ECON7200 Economic Principles (M)
Week 11 Assignment
Read the article “How credit card borrowing has climbed since the financial crisis”
Available here: https://www.ft.com/content/516d05e0-3de5-11e6-8716-a4a71e8140b0
Or here through the library with a University log-in:
https://search-proquest-com.proxy.library.adelaide.edu.au/docview/1807651816
Explain with reference to the article, and the model from our class, how changes to both the
interest rate and consumers’ impatience may have contributed to the increased level of
borrowing reported.
Make sure to include diagrams (hand drawn is fine) to support your explanation.
Also, refer to the grading rubric embedded in MyUni for further details about the relative
weights of the components of your answer in the grading process.

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