VCE Economics Unit 3/4 Flashcards

Decks in this Class (17):

• Chapter 1 An Introduction To Microeconom

  Chapter 1 - An introduction to microeconomics

  Sample Cards:

  what are the 4 factors of production,

  what are the three basic economic questi,

  what is market capitalism
  21 Cards
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• Chapter 2 The Market Mechanism

  Chapter 2 - The Market Mechanism

  Sample Cards:

  what is microeconomics,

  what is a market,

  what is a competitive market
  34 Cards
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• Chapter 3 Market Structure Market Failur

  Chapter 3 - Market Structure, Market Failure and Government Intervention

  Sample Cards:

  what is the definition of market structu,

  what is the general criteria determining,

  what is perfect competition
  29 Cards
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• Chapter 4 The Nature And Purpose Of Macr

  Chapter 4 - The nature and purpose of macroeconomic activity

  Sample Cards:

  what is macroeconomic activity,

  three approaches used by the abs to prov,

  define nominal gdp
  24 Cards
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• Chapter 5 The Goal Of Strong And Sustain

  Chapter 5 - The goal of strong and sustainable economic growth

  Sample Cards:

  what is strong and sustainable economic,

  what is the measure used to measure econ,

  what is an annual gdp figure
  18 Cards
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• Chapter 6 The Goal Of Full Employment

  Chapter 6 - The goal of full employment

  Sample Cards:

  what is the definition of employment,

  what is the definition of unemployment,

  what is nairu
  19 Cards
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• Chapter 7 The Goal Of Low Inflation

  Chapter 7 - The goal of low inflation

  Sample Cards:

  what is the definition of inflation,

  what is the rbas low inflation goal,

  why does the rba target 2 3 growth in co
  22 Cards
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• Chapter 8 The Goal Of External Stability

  Chapter 8 - The goal of external stability

  Sample Cards:

  what are the types of international tran,

  what is the balance of payments bop,

  outline the structure of the bop
  27 Cards
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• Chapter 9 The Goal Of Equity In The Dist

  Chapter 9 - The goal of equity in the distribution of income

  Sample Cards:

  what is the goal of equity in the distri,

  what are the 3 sub goals for achieving e,

  what is the difference between equity an
  30 Cards
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• Chapter 10 The Nature And Operation Of B

  Chapter 10 - The nature and operation of budgetary policy

  Sample Cards:

  what is the definition of budgetary poli,

  what are the longer term goals of budget,

  what is the composition of the budget
  20 Cards
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• Chapter 11 Budgetary Policy In Action

  Chapter 11 - Budgetary policy in action

  Sample Cards:

  how does the budget address economic pro,

  what is the current governments,

  what is the governments budget repair st
  19 Cards
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• Chapter 12 The Nature And Operation Of M

  Chapter 12 - The nature and operation of monetary policy

  Sample Cards:

  what is the definition of monetary polic,

  what is the medium term objective,

  what are the key considerations in regar
  20 Cards
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• Chapter 13 Monetary Policy In Action

  Chapter 13 - Monetary policy in action

  Sample Cards:

  what is the primary focus of the rba,

  what are leading indicators of economic,

  what are lagging indicators of economic
  11 Cards
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• Chapter 14 The Nature And Operation Of A

  Chapter 14 - The nature and operation of aggregate supply policies

  Sample Cards:

  what is the definition of aggregate supp,

  what are the effects of as policies,

  what are the effect of as policies on eq
  23 Cards
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• Chapter 15 Aggregate Supply Policies In

  Chapter 15 - Aggregate supply policies in action

  Sample Cards:

  what is the labour market,

  how did the labour market previously fun,

  what is the definition of enterprise bar
  12 Cards
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• Chapter 16 Immigration And Environmental

  Chapter 16 - Immigration and environmental policies

  Sample Cards:

  how many people have migrated to austral,

  what did the intergenerational report hi,

  what are the three main immigration reas
  25 Cards
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• Chapter 17 Policy Relationships And The

  Chapter 17 - Policy relationships and the current policy mix

  Sample Cards:

  what is the recent policy mix to fight i,

  what is the recent policy mix to promote,

  what is the recent policy mix to promote
  6 Cards
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