Economics notes (prelims)

• Fiscal policy essay:

  • Market failure and intentions of stabilisation
  • Taxes (cause and effects)
  • Examples
  • Expenditure (cause and effects)
  • Examples
  • Budget stances
  • Budget outcomes affection budget stances (in the long-run)
  • Automatic stabilisers
  • Effectiveness (stats)
• Labor Markets essay:

  • Causes of changes in unemployment and LFPR
  • Types of unemployment and their causes
  • Government intervention and labor force response
  • immigration to satisfy unemployment (stats)
  • Education levels vs unemployment
  • Company and industry bias towards certain type of unemployment
  • Examples during covid
  • Age range of population and its effect on employment
  • Examples
• Monetary policy essay:

  • Cash rate
  • ES accounts & RBA's influence on cash rate
  • Changes in targetted cash rates
  • Changes in banks interest rates (time taken)
  • cash rate during COVID
  • Effects on businesses
  • Examples
  • Effects on individuals
  • Examples
  • Effects on international flows
  • Examples