The role and goals of the Australian Government domestically and internationally will be investigated. Domestic goals examined include inflation, employment and economic growth. International economic relationships will also be examined with a focus on the exchange rate and trade liberalisation.
Students will be introduced to Government policy. They will discuss the role and effect of Government fiscal monetary and international policy on aggregate demand and aggregate supply.
|1.||Describe how the economy operates to allocate resources;|
|2.||Outline the macroeconomic goals of Government, (Price Stability, Full- Employment, Economic Growth) and factors affecting these goals;|
|3.||Examine the reasons why Australia engages in International Transactions and factors affecting these transactions; and|
|4.||Analyse how the Government is able to influence the macro-economy through Budgetary and Monetary Policy.|
|Test||Multiple Choice test||20%|
|Project||Analyse quantitative information on the economy||20%|
|Presentation||Commentary on a news media extract||20%|
|Assignment||Research on an allocated topic||40%|
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