MAE 203 The Global Economy Estimated Reading

The Global Economy Estimated Reading


Department of Economics


Unit Code: MAE 203

Unit Name: The Global Economy Estimated Reading Time: 15 minutes Estimated Working Time: 2 hours

Estimated time for preparing and submitting your final responses to CloudDeakin Dropbox: 45 minutes

This is an Open Book Take Home Examination. You must upload your final responses as a Microsoft Word Doc and a pdf file to CloudDeakin Dropbox within 24 hours from the start time scheduled in the exam timetable.

This exam consists of three (3) questions. Answer all the questions. This exam paper carries a total of 60 marks. (This is converted to 60% of your total assessment in this unit).

Preparing and submitting your answers:

  • Download the exam answer sheet word document and save it on your computer using the file name: your-student-ID_unit-code; A hypothetical example: 123456789_MAE203.
  • Input your answers in that document by typing your response below each question number.

Keep saving your work regularly as you make progress towards completing your exam.

  • Please also insert appropriate diagrams and calculations if necessary in the answer document. Legibly draw/hand-write relevant graphs or calculations on a piece of white paper, scan it and insert it in the document along with your typed response to each question. You are allowed to use a calculator to aid your work.
  • For instructions on scanning and inserting images in the word document, please refer to Exam Preliminary Information Document that was released on the unit site prior to the exam period.
  • Upload the completed exam answer sheet word document along with a pdf copy of the same in the CloudDeakin Dropbox prior to cut-off time. Check that you uploaded the correct file.
  • Late submissions will not be marked.
  • If you encounter any technical issues with CloudDeakin, please contact the IT Service Desk online or via phone (1800 463 888; +61 5227 8888 if calling from outside Australia) and record your ticket number as evidence of technical issues during the examination period.
  • In the unlikely event that you cannot upload your completed exam paper, email it as an attachment to your unit chair [] within the submission time.

NOTE: It is important that you work individually on this exam. Your submission will be reviewed for the purposes of detecting collusion and/or plagiarism.

Answer all the questions below.

Question 1 (this question has three parts, (a), (b) & (c))

  • The following Table gives the quantities of phones and computers countries A and B can produce. [Assume the phone’s price is equal to the computer’s price].
Country ACountry B

(i) Can you tell which country has a comparative advantage in producing phones and which country has a comparative advantage in producing computers? Explain your reasoning.

  1. Assume that country A is currently producing 500 phones and 200 computers while country B is currently producing 400 phones and 300 computers. Show that both can be better off if they specialise in producing one good and then engage in trade. How much gain will they receive from trading, respectively?
  2. If country B invented a new technology and can produce 1000 phones and 0 computer, or 500 phones and 300 computers [all other numbers do not change], then do you think country B should trade with country A? Why, or why not?

[3+2+2 marks]

  • The following table contains information about prices and quantities in a hypothetical economy for three years. Using this information, calculate the economic growth rate between 2020 and 2019.
 2013 (base year)20192020
Energy drinks$220$430$540
Second hard Books$3010$3520$4022

[6 marks]

  • The following table contains information about a hypothetical economy for the year 2020. i) Calculate the unemployment rate and labour force participation rate; ii) What will happen to unemployment rate if 20% of full- time university students graduated and started to look for jobs in 2020? iii) What would happen to the unemployment rate if coronavirus suddenly disappeared, and explain why the unemployment rate would change? iv) Suppose that among these 0.8 million unemployed workers, 40% of unemployment is due to cyclical factors. Then, how much is the natural rate of unemployment?
Discouraged workers0.3 million
Unemployed0.8 million
Full time retirees or unable to work3 million
Full time university students0.5 million
Defence force personnel75,000
Employed12 million

[2+2+1+2 marks]

Question 2 (this question has three parts, (a), (b), and (c))

  • JobKeeper Payment was a subsidy scheme designated to help businesses affected by the COVID-19 pandemic. Use the supply and demand of loanable funds to discuss how the JobKeeper scheme could affect the equilibrium interest rate. Assuming that Australia is a closed economy, how could the JobKeeper scheme affect private, public and national savings while assuming national income and household consumption remain constant?

