Economics for Managers - BUS702 Assessment task 2: Essay TOPIC for 2016 When the GFC crisis hit, most of the developed world went into recession. According to the strict official definition of recession, Australia did not. Examine the relative roles played by the Federal Government, the Reserve Bank of Australia and foreign trade in this outcome. SUMMARY OF CRITERIA Factual content and economic analysis should be correct, argument should be clear and coherent, referencing should be complete and follow the Harvard system, grammar, spelling and presentation should be of a high standard and the essay should be well-structured, including an introduction that answers the question.