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" Too many people think that Economics is this subject that should wait until the university level. But it can't wait that long." - Robert Duvall
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Unit 1
Introduction to Economics
Market Mechanism
Economic Growth
Population and Employment
Distribution of Income
Savings and Investment
Environmental Sustainability
Unit 2
External Relationships
Trade and Aid
Measurement and Performance
Economic Globalisation
Globalisation
Case Study – Nike
Unit 3
The Market Mechanism
The Law of Demand
The Law of Supply
Achieving Equilibrium
Market Failure
Business Cycle
Practical Activities
Crossword Puzzle
Economic Growth
Full Employment
External Stability
Price Stability
Resource Allocation
Distribution of Income
Unit 4
Government Intervention
Monetary Policy
Policy Approach
Policy Impact
Fiscal Policy
Policy Approach
Policy Impact
Microeconomic Reforms
Policy Approach
Policy Impact
Statistics
Goal Statistics
Demand Factors
Supply Factors
Timeline
Links
Student Access
Teacher Access
Goal Statistics: Inflation Rate
On behalf of the Australian government, the RBA aims to achieve a rate of inflation that averages between 2% and 3% over the medium term. Up to date statistics can be found on the Reserve Bank of Australia's home page.
Year
Inflation Rate (%)
1996/7
0.3%
1997/8
0.7%
1998/9
1.1%
1999/00
3.2%
2000/01
6.0%
2001/02
2.8%
2002/03
2.7%
2003/04
2.5%
2004/05
2.5%
2005/06
4.0%
2006/07
2.1%
2007/08
4.5%
Current Page: Inflation Rate
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