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Note: This page has been retained for archive purposes only, and is no longer maintained. Enoch Lau's current site can be located at http://www.nointrigue.com/.

Economics

Warning: Use these notes at your own risk.

Note: The page has been relocated to http://www.nointrigue.com/wiki/Notes/Economics. See that page for the most up-to-date version.

year 11

Preliminary (Year 11) resources

Resource Type Versions

The Circular Flow of Income
Summarises the five sector flow model for individuals, businesses, governments and financial institutions.

Notes

 

Demand and Supply
Discusses factors affecting demand and supply, and movements along the demand and supply curves.

Notes

 

The Economic Problem in Australia
Provides information about the economic problem in an Australian context and the way in which it is addressed.

Essay

 

Basic Function of Financial Sector
Discusses economic units, types and roles of financial markets, regulatory authorities, factors affecting the demand and supply of funds, financial changes and innovations, borrowers in the debt market, debt instruments, interest rates, the cash market and effects of cash rate.

Notes

 

Merit and Public Goods
Distinguishes between merit and public goods, and explains why the Government is the main provider of these goods in the economy.

Essay

 

Labour Market Essay
Explains the labour force participation rate, factors that affect it, and its relationship to the unemployment rate.

Essay

 

Labour Market Assessment Task
Discusses the Australian labour market, in terms of market outcomes and the role of major labour institutions.

Essay

 

Market Equilibrium
Defines market equilibrium, and explains how market forces establish it and the factors that can lead to a change in equilibrium.

Essay

 

Class Notes
Provides detailed notes on the topic of work and employment in the economy.

Notes

 

The Effect of Population Ageing on the Australian Economy
Discusses the nature of the issue, implications for consumers and business, and implications for governments and policy responses.
Credits: Eric Cheung, Enoch Lau, Viktor Tanevski

Research Project/Essay

 

Price Elasticity
Discusses the nature of elasticity, ways to measure it and its impact on businesses and government.

Essay

 

Production Possibility Curves
Explains the different shapes of the production possibility curves.

Notes

 

Productivity
Defines productivity and outlines ways to increase it.

Notes

 

 

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