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Australia’s Place in the global economy

Australia’s Place in the global economy. Topic Revision. Videos to refresh you Memory!. Swan claims economy is strong http :// www.abc.net.au/news/2012-02-07/swan-claims-economy-is-strong/3815244 Australia in the Asian century: ABC Business http :// www.youtube.com/watch?v=DPBsyG-RXkY.

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Australia’s Place in the global economy

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  1. Australia’s Place in the global economy Topic Revision

  2. Videos to refresh you Memory! • Swan claims economy is stronghttp://www.abc.net.au/news/2012-02-07/swan-claims-economy-is-strong/3815244 • Australia in the Asian century: ABC Business http://www.youtube.com/watch?v=DPBsyG-RXkY

  3. DISCUSSION!!!!!!!

  4. Australia’s trade and financial flows Value, composition and direction of Australia’s trade and financial flows • trends in Australia’s trade pattern • trends in financial flows – debt and equity

  5. Australia’s Balance of Payments • structure • Current Account, debits and credits • Capital and Financial Account • links between key Balance of Payments categories • trends in the size and composition of Australia’s Balance of Payments • international competitiveness, terms of trade, international borrowing, foreign investment • effects of these trends on Australia’s Balance of Payments

  6. Australia’s Balance of Payments

  7. Exchange rates • measurement of relative exchange rates • to other individual currencies • Trade Weighted Index • factors affecting the demand for and supply of Australian dollars • changes in exchange rates – appreciation/depreciation • determination of exchange rates including fixed, flexible and managed rates • the influence of the Reserve Bank of Australia on exchange rates • the effects of fluctuations in exchange rates on the Australian economy

  8. Exchange rates

  9. Free trade and protection • Australia’s policies regarding free trade and protection • Australia’s multilateral and bilateral free trade agreements – (overview of two examples of each type of agreement) • the implications of Australia’s policies for individuals, firms and governments • implications for Australia of protectionist policies of other countries and trading blocs.

  10. Free trade and protection

  11. Revise REVISERevise! • Stay up to date with data • Maintain contact with ‘Google News’ on Australia’s Economy and global if you do not read the NEWSPAPER • The Syllabus is the KEY but its how apply your understanding to the question

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