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"The rate of profit...is naturally low in rich and high in poor countries, and it is always highest in the countries which are going fastest to ruin." - Adam Smith, Wealth Of Nations
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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
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
On February 27th the share market index was at 4650. By mid-March it will be closest to:
4350
4550
4750
4950
Practical Activities