[2+4 marks]

  • The government budget will be in deficit due to the JobKeeper Payment scheme. This may reduce government spending on infrastructure and cause government to increase personal income tax and business tax in the near future. Suppose that Australia is a closed economy, use the dynamic AD, SRAS and LRAS framework to analyse and demonstrate the impact of the JobKeeper Payment scheme on the level of output (or real GDP), unemployment, and inflation.

[4+4 marks]

  • Suppose that Australia is an open economy. The US Federal Reserve injected more than $1.5 trillion into the markets in 2020. How do you think this could affect your results in (b)?

[3+3 marks]

Question 3 (this question has two parts, (a) & (b))

  • Suppose the following table describes the expenditure components of real GDP, potential GDP, and the price level for the Australian economy in 2019 and 2020:
YearPotential GDPPrice LevelCIGNX
2019$500 billion100266 billion113 billion102 billion19 billion
2020$500 billion100246 billion103 billion102 billion9 billion

The government wants to use fiscal policy to combat the fall in real GDP in 2020 in the short run. If the SRAS curve did not shift in 2020, what should the value of government expenditures be (show your calculations) to bring the economy back to potential GDP? Illustrate the effect of this policy in the static AD, SRAS, and LRAS framework.

[7+3 marks]

  • In response to the COVID-19 pandemic, on the 18th of December 2020 the European Union passed the NextGenerationEU stimulus package of 1.8trillion euros. To finance the NextGenerationEU, the European Commission will borrow on behalf of the European Union. Using a graph of demand and supply of dollars for euros, explain how will this affect the exchange rate between the Australian dollar and the Euro. How would the result change if private savings in Australia decrease?

[5+5 marks]


Order Now

Get expert help for The Global Economy Estimated Reading and many more. 24X7 help, plag free solution. Order online now!

Universal Assignment (June 1, 2023) MAE 203 The Global Economy Estimated Reading. Retrieved from
"MAE 203 The Global Economy Estimated Reading." Universal Assignment - June 1, 2023,
Universal Assignment March 21, 2023 MAE 203 The Global Economy Estimated Reading., viewed June 1, 2023,<>
Universal Assignment - MAE 203 The Global Economy Estimated Reading. [Internet]. [Accessed June 1, 2023]. Available from:
"MAE 203 The Global Economy Estimated Reading." Universal Assignment - Accessed June 1, 2023.
"MAE 203 The Global Economy Estimated Reading." Universal Assignment [Online]. Available: [Accessed: June 1, 2023]

Please note along with our service, we will provide you with the following deliverables:

Please do not hesitate to put forward any queries regarding the service provision.

We look forward to having you on board with us.

Get 90%* Discount on Assignment Help

Most Frequent Questions & Answers

Universal Assignment Services is the best place to get help in your all kind of assignment help. We have 172+ experts available, who can help you to get HD+ grades. We also provide Free Plag report, Free Revisions,Best Price in the industry guaranteed.

We provide all kinds of assignmednt help, Report writing, Essay Writing, Dissertations, Thesis writing, Research Proposal, Research Report, Home work help, Question Answers help, Case studies, mathematical and Statistical tasks, Website development, Android application, Resume/CV writing, SOP(Statement of Purpose) Writing, Blog/Article, Poster making and so on.

We are available round the clock, 24X7, 365 days. You can appach us to our Whatsapp number +1 (613)778 8542 or email to . We provide Free revision policy, if you need and revisions to be done on the task, we will do the same for you as soon as possible.

We provide services mainly to all major institutes and Universities in Australia, Canada, China, Malaysia, India, South Africa, New Zealand, Singapore, the United Arab Emirates, the United Kingdom, and the United States.

We provide lucrative discounts from 28% to 70% as per the wordcount, Technicality, Deadline and the number of your previous assignments done with us.

After your assignment request our team will check and update you the best suitable service for you alongwith the charges for the task. After confirmation and payment team will start the work and provide the task as per the deadline.

Yes, we will provide Plagirism free task and a free turnitin report along with the task without any extra cost.

No, if the main requirement is same, you don’t have to pay any additional amount. But it there is a additional requirement, then you have to pay the balance amount in order to get the revised solution.

The Fees are as minimum as $10 per page(1 page=250 words) and in case of a big task, we provide huge discounts.

We accept all the major Credit and Debit Cards for the payment. We do accept Paypal also.

