Performance of the Australian Economy
This module contains a collection of resources for teachers to help students use economic indicators to analyse the performance of the