Financial Markets

ASX: An Overview51Types of Financial Markets50Role of Financial Markets in the Economy51Types of Investments54Investment Strategies56Risk and Return52Role of ASIC52Types of Financial Regulation55Importance of Financial Regulation57

Economic Growth

GDP and its Components55Inflation and Unemployment56Balance of Payments55Government Spending and Taxation56Interest Rates and Monetary Policy53Factors of Economic Growth54Economic Development51

Unemployment

Frictional Unemployment54Structural Unemployment50Cyclical Unemployment58Seasonal Unemployment55Lack of Job Creation50Technological Advancements51Economic Downturns58Mismatch between Skills and Job Requirements48Economic Costs51Social Costs50Psychological Costs51Fiscal Policy52Monetary Policy50Labor Market Policies53

Economic Indicators

Gross Domestic Product (GDP)52Consumer Price Index (CPI)53Unemployment Rate55Inflation Rate55Balance of Payments51Exchange Rate51Interest Rates57Stock Market54Factors of Production51Economic Growth52Economic Development58Sustainable Development58Fiscal Policy50Monetary Policy52Trade Policy54Industrial Policy55

Inflation

What is Inflation?54Causes of Inflation53Consequences of Inflation53How to Control Inflation53Inflation in the 1970s and 1980s57Inflation in the 1990s and 2000s58Inflation in the 2010s and 2020s50The Impact of the COVID-19 Pandemic50The Impact of the War in Ukraine55The Reserve Bank of Australia s Response50

International Trade

Top Export Destinations50Top Import Sources53Mining and Resources57Agriculture and Food58World Trade Organization (WTO)52Free Trade Agreements (FTAs)55Global Economic Conditions56Technological Advancements53

Economic Systems

Market Economy52Command Economy52Mixed Economy54Gross Domestic Product (GDP)53Inflation51Unemployment57Fiscal Policy54Monetary Policy55Trade Policy50The Rising Cost of Living55Slowing Economic Growth54Climate Change54

Development Economics

Theories of Economic Growth50Determinants of Economic Growth50Measuring Economic Growth51Historical Overview of Australian Economic Development51Challenges and Opportunities for Australian Economic Development55Government Policies for Economic Development52Theories of International Development55Challenges of Economic Development in Developing Countries53The Role of International Aid and Development Organizations55

Monetary Policy

Role and Functions of the RBA52Monetary Policy Objectives51Monetary Policy Tools50Measuring Inflation55Impact of Inflation53Role of Interest Rates56Measuring Economic Growth58Factors Affecting Economic Growth50Relationship between Economic Growth and Unemployment56Types of Financial Markets51Role of Financial Institutions53Regulation of Financial Markets58

Economic History

The First Fleet and the Establishment of the Colony54The Wool Industry52The Gold Rushes52Federation and the Creation of the Commonwealth of Australia51The Great Depression54World War II and the Post-War Boom54The Resources Boom55The Service Sector54The Challenges Facing the Australian Economy54

Fiscal Policy

Types of Taxes52Taxation Principles53Tax Administration52Types of Government Spending51Budget Process53Fiscal Responsibility52Expansionary Fiscal Policy52Contractionary Fiscal Policy54Automatic Stabilizers55

Behavioral Economics

Nudging51Prospect Theory52Framing Effects50Externalities50Public Goods56Market Power56Taxes and Subsidies54Regulation57Public Provision58