Popular Assignments

NURBN3034 Assessment Task

NURBN3034 Assessment Task 1a Global Health Issues Group ePoster Presentation Weighting: 30% Due date: Thursday August 18th 13.59pm each group Purpose: The purpose of this learning task is to choose one of the following global health issues that under the right conditions has or is likely to have a significant

Read More »

ISYS3375 Business Analytics

School of Business, IT and Logistics — ISYS3375 Business Analytics Assessment 2: Case Study Assessment Type: Individual report                                               Word limit: 2000-3000 (+/– 10%) Each Table or Figure is counted as Due date: Sunday of Week 5 23:59 (Melbourne time) Weighting: 35% 50 words + the number of words in its

Read More »

NURBN3032 Task 2: Managing a Transition to Practice Issue

NURBN3032 Task 2: Managing a Transition to Practice Issue Weight: 60% Due: Thursday 18th May (Week 11) In this task, students are required to demonstrate knowledge relating to understanding and addressing a transitional issue that can affect new graduate nurses. Using evidence from current scholarly literature (i.e., less than seven

Read More »

ATS2561 Sex and the Media

Assessment Guide – Research Essay Due: Friday Week 12, submit on Moodle Weighting: 40% Length: 2000 words Write an essay responding to one of the following questions/topics: ‘objectifying’ images might be different, or that they should be understood as the same, for men and women. Your argument should address why

Read More »

ITC597 Digital Forensics

ITC597 Digital Forensics – SAMPLE EXAM ONLY This paper is for Distance Education (Distance), Port Macquarie, Study Centre Sydney and Study Centre Melbourne students. EXAM CONDITIONS: NO REFERENCE MATERIALS PERMITTED No calculator is permitted No dictionary permitted WRITING TIME:                     2 hours plus 10 minutes reading time Writing is permitted during

Read More »

Simulation Project- Computer Lab Project

Model and analyse the communication tower at the Casuarina campus. Apply dead, live and wind load as per in AS 1170 or other relevant standards in SAP2000. You should measure size of the elements as far as you can from or make reasonable assumptions about the dimensions. Reasonable assumptions should

Read More »

COM621 UX Strategy

Solent University Coursework Assessment Submission Module Name:    UX Strategy Module Code:    COM621 Module Leader: Assessment Submission Date: Student Number: UX Strategy Contents Part 1 – Introduction to System (1K words) 2 1.0 Introduction. 2 1.1       Current SUAA UX Design and Business Model 2 1.2       Academic and Market Research. 3 1.3      

Read More »

MIT302 Internet of Things

Group Presentation and Video (part 2) Unit:             MIT302 Internet of Things Due Date:       09/06/2023 Total Marks:    This assessment is worth 10% of the full marks in the unit. Instructions: 1.        Students are required to cover all stated requirements. 3.        Please save the document as: MIT302_Firstname_Surname_StudentNumber[assessment1].ppt Requirements: Write a PowerPoint of

Read More »

MBA600 Capstone: Strategy

Assessment 1 Information Subject Code: Subject Name: Assessment Title: Assessment Type: Length: Weighting: Total Marks: Submission: Due Date: MBA600 Capstone: Strategy Competitive Advantage Video Project Individual video recording 5 minutes (no more) 25% 100 Online Week 5 Your task Individually, you are required  to record a 5-minute video, in which 

Read More »


Background You are a newly graduated nurse in the emergency department. Tom has been admitted with left abdominal pain radiating through to the back exacerbated by eating and drinking. The pain has significantly increased over the past two days and he currently rates it as 9/10. He has been unable

Read More »

Strategic Management Assignment

Assignment: Prepare a Comprehensive Strategic Management Analysis Report of Infosys Task: You need to develop a max 3,000-word Comprehensive Strategic Management Analysis Report addressing the four specific tasks set out in the strategic management assignment brief. The 3,000 words, exclude the Title, Abstract, Table of contents, Bibliography and Appendices. The company

Read More »


Progress: What is going on well CHALLENGES (WORKING REMOTELY) AREAS FOR DEVELOPMENT STRENGTHS NEXT PART OF PLACEMENT MULLER, 2014 The power of story Song line and dreaming tracks Defining knowledge, theories, and purposes: The most significant part was likened to a snake whose tail was cut off, and it had

Read More »


