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HSC Economics Topic 2 Notes

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Entire notes on Australia's Place in the global economy, covering all the major topics. All content is streamlined to each syllabus point.

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8 Pages Partial Study Notes > 2 Years old
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HSC Economics Topic 2 Notes
Topics this document covers:
Economic indicators National accounts Currency Inflation Balance of payments International finance Foreign-exchange reserves Currency appreciation and depreciation Current account Monetary policy Currency intervention Fear of floating
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.

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Topics this document covers:
Economic indicators National accounts Currency Inflation Balance of payments International finance Foreign-exchange reserves Currency appreciation and depreciation Current account Monetary policy Currency intervention Fear of floating
Sample Text:
- Now AUS export trade are resource commodities and services to South-East Asia. - China is AUS largest trading partner since 2007 STAT China: 4% AUS exports (2000) →35% AUS exports (now) Changing composition of exports - STAT Commodities (agriculture and minerals) = 2/3 of AUS export revenue. - AUS agricultural exports declining because of EU protectionist policies Changing composition of imports - Imported capital goods increased due to mining boom: 17.6% (2002) to 22% (2012). Net Capital Importer - AUS is a net capital importer due to savings and investment gap (structural factor of PYA). Australia’s balance of payments Balance of payments is a record of the value of all financial transactions between Australia and the rest of the world during a given period. - Consists of the current account (CA) and the capital & financial account (KFA). - I...
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