| Australian economic trends and data are explored in over two hundred multiple choice, short answer and extended questions.
Topics Included:
- Demand and supply
- Opportunity cost
- Price mechanisms
- Markets
- Nature and causes of inflation
- CPI
- Definitions and causes of unemployment
- Economic growth and GDP as a measure of economic growth and welfare
- Costs and benefits of economic growth
- Case study-China: an economy in transition
- The impact of market forces- reform of the steel industry in China
- Australia's balance of payments
- The exchange rate
- The terms of trade
- Australia's place in the global economy
- Globalisation
- International trade- WTO APEC, ASEAN and the role of AUSTRADE
- Case study- crude oil
- The role of AusAID |
