make correspondence viable, it is important to follow a few rules and standards. Seven of them are fundamental and applicable, and these are clear, finished, brief, obliging, right, thought to be, concrete. These standards are frequently called 7C for business correspondence. The subtleties of these correspondence standards are examined underneath: Politeness Principle: When conveying, we should build up a cordial relationship with every individual who sends data to us.

To be inviting and polite is indistinguishable, and politeness requires an insightful and amicable activity against others. Axioms are notable that gracious “pay of graciousness is the main thing to win everything”. Correspondence staff ought to consistently remember this. The accompanying standards may assist with improving courtesy:Preliminary considering correspondence with family All glad families have the mystery of progress. This achievement originates from a strong establishment of closeness and closeness. Indeed, through private correspondence these cozy family connections become all the more intently. Correspondence is the foundation of different affiliations, building solid partners of obedient devotion, improving family way of life, and assisting with accomplishing satisfaction (Gosche, p. 1). In any case, so as to keep up an amicable relationship, a few families experienced tumultuous encounters. Correspondence in the family is an intricate and alluring marvel. Correspondence between families isn’t restricted to single messages between families or verbal correspondence.

It is a unique cycle that oversees force, closeness and limits, cohesiveness and flexibility of route frameworks, and makes pictures, topics, stories, ceremonies, rules, jobs, making implications, making a feeling of family life An intelligent cycle that makes a model. This model has passed ages. Notwithstanding the view as a family and family automatic framework, one of the greatest exploration establishments in between family correspondence centers around a family correspondence model. Family correspondence model (FCP) hypothesis clarifies why families impart in their own specific manner dependent on one another ‘s psychological direction. Early FCP research established in media research is keen on how families handle broad communications data. Family correspondence was perceived as an exceptional scholastic exploration field by the National Communications Association in 1989. Family correspondence researchers were at first impacted by family research, social brain science, and relational hypothesis, before long built up the hypothesis and began research in a family framework zeroed in on a significant job. Until 2001, the primary issue of the Family Communication Research Journal, Family Communication Magazine, was given. Family correspondence is more than the field of correspondence analysts in the family. Examination on family correspondence is normally done by individuals in brain science, humanism, and family research, to give some examples models. However, as the popular family correspondence researcher Leslie Baxter stated, it is the focal point of this intelligent semantic creation measure making the grant of family correspondence special. In the field of in-home correspondence, correspondence is normally not founded on autonomous messages from one sender to one beneficiary, yet dependent on the dynamic interdependency of data shared among families It is conceptualized. The focal point of this methodology is on the shared trait of semantic development inside family frameworks. As such, producing doesn’t happen in vacuum, however it happens in a wide scope of ages and social exchange.

Standards are rules end up being followed when performing work to agree to a given objective. Hierarchical achievement relies significantly upon compelling correspondence. So as to successfully impart, it is important to follow a few standards and rules. Coming up next are rules to guarantee powerful correspondence: clearness: lucidity of data is a significant guideline of correspondence. For beneficiaries to know the message plainly, the messages ought to be sorted out in a basic language. To guarantee that beneficiaries can without much of a stretch comprehend the importance of the message, the sender needs to impart unmistakably and unhesitatingly so the beneficiary can plainly and unquestionably comprehend the data.>

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