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  1. Introductory concepts
  2. Market mechanism
  3. Elasticities  
  4. Market structures
  5. Market failures
  6. Macro activity/eco growth
  7. Inflation
  8. Employment & unemployment
  9. External Stability
  10. Income distribution
  11. Factors affecting economy
  12. Fiscal/Budgetary policy
  13. Monetary Policy
  14. Aggregate Supply Policies
  15. The Policy Mix
  16. Course revision


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 Course notes quick navigation

1 Introductory concepts 2  Market mechanism  3 Elasticities  4 Market structures 5  Market failures  6  Macro economic activity/eco growth  7 Inflation 8  Employment & unemployment  9  External Stability  10  Income distribution 11.Factors affecting economy  12  Fiscal/Budgetary policy  13  Monetary Policy   14 Aggregate Supply Policies  15 The Policy Mix

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The maximum score for each question is 100%. For every hint used, your percentage score is reduced by the ratio of that letter to the total letters required in the answer. For example, if the total number of letters within the gaps is 50 across the whole response, then each letter is worth 2 percentage points. Each hint will therefore reduce your score by 2 percentage points.

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11. Discuss two separate reasons that explain how strong rates of growth in Aggregate Demand might not significantly impact on the rate of unemployment. 4 marks

12. Examine how higher commodity prices might affect the rate of unemployment in Australia. 3 marks

13. Explain how an increase in labour productivity can assist with the achievement of the government's full employment goal. 4 marks

14. Outline how a failure to achieve the goal of full employment might help to reduce inflation. 4 marks

15. Explain how a higher labour force participation rate is likely to influence rates of economic growth in Australia. 5 marks

16. Outline how an increase in the labour force participation rate (PR) might affect productive capacity in Australia. 2 marks

17. Discuss one economic benefit associated with a higher unemployment rate. 3 marks

18. Explain how a reduction in personal income tax rates might impact on unemployment in Australia. In your answer, refer to both the demand and supply side impacts. 4 marks

19. Discuss why an increase in real GDP of approximately two percent might not lead to a desired reduction in the rate of unemployment. 3 marks

20. Distinguish structural from cyclical unemployment. 4 marks