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"Pada tahun 2020, perekonomian global mengalami masa resesi terparah sejak Perang Dunia II. Wabah Covid-19 adalah penyebab utama kejatuhan ekonomi dunia, karena penyakit menular ini bertanggung jawab atas kematian jutaan orang di seluruh dunia. Selain itu, pandemi Covid-19 menyebabkan penguncian besar-besaran, yang menyebabkan banyak bisnis tutup dan kurangnya mobilitas. Pemerintah Australia mencoba menerapkan kebijakan fiskal dan moneter untuk mendorong pertumbuhan ekonomi di masa sulit. Tujuan dari karya ini adalah melakukan evalusasi seberapa efektif mengunakan kebijakan tersebut dalam mendorong ekonomi di masa pandemi. Metode saya adalah membandingkan bagaimana pertumbuhan ekonomi ,tingkat pengganguran dan pertukaran uang di Australia saat keadaan norman dengan zaman pandemi. Data saya dapatkan dari website Reserve Bank of Australia untuk melakukan penelitian saya. Setelah saya melakukan penelitian, saya membuat satu kesimpulan yaitu kebijakan ekonomi seperti kebijakan fiskal dan moneter hanya dapat efektif dalam keadaan normal atau pra-pandemi jika semua kegiatan ekonomi di suatu negara beroperasi secara penuh.

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In 2020, the global economy experienced its worst recession since World War II. The Covid-19 outbreak is a major cause of the world's economic downturn, as this infectious disease is responsible for the deaths of millions of people worldwide. In addition, the Covid-19 pandemic led to massive lockdowns, leading to many businesses closing and a lack of mobility. The Australian government tries to implement fiscal and monetary policies to boost economic growth in difficult times. The purpose of this work is to evaluate how effective these policies during a pandemic. My method is to compare how Austalia's the economic growth, unemployment rate and money exchange were during normal times compare to pandemic. I got my data mostly from reliable website like Reserve Bank of Australia to do my research. After I did my research, I came to a conclusion that economic policies such as fiscal and monetary policies can only be effective in normal or pre-pandemic conditions if all economic activities in a country are fully operational.

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"How do economists reconcile their expertise with their failures to predict and manage the 2008 financial crisis? This book goes a long way toward an answer by using systems theory to reveal the complex interdependence of factors and forces behind the crisis. In her fully integrated view of the economy, how it works, and how the economic crisis burst, Karen Higgins combines human psychology, cultural values, and belief formation with descriptions of the ways banks and markets succeed and fail. In each chapter she introduces themes from financial crisis literature and brings a systems-theory treatment of them. Her methodology and visual presentations both develop the tools of systems theory and apply these tools to the financial crisis. Not just another volume about the crisis, this book challenges the status quo through its unique multidisciplinary approach."

"By using empirical understanding and new policy data, this important new title investigates the world-wide economic crisis. The global recession has had a truly international reach, with repercussions reverberating throughout nations and across societies. The book examines the overall causes of the crisis and the failures of mainstream economics, and analysis the rising tide of poverty and social inequality resulting from the recession. It also examines the relationship between the crisis and economic systems, and examines the evolution of the global monetary system and history of central banking. Finally, it delves into BRICS with a particular focus on China and India, as well as Europe and the US. This work will be of interest to researchers, students and academics in economics and policy. "