Mind map

Aggregate Supply Policy

Tim Baum English

Mind map: Aggregate supply policy

Map content

Microeconomic Policy
- Remember, we only need to have studied one of these for the SAC and the exam.  
- Trade Liberalisation
  - FTA
  - Removal of Tariffs
    - Removal of the taxes on imports
  - CHAFTA
    - China Australia Free Trade Agreement http://dfat.gov.au/TRADE/AGREEMENTS/CHAFTA/Pages/australia-china-fta.aspx
- Labour Reform
- Deregulation of key markets
- National Competition Policy
Supply side aspect of Budgetary policy
- How do new policies set by the treasurer effect how Australia supplies its resources http://budget.gov.au/2016-17/content/glossies/jobs-growth/html/jobs-growth-07.htm
- Company tax cut
  - Reductions in company tax rate from 30% to 27.5%
- PAYG tax cut
  - Individual tax bracket shift from $80,000-$87,000
- Pathways Programe
  - Getting school leavers into aprentiship programmes though the help of government payments to encourage them to take on apprentices.  
Immigration policies
- Skilled Migration
  - Skilled migration is one of the simplest ways in which we can grow our labour resources in australia
- Points system
Environmental policies
- Kyoto Agreement
  - 60% reduction in the emissions from the 1990 level by 2025. http://www.aph.gov.au/About_Parliament/Parliamentary_Departments/Parliamentary_Library/Publications_Archive/archive/kyoto
- Carbon Tax