| Course Content Description: |
A3ECO
This unit explores Australia’s linkages with global linkages with other economies:
- The concepts of global interdependence, trade and specialisation
- Balance of payments, terms of trade and exchange rates
- Foreign investment and debt
A4ECO
This unit explores Australia’s economic objectives, policies and actions:
- The business cycle and economic indicators
- The aggregate expenditure model and its components, marginal propensity to consume and save and the multiplier effect
- Aggregate demand and Aggregate Supply
- Economic policy objectives – fiscal and monetary.
|
