Highlights
Context
HSC Topic Four: Economic Policies and Management. During the study students have engaged on the aim and operation of economic policies in the Australian economy.
Students are to use current and historical Australian fiscal and monetary policies to complete an extended response in essay format.
Outcomes assessed
H1 demonstrates understanding of economic terms, concepts and relationships
H2 analyses the economic role of individuals, firms, institutions and governments
H5 discusses policy options for dealing with problems and issues in contemporary and hypothetical contexts
H6 analyses the impact of economic policies in theoretical and contemporary Australian contexts
H7 evaluates the consequences of contemporary economic problems and issues on individuals, firms and governments
H8 applies appropriate terminology, concepts and theories in contemporary and hypothetical economic contexts
H9 selects and organises information from a variety of sources for relevance and reliability
H10 communicates economic information, ideas and issues in appropriate forms
H12 works independently and in groups to achieve appropriate goals in set timelines
Instructions
• You must answer the following question in an essay format using economic diagrams, statistics and historical and current macroeconomic policies.
Evaluate the current impact of fiscal and monetary policies on the economic growth, full employment and the distribution of income in the Australian economy
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