Unit 1
ATM Fees
4th July, 2009
| In March this year there was a significant change to the way in which your bank charges fees when you use an ATM. The benefit to us is increased competition, and that will help us to achieve higher levels of efficiency.
27th June, 2009
| The government has commissioned Ken Henry to complete a review of the Australian taxation system. This makes it a "current event", and it is therefore far more likely to appear on the final exam! In other words, now is a good time to learn about tax reform.
20th June, 2009
| Monetary policy is set by the Reserve Bank of Australia. Students in Year 12 will soon be learning about the complexities involved in the decision making process - how do they know when to change the cash rate?
13th June, 2009
| If you were to ask all of your friends what they believe the rate of inflation will be over the next twelve months, you would probably get a wide range of answers. The official figure for inflationary expectations can actually be very useful.
Welcome to MrWood.com.au!
This site has been designed to support you as you study Economics in the Victorian Certificate of Education (VCE).
Each week you will find a new article about the changes in the Australian economy. You will also find up to date statistics that will help you describe what is happening.
Economics is an interesting and valuable subject - I really hope that you enjoy it!
