Economics and Australias Economy
Introduction
This topic introduces you to the study of economics, and the central issues of
scarcity, efficiency and the distribution of resources. Different types of
governments and economic systems are also examined, recognizing that this affects
the economic choices available. The use and purpose of economic models is
introduced, including the role of assumptions and the correct use and interpretation
of economic models. The issue of causality is also discussed. This topic also
examines the use and interpretation of data, including an analysis of the use of
graphs and tables.
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