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"Unquestionably, there is progress. The average American now pays out twice as much in taxes as he formerly got in wages." - Henry Louis Mencken (1880-1956)
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Unit 1
Introduction to Economics
Market Mechanism
Australian Economic System
Economic Markets
Economic Growth
Income and Wealth
Inflation
Environmental Markets
Unit 2
Population and Employment
International Relations
Trade and Aid
Measurement and Performance
Development Economies
Economic Globalisation
Globalisation
Case Study – Nike
Global Economic Issues
Unit 3
Microeconomic Activity
The Law of Demand
The Law of Supply
Achieving Equilibrium
Crossword Puzzle
Annotation Exercise
Macroeconomic Activity
Low Inflation
Sustainable Economic Growth
Full Employment
External Stability
Equity of Income Distribution
Unit 4
Government Intervention
Aggregate Demand Policies
Monetary Policy
Budgetary Policy
Aggregate Supply Policies
Core Activities
Optional Activities
Timeline
Links
Student Access
Teacher Access
At the next meeting of the RBA, the Board will:
Cut the cash rate by 0.50%
Cut the cash rate by 0.25%
Leave the cash rate unchanged
Increase the cash rate by 0.25%
The Market Mechanism
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