Econ assignment 1
enla
ECON24MonetaryEconomics_Assignment1.docxECON24 Monetary Economics Assignment Part 1
ECON24 Monetary Economics Assignment Part 1
(Course assessment weighting 10%)
IMPORTANT: Start early; know penalties exist for late submission and ensure you reference appropriately and correctly.
Instruction:
· This is ECON24 assignment part 1, comprising 10% weight of total mark.
· Total mark for this quiz is 80, and that will be scale down to 10 marks in your final result.
· Submission should be pdf or word format.
· Please email your answer to before due date
· Late submission will apply penalty: 1 mark off each day (out of 10)
First quote: AUD/USD
1. Provide some facts about the FIRST currency in your chosen quote. (That is, if your quote is AUD/USD, provide some facts on the AUD. If your quote is USD/AUD, provide some facts on the USD. (about 250 words). [20 marks]
(Notes: For example, you might discuss whether the currency is fixed or floating, when this happened, how much trade is there in the currency, how this compares to others currencies and so on.)
2A. Using daily close data from the last 5 years, plot the exchange rate on a line graph, and indicate TWO specific points on the line where the trend changes. Indicate both these points with arrows on your line graph. There is an example chart at the end of this document.
NOTE: You are required to download the exchange rate data and create your own graph. It is not acceptable to copy a chart with the data from another source. [10 marks]
2B. Investigate and report the factors that may explain these movements (about 250 words per movement (total about 500 words)). [20 marks each = total 40 marks]
The remaining 10 marks will be allocated to the quality of references used and formatting. [2 marks]
IMPORTANT
1. Each of the 3 parts is separate and should be presented separately. Start each part on a new page.
2. At the end of essay, provide a bibliography for whole essay, before any tables or diagrams.
3. Pay attention to the word count. This is what you should aim for. Less than these amounts means you have not answered in enough depth.
Example chart:
Daily data past 5 years AUD/USD
12
10
8
( Ex rate )6
4
2
0
1 2 3 4 5 6 7 8 9 10 11 12 13
Date
2
