1. How did you choose your proposed course and institution?*
How my proposed study can help me developing my capability in economics is the main reason to choose this course. As a junior economist at Center for Budget Policy, public economics knowledge and public policy knowledge are vital in order to analyze and formulate various budget policies and economic policies as well. My focus studies are economic policy, political economics and taxation, so I hope my proposed study will enhanced my understanding in making good policy, from an economic perspective.
Australia is a comfortable place to live and study since it has a successful multicultural country, where students from difference countries are able to study in a safe and friendly atmosphere. Based on my research about Australian Universities, The University of Queensland and The University of Adelaide are the two best universities in economic and public policy studies. Those two universities’ reputation for quality is reinforced by international rankings and affiliations, including the Australian Group of Eight (Go8).
2. How will the proposed study contribute to your career?*
I believe my proposed study will improve my capabilities in academic, practical and personal experience that are useful to develop my career in the future. Firstly, my proposed study will contribute to enhance my knowledge of economics theory and its application in public sector. In addition, it can improve my economic analytical skills on revenue policy especially on tax and customs revenue. To become an expert on public economic and public policy is my goal.
Secondly, my proposed study can provide econometrics skills to support my duty to evaluate and analyze revenue policies. Moreover, by using th...
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...on in the future. By doing it, I can provide a better policy recommendation.
• Forecasting the impact of fiscal policy on tax and customs revenue. With every different fiscal policy, there will be different result will happened. By forecasting the impact, we can simulate the results of the policy implementation.
• Designing alternative policy in order to optimizing taxation revenue. Tax revenue in Indonesia is still far from optimum, so that alternative strategies can be used to help explore the new potential of taxation to increase taxation revenue.
b. The possible constraint I think may prevent are :
• Limitations of experience and knowledge to performing those tasks.
• Limitations of the data in doing research. FPA has very limited taxation data, due to data confidentiality problems and bureaucratic problems that hinder data sharing from DG Tax and DG Customs.
Mikesell, J. L. (2010). Fiscal administration: Analysis and applications for the public sector (8th ed.: 2010 custom edition). Mason, OH: Cengage Learning
In today’s economy, fiscal policy plays a vital role in influencing the financial direction and economic goals of the United States. Furthermore, government spending and taxation are two main economic activities that influence a nation’s economy and are generally referred to as the fiscal policy. Not only does the fiscal policy help determine a nation’s budget, but it also determines how much resources need to be allocated to help achieve their economic goal. Therefore, the fiscal policy has many functions and consists of allocating, distributing, stabilizing and developing the nation’s economy.
Guell, Robert C. "9 Fiscal Policy." Issues in Economics Today. New York, NY: McGraw-Hill/Irwin, 2010. N. pag. Print.
The government use of taxes plays a crucial role in today’s economy as well as personal finances, it has and will continue to leave its mark on the world we live in.
Macroeconomics theories are scientific theories that provide policy recommendations that could be used to improve the performance of the economy and to correct macroeconomic problems (Dadkhah, 2009). These theories were developed to give insights about economic problems experienced by countries and regions. They have implications concerning unemployment, inflation and the gross domestic product (output). Such theories include classical economics, Keynesian economics, aggregate market, monetarism, new classical economics and IS-LM analysis. Arnold explains extensively application of supply-side macroeconomics theory to describe its implication in fiscal policy in the economy. The theory suggests that fiscal policy can produce real
The purpose of this paper is to illustrate the layout of taxation. I will differentiate the types of taxes and the roles that they serve currently. Subsequently, I will explain what equity, efficiency, effectiveness and transparency (EEET) are and show how they apply to taxation as a whole. Lastly, I will conclude how the EEET applies to the four tax types.
The famous literature on principles of taxation was embodied in Adams Smith “Canons of taxation”. Since then, economies have adopted (and adapted where necessary) these basic principles for what is regarded as the most important tool of fiscal policy.
Tragakes, E. (2012). Economics for the IB diploma (2nd ed.). Cambridge, UK: Cambridge University Press.
Modules I am taking include Economics For Business, Financial Reporting, Management accounting and polio analysis. It includes other modules relating to marketing, finance, and management which expands my knowledge beyond accounting and finance and allow me the opportunity to look at financial market from multiple perspectives. One of my favorite subjects is Economics for Business and I got 70% in overall. I am also attracted by the charm of programming and able to solve some mathematical problems according to programming. During the study of financial modelling, I tried to find an easier way to calculate some investment models and pictured some K line graph by programming. I also got high marks in coursework of financial modeling (82) and corporate finance (90). To be excellent in investing in the stock market, real estates and other fields, I aspire to carry on my graduate study in the field of accounting and finance to make rational investment decisions. The Quantitative management and portfolio analysis enhance my comprehension of accounting principles and the investment strategies. This will contribute towards my further study of accounting and finance. I successfully completed Year 1 of my BA (Hons) Economics course with an aggregate mark of 62%. This year, I am expecting that I can achieve a 2.1 class
The study of economics is important to everyone. Financial decisions affect everyone in their day-to-day routines. Economics is the study of how society manages its scarce resources (Mankiw, 2012). Macroeconomics is the study of economy wide phenomena, including inflation, unemployment, Gross Domestic Product, and economic growth (Mankiw, 2012). Macroeconomics is important because, it is how all of us relate into markets and economies. Many news articles today are centered on the economy and current events. One of these articles lends itself to many economic principles and ideas. Even though there are many important topics not covered in the article, the article titled, "You Are What You Owe" in Time, encompassed many general economic principles as well as the many macroeconomics indices illustrated in the article.
The crucial importance and relevance of economics related disciplines to the modern world have led me to want to pursue the study of these social sciences at a higher level. My study of Economics has shown me the fundamental part it plays in our lives and I would like to approach it with an open mind - interested but not yet fully informed.
In today's world, economics associated disciplines are of fundamental significance and application and this has encouraged me to pursue a degree in Economics. Economics has an important relevance in all of our lives. As consumers we try to make the best of our limited incomes. As workers we take our place in the job market. As citizens of a country our lives are affected by the decisions of our government: decisions over taxes, decisions over spending on health and education, decisions on interest rates, decisions that affect unemployment, inflation and growth. As dwellers on the planet Earth we are affected by the economic decisions of each other: the air we breathe, the water we drink and the environment we leave for future generations are all affected by the economic decisions taken by the human race. It is these stimulating issues that excite me about economics. I enjoy studying Economics enormously and believe my passionate interest in economics is continually strengthened by my regular reading of 'The Economist'
In the following report we have first tried to clear the concept of the multiplier then carried on with explaining various theoretical aspect of tax multiplier, government spending multiplier and planned investment multiplier. Then we have tried to compare the change in expenditure and change in GDP in Indian economy by providing data which was extracted through a secondary source.
The national budget is the main instrument through which governments collect resources from the economy, in a sufficient and appropriate manner; and allocate and use those resources responsively, efficiently and effectively (Todorovic & Djordjevic, 2009). The work of public budget has increased extremely more complicated, abstruse and worrying (Hou, 2006, p.730).
Additionally, the challenge that I came across as I encountered different mathematical and economics problems at my latter stages of life contributed greatly towards cementing my desires to further my education in both mathematics and economics at your prestigious institution. Economics happens to be a fundamental part of humans’ daily living and the current economic crisis have triggered my desire to have appropriate knowledge about the