ECONOMICS
Unit 4: Managing the Economy
Area of Study 1: Aggregate demand policies and domestic economic stability
Key knowledge
Budgetary policy
Outcome 1
- On completion of this unit the student should be able to discuss the nature and operation of aggregate demand policies and analyse how the policies may influence the Australian Government’s domestic macroeconomic goals and living standards.
- sources of government revenue including direct and indirect taxation, revenue from government businesses and the sale of government assetsKey knowledge.