HSC Topic Two - Australia's Place in the Global Economy
0 covered of 22 dot points
Lessons
Nothing written for this module yet. The dot points are listed beside this, so you can still see exactly what the module asks of you and take it to the official syllabus.
What the syllabus asks
Examine economic issues
assess the impact of recent changes in the global economy on Australia's trade and financial flows
not written yet
examine the effects of changes in trade and financial flows on Australia's economic performance
not written yet · needs a worked example
analyse the effects of changes in the value of the Australian dollar on the Australian economy
not written yet · needs a worked example
discuss the impact of free trade and protection policies on the quality of life in Australia
not written yet
propose likely changes to the structure of industry within Australia as a result of current trends in the global economy
not written yet
Apply economic skills
calculate the main components of Australia's balance of payments
not written yet · needs a worked example
analyse the relationship between the balance of the capital and financial account and the net income balance
not written yet · needs a worked example
explain the relationship between the current account balance and the balance of the capital and financial account
not written yet · needs a worked example
use supply and demand diagrams to explain how the value of a currency is determined under different exchange rate systems
not written yet · needs a worked example
analyse the impact of changes in the components of the balance of payments on the value of the Australian dollar
not written yet · needs a worked example
Australia's trade and financial flows
Australia's trade and financial flows
not written yet
Value, composition and direction of Australia's trade and financial flows
trends in Australia's trade pattern
not written yet
trends in financial flows - debt and equity
not written yet
Australia's Balance of Payments
structure
not written yet
Current Account, debits and credits
not written yet
Capital and Financial Account
not written yet
links between key Balance of Payments categories
not written yet · needs a worked example
trends in the size and composition of Australia's Balance of Payments
not written yet · needs a worked example
international competitiveness, terms of trade, international borrowing, foreign investment
not written yet
effects of these trends on Australia's Balance of Payments
not written yet · needs a worked example
Exchange rates
measurement of relative exchange rates
not written yet
to other individual currencies
not written yet
Trade Weighted Index
not written yet
factors affecting the demand for and supply of Australian dollars
not written yet
changes in exchange rates - appreciation/depreciation
not written yet
determination of exchange rates including fixed, flexible and managed rates
not written yet
the influence of the Reserve Bank of Australia on exchange rates
not written yet
the effects of fluctuations in exchange rates on the Australian economy
not written yet
Free trade and protection
Australia's policies regarding free trade and protection
not written yet
Australia's multilateral and bilateral free trade agreements - (overview of two examples of each type of agreement)
not written yet
the implications of Australia's policies for individuals, firms and governments
not written yet
implications for Australia of protectionist policies of other countries and trading blocs.
not written yet
Wording is the official syllabus, read from the NESA document by a parser. The full document.