Draft a report on Why Money Matters

Assignment Format: The presentation must be uploaded in MP4 format or a link can be shared via Microsoft streams. The slides must also be uploaded in PowerPoint/PDF format. Other formats are not accepted.

For this task, you will submit your work as a 7-minute presentation as an MP4 that you upload to Learning@Griffith. Alternatively, you can use Microsoft stream to share your video. If you do use stream, please remember to click on the option to allow everyone in your company to view this video. If this option is not enabled, we will not be able to accept your video. Detailed Instructions are provided in the how-to-make videos. folder. Uploads via YouTube and other platforms/formats will not be accepted.

The maximum number of slides is 10, including the title slide and a slide at the end to list the references. You will then need to then record yourself presenting your slides and upload the MP4. The slides must contain a Bibliography of academic references used in the presentation. You do not have to present the academic references in the actual video. The video must show your face in order to assess your communication skills. In terms of naming the file, please use the following convention: [Last name_first initial].pptx for the PowerPoint/PDF and [Last name_first initial].mp4 for the video

IMPORTANT: You need to upload both your presentation slides and your recorded presentation (MP4 format or STREAM link) online at Learning@Griffith

Assignment Overview:

In 2021, the economy recovered quickly from the COVID-19 pandemic. However, the cost of living has impacted the financial well-being of many Australian households through rising rents, electricity bills, and petrol prices. You will produce a video presentation that discusses how the COVID-19 pandemic has impacted the financial well-being of a model household discussed in the 2021 QCOSS Living affordability in Queensland report and the 2020 QCOSS Living affordability in Queensland.

You must adopt one of the model households and analyze their budget. You will be allocated a profile :

• Unemployed single (45 years old) and no dependents
• Single parent (33 years) with two dependents (seven and three years)
• Working family (35 and 31 years) with two dependents (seven and three years)
• Senior couple (both 74 years) and no dependents
• Single student (21 years) and no dependents

The report does not specify the location of the household. Students will be allocated a Local Government Area. This will be Bowen, Cairns, Gladstone, Maryborough

Answer the following three questions:

1)Derive and present a table that Compares 2020 Expenditure and Income (see Table 1) for the household across all expenditure and income categories with 2021 levels (see Tables 4& 5) for your household. Discuss three main changes in expenditure and income. The key consideration should be given to changes in rents, petrol and food prices

a.How much did Total Income and Total Expenditure grow by?

b. What percentage did the net budget position of the household change from 2020 to 2021?

c.Are the household better off or worse off in 2021 compared to 2020?

2)Develop a 3-point plan for the household to improve its financial well-being. Define Financial well-being. What steps can it take to reduce

i) debt and expenses,

ii) increase savings and

iii) what risks should it manage?

Do research to ensure your plan is realistic and based on sound academic findings and cite these in your presentation. Use at least 2 Academic references.

3)For your specified area, propose an effective but relatively inexpensive new solution that could be implemented by local communities to support vulnerable households in the area and reduce the impact of the cost of living. Use at least 2 Academic References that must be cited. The slides must include a list of references on the final slide.

Crowdsourcing solutions to support positive change in Queensland Communities.

We believe our students will come up with some great ideas to support the financial well-being of vulnerable households across Queensland! The top 3 videos will receive an official prize from the Department of Accounting, Finance, and Economics at Griffith University. To be eligible for this prize, students will be asked to permit Griffith to share these videos with the Queensland Council of Social Services which advocates for positive social change through engaging and empowering the social service sector and communities.

This Economics Assignment has been solved by our Economics Expert at Exam Question Bank. Our Assignment Writing Experts are efficient to provide a fresh solution to this question. We are serving more than 10000+ Students in Australia, UK & US by helping them to score HD in their academics. Our Experts are well-trained to follow all marking rubrics & referencing Styles. Be it a used or new solution, the quality of the work submitted by our assignment experts remains unhampered. You may continue to expect the same or even better quality with the used and new assignment solution files respectively. There’s one thing to be noticed you could choose one between the two and acquire an HD either way. You could choose a new assignment solution file to get yourself an exclusive, plagiarism (with free Turn tin file), expert quality assignment or order an old solution file that was considered worthy of the highest distinction.