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Year 11 Resources

Resource Type
The Cir­cu­lar Flow of Income
Sum­mar­ises the five sec­tor flow mod­el for indi­vidu­als, busi­nesses, gov­ern­ments and fin­an­cial insti­tu­tions.
Demand and Sup­ply
Dis­cusses factors affect­ing demand and sup­ply, and move­ments along the demand and sup­ply curves.
The Eco­nom­ic Prob­lem in Aus­tralia
Provides inform­a­tion about the eco­nom­ic prob­lem in an Aus­trali­an con­text and the way in which it is addressed.
Basic Func­tion of Fin­an­cial Sec­tor
Dis­cusses eco­nom­ic units, types and roles of fin­an­cial mar­kets, reg­u­lat­ory author­it­ies, factors affect­ing the demand and sup­ply of funds, fin­an­cial changes and innov­a­tions, bor­row­ers in the debt mar­ket, debt instru­ments, interest rates, the cash mar­ket and effects of cash rate.
Mer­it and Pub­lic Goods
Dis­tin­guishes between mer­it and pub­lic goods, and explains why the Gov­ern­ment is the main pro­vider of these goods in the eco­nomy.
Labour Mar­ket Essay
Explains the labour force par­ti­cip­a­tion rate, factors that affect it, and its rela­tion­ship to the unem­ploy­ment rate.
Labour Mar­ket Assess­ment Task
Dis­cusses the Aus­trali­an labour mar­ket, in terms of mar­ket out­comes and the role of major labour insti­tu­tions.
Mar­ket Equi­lib­ri­um
Defines mar­ket equi­lib­ri­um, and explains how mar­ket forces estab­lish it and the factors that can lead to a change in equi­lib­ri­um.
Class Notes
Provides detailed notes on the top­ic of work and employ­ment in the eco­nomy.
The Effect of Pop­u­la­tion Age­ing on the Aus­trali­an Eco­nomy
Dis­cusses the nature of the issue, implic­a­tions for con­sumers and busi­ness, and implic­a­tions for gov­ern­ments and policy responses.
Cred­its: Eric Cheung, Enoch Lau, Vikt­or Tanevski
Research Project/​Essay
Price Elasti­city
Dis­cusses the nature of elasti­city, ways to meas­ure it and its impact on busi­nesses and gov­ern­ment.
Pro­duc­tion Pos­sib­il­ity Curves
Explains the dif­fer­ent shapes of the pro­duc­tion pos­sib­il­ity curves.
Defines pro­ductiv­ity and out­lines ways to increase it.