| Course Content Description: |
A1ECO
The focus for this unit is microeconomics exploring real world Australian markets:
- The characteristics of a market economy, product and factor markets
- Concepts of market demand, supply, equilibrium and elasticity
- Research of market power efficiency and failure
- Positive and negative externalities and government policies.
A2ECO
The focus for this unit is macroeconomics and Australia’s recent market performance:
- Macroeconomics and the circular flow of income, the business cycle
- Indicators – unemployment, inflation, GDP, trade and income distribution
- Taxation, income distribution and welfare.
|
