Aggregate Supply Policy

Tim Baum
Mind Map by Tim Baum, updated more than 1 year ago
Tim Baum
Created by Tim Baum about 4 years ago
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AS policy
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Aggregate Supply Policy
1 Microeconomic Policy

Annotations:

  • Remember, we only need to have studied one of these for the SAC and the exam.  
1.1 Trade Liberalisation
1.1.1 FTA
1.1.2 Removal of Tariffs

Annotations:

  • Removal of the taxes on imports
1.1.3 CHAFTA

Annotations:

  • China Australia Free Trade Agreement http://dfat.gov.au/TRADE/AGREEMENTS/CHAFTA/Pages/australia-china-fta.aspx
1.2 Labour Reform
1.3 Deregulation of key markets
1.4 National Competition Policy
2 Supply side aspect of Budgetary policy

Annotations:

  • 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
2.1 Company tax cut

Annotations:

  • Reductions in company tax rate from 30% to 27.5%
2.2 PAYG tax cut

Annotations:

  • Individual tax bracket shift from $80,000-$87,000
2.3 Pathways Programe

Annotations:

  • Getting school leavers into aprentiship programmes though the help of government payments to encourage them to take on apprentices.  
3 Immigration policies
3.1 Skilled Migration

Annotations:

  • Skilled migration is one of the simplest ways in which we can grow our labour resources in australia
3.2 Points system
4 Environmental policies
4.1 Kyoto Agreement

Annotations:

  • 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
4.2 Carbon Tax
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