On Tuesday night, the Coalition government released their budget for 2014/15. This is one of their fiscal policy tools that they can use to manage the economy. The budget effects the level of economic activity, resource allocation and income distribution. It can also...
The National Commission of Audit was announced by the Treasurer, the Hon Joe Hockey MP, and the Minister for Finance, Senator the Hon Mathias Cormann, on 22 October 2013. The Commission was established by the Australian Government as an independent body to review and...
Following on from my last economics blog about International organisations affecting trade, I thought it would be good to continue to look at trade and globalisation. This week we look at trade agreements and blocs that Australia is involved in. These are useful for...
Many students take Year 11 as a breeze-through year; ‘it doesn’t count for anything’, ‘I’m saving myself for the HSC’. At HSC CoWorks we strongly disagree with these sentiments. Year 11 is a vital year to bed down study behaviours, commit to the strategies that HSC...
Exchange rates are constantly changing according to the global demand and supply of currencies across the globe. An exchange rate refers to the rate at which a unit of domestic currency is exchanged for a given amount of a foreign currency (Riley 2011). It is both a...
