lydia le
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This Economics Mind Map gives an overview of 4 topics on the HSC course.

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lydia le
Created by lydia le almost 12 years ago
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HSC Economics

HSC EconomicsTopic3-Economic Issues inthe Australian economyEconomicgrowthTopic1-The GlobalEconomyTopic4-EconomicPolicies & ManagementTopic2-Australia's Place in theGlobal EconomyUnemploymentExternal stabilityInflationDistribution ofincome andwealthEnvironmentalsustainabilityInternationalEconomic integrationTrade, financial flows, andforeign investmentProtectionGlobalisation & economicdevelopmentAustralia's tradeand financial flowsExchangeratesFree trade &protectionValue, composition,and direction ofAustralia's trade &financial flowsAustralia's Balanceof PaymentsMacroeconomicpoliciesEconomicobjectivesMicro economicPoliciesPolicy responses & theireffects in dealing withthe economic objectivesCaseStudyPotential conflictsamong objectivesLabour marketpoliciesNational & global contextfor environmentalmanagementRationaleRationaleMonetary policyFiscalpolicyLimitationssixobjectivesthe globaleconomyGross WorldProductGlobalisationthe international andregional businesscylesreasons forprotectionmethods of protection and the effectsof protectionist policies on thedomestic an global economythe basis of freetraderole of international organisationsinfluence of governmenteconomic forumstrading blocs, monetary unionsand free trade agreementsSource from the Board of Studies NSW -Stage 6syllabus 2009 pp31-41 - Prepared by Lydia Le2013measurementtrendstypes andcausesnon-accelerating inflationrate ofunemployment-NAIRUmain group affectedby unemploymenteffects ofunemploymentmeasurementtrendspositive & negativecauses and effectsenvironmentalissuesprivate & socialcosts andbenefitspublic & privategoodsecologically sustainabledevelopmentrole of national and statesystemsthe national system fordeterminingdispute resolutionarguments for and against the use of centralised, decentralisedand individualised methods of determining employment contractseducation, training & employmentprogramsregulationsmarket-basedpoliciestargetsinternational agreementstimelagsglobal influencespolitical constraintsDouble click this nodeto edit the textClick and drag this buttonto create a new node