Lecture Recording and Notes
Unit 4 – Exam Rev Recordings 2020 – Economics
Our “VCE Exam Revision Lectures” have been designed to provide students with the skills and information needed to perform to the highest possible standard in the end of year exams.
During the course of these lectures you will develop an understanding of how the Australian Government can alter the composition and level of government outlays and receipts from the latest Federal Budget to directly and indirectly influence the level of aggregate demand and the achievement of domestic macroeconomic goals. You will examine the role of the Reserve Bank of Australia (RBA) with a focus on its responsibility to alter the cost and availability of credit in the economy and analyse the effects of the latest data/statistics from the last two Australian Government budgets, and how particular initiatives have helped to stabilise the level of aggregate demand and influenced the achievement of domestic macroeconomic goals.
These lectures will also consider how the Australian Government utilises aggregate supply policies to manage the Australian economy and investigate & evaluate the role of both market-based and interventionist approaches to managing the supply side of the economy in terms of their effect on incentives, and consider how they increase competition and efficiency in the economy. Lastly, we will review and assess the role of microeconomic reform in terms of its effect on economic prosperity and the achievement of the Australian Government’s domestic macroeconomic goals.
Detailed A+ course notes will be provided in each subject.