Background Local hemp products development company Quattro-Canna Holdings has signed a licence agreement with hemp processing equipment developer, Canadian Greenfield Technologies, to manufacture the HempTrain decorticator plant, designed for mass-processing of hemp straw- bales into bast fibre, hurd and green microfiber (GMF), in South Africa. The HempTrain will be manufactured

Read More »

Information Booklet Scaffold

An information booklet contains-relevant information on a topic for a particular target audience. The format of an information booklet can vary, however, there are common elements, including: The following process can support you in developing an information booklet on a topic for a particular audience. There are three stages to

Read More »

CHCCSM004 Coordinate Complex Case Requirements

Assessment Task 1: Written Questions b. List and describe eight of a coordinators responsibilities. a. Explain how information about external service providers might be sourced. b. List three circumstances it might be necessary for a coordinator to use external service providers to ensure that a consumer’s care plan meets their needs and

Read More »

BU7401 Leadership in Action

A: Assessment Details Module Title Leadership in Action Module Code BU7401 Module Leader Component Number 1 Assessment Type, Word Count & Weighting Individual written assignment 4000 words 100% of module grade Submission Deadline 21/10/2022 Submission Instructions Online submission using Turn It In Feedback Return Date 4 weeks after submission B:

Read More »

Management Research Perspectives

SBS – DBA Assignment – 2023 UNIT TITLE:                                            NAME (in Full):                                                               GENERAL INSTRUCTIONS converted to 90 marks. Total Marks                      / 90 PLAGIARISM Plagiarism is a form of cheating, by representing someone else’s work as your own or using someone else’s work (another student or author) without acknowledging it

Read More »


I.        Executive Summary           The executive summary is a synopsis of the overall marketing plan and easier to write last, after the entire marketing plan has been written. II.       Environmental Analysis Micro Analysis:                     Competitive forces (Five Force Analysis)                               Who are our major competitors?  What are their characteristics (size,

Read More »

MQBS7030 Final Assessment Data Analysis and Report

ASSIGNMENT TASK: For this assignment, you need to refer to “Fringe” dataset. Fringe is concerned with the factors that contribute to the fringe benefits of employees. The dataset includes a range of different variables, which allows for a range of different tests to be performed. You should note that our

Read More »

MIS770 Foundation Skills in Business Analysis

MIS770 Foundation Skills in Business Analysis Department of Information Systems and Business Analytics Deakin Business School Faculty of Business and Law, DeakinUniversity Assignment Two Analysis of Click Sales Data Particulars Assurance of Learning This assignment assesses the following Graduate Learning Outcomes and related Unit Learning Outcomes: Graduate Learning Outcome (GLO)

Read More »

ITECH7407 – Real Time Analytics

Assessment Task – Data Analytics Assignment Overview For this assessment task, you will work in a group to analyse a selected data set, and provide recommendations to the leadership of the company based on your findings. Timelines and Expectations Percentage Value of Task: 25% Due: Week 11, Sunday 5pm Minimum

Read More »

BSB123 Data Analysis

BSB123 Data Analysis Research Report Assessment Semester 1, 2021 Due Date: 11:59 30th May The data for the Assignment can be found in the file Research Report Assessment (2021-01).xlsx on Blackboard The Problem FringeTech is an information technology / electrical engineering company that employs thousands of people Australia wide. Recently

Read More »

Final Analysis Assignment Help

Refer to the attached excel file, answer the questions below. Use graph if required. The file that can be accessed through the link below contains data on 100 employees in a particular occupation. Suppose that interest centres on investigating the factors that explain salary differences. The data set contains the following

Read More »

VETS6103 Data Analysis Assignment

Factors influencing milk production in Australian dairy cattle Assignment overview: This assignment involves analysing a dataset, interpreting results, and drawing conclusions based on the analyses. The dataset can be found in the file “practical_assignment_2021.xls” which is on Canvas under the Assignments folder. It is a group task worth 50% of

Read More »


ECON 1030 – BUSINESS STATISTICS 1: Individual Assignment   Instructions: This is an individual assignment with a total of 40 marks. The allocation of marks is as follows: Statistical Analysis     (including excel) 32 Professional Report 8              Total 40 The response to the assignment must be provided in the form

Read More »

Can't Find Your Assignment?

Open chat
Free Assistance
Universal Assignment
Hello 👋
How can we help you?