Document Details

HSC Economics

User Description:
Contains notes on HSC Economics Topic - Australia in the Global Economy. Good for revision

Thinkswap Satisfaction Guarantee

Each document purchased on Thinkswap is covered by our Satisfaction Guarantee policy. If you are not satisfied with the quality of any document, or you believe the document was incorrectly described or categorised, Thinkswap will provide a full refund of exchange credits so you can check out another document. For more information please click here.

This student studied:
Claim a Thinkswap Bounty

Do you know if the Subject listed above has changed recently? Click report to earn free Exchange Credits!

Document Information:
17 Pages Partial Study Notes > 2 Years old
Share

1 Ex Credit


Document Screenshots:
HSC Economics
Topics this document covers:
Economic indicators National accounts Currency Inflation Currency appreciation and depreciation Monetary policy Balance of trade Balance of payments Economy of Australia Foreign-exchange reserves Economy of Russia Economy of Mozambique
This is a Partial Set of Study Notes

Partial Study Notes typically cover only single topics of a unit of study or do not cover multiple topics in significant detail. They are generally less than 20 pages in length.

What are Exchange Credits:

Exchange Credits represent the worth of each document on Thinkswap. In exchange for uploading documents you will receive credits. These can then be used to checkout other documents on Thinkswap.

Topics this document covers:
Economic indicators National accounts Currency Inflation Currency appreciation and depreciation Monetary policy Balance of trade Balance of payments Economy of Australia Foreign-exchange reserves Economy of Russia Economy of Mozambique
Sample Text:
ues, composition & direction of Australia’s trade & financial flows Trends in Australia’s trade pattern EXPORTS - Aus has traditionally relied on rural products for export income - Aus’s exports heavily reliant on commodities - 1950s → agricultural commodities (wheat/wool) main sources of income o By 2000, importance of these products declined to less than 26% of export income; minerals/fuels became more important (3% 1950s – 37% 1999/2000) o Manufactured items accounted for 11% of exports in 1950s → 24% 1999-2000 - Major problem in relying on agricultural/mineral exports → volatile world prices o Fluctuations in price can be extreme as demonstrated by changes in wool prices during late 1980s - Recently, resources dominating Aus’s exports & services are holding up o 1988 – Services (20%); Resources (23%) o 2012 – Services (17%); Resources (49%) -...
Similar Documents to HSC Economics

Global Economy

This student studied:
HSC - Year 12 - Economics

Value, Composition and Direction of Australia’s Trade and Financial Flows Trends in Australia’s Trade Patterns  Changing direction of trade o Before WWII, mostly trade with European countries, espec. UK o After 1973, decision of UK to join EU meant Australia was placed under the Common External Tariff o Shift towards SE and NE Asian countries, due to economic expansion and development o By 1960s, Japan expanding rapidly, demanding product inputs like Australian

1 Ex Credit

View Details

Australia's Place in the Global Economy

This student studied:
HSC - Year 11 - Economics

Summary o Australia’s trade has grown rapidly – but financial flows have grown faster Reasons: 1. Foreigners have purchased mare of Australia’s asset (direct investment) and invested in Australia’s businesses (porGolio investment) 2. Australians have increased their overseas investment

1 Ex Credit

View Details

Essays and Essay Plans for Topic 2 HSC Economics

This student studied:
HSC - Year 12 - Economics

In-depth with stats and trends for most likely asked questions for topic 2, band 6 material.

5 Ex Credits

View Details

HSC Economics Topic 2 Notes

This student studied:
HSC - Year 12 - Economics

Extensive notes on 'Australia's Place in the Global Economy' topic for HSC Economics students.

1 Ex Credit

View Details