Criteria for Assessment - How you will be marked a.) A clear discussion of factor that contribute to inflation, chart showing the inflation b.) A clear demonstration of impact of oil price using the model we studied in the course. c.) show the model of central bank, Philips's curve and also aggregate demand and analysis the interaction Further information on University mark descriptors can be found here. This assignment is designed to assess the following learning outcomes: 1. Be able to apply the macroeconomics models to the analysis of contemporary macroeconomic problems. 2. Explain the problems facing by policymakers in using macroeconomic policies. Assessment Details The word count is 1000 . There will be a penalty of a deduction of 10% of the mark for work exceeding the word limit by 10% or more. The word limit includes tables, figures, quotations and citations, but excludes the references list and appendices.