ECONOMICS
Unit 4: Managing the Economy
Area of Study 2: Aggregate supply policies
Outcome 2
- On completion of this unit the student should be able to discuss the nature and operation of aggregate supply policies and analyse how the policies may influence the Australian Government’s domestic macroeconomic goals and living standards.
Key knowledge
- how welfare and tax reform policies are designed to influence aggregate supply and living standards .
Key skills
- define key economic concepts and terms and use them appropriately
- describe the aims of aggregate supply policies in terms of the domestic macroeconomic goals and living standards
- gather relevant data and information about the nature and operation of aggregate supply policies in Australia
- analyse the effect of aggregate supply policies on the domestic macroeconomic goals and living standards.