ECONOMICS
Unit 4: Contemporary macroeconomics
Topic 2: Economic management
Sub-topic C: Supply-side policies
- describe the nature, operation and aims of aggregate supply policies (microeconomic reforms), and explain their relationship to domestic macroeconomic objectives
- analyse at least one recent supply-side policy aimed at improving Australia’s economic growth through efficiency or competitiveness, including at least one of the following initiatives: welfare and taxation reform
- evaluate the effectiveness of supply-side policy responses in achieving the government’s economic objectives.
Communication skills
- create responses that communicate economic meaning using data, information, graphs and diagrams to suit the intended purpose, and demonstrate order, sequencing and development of ideas using paragraphs and extended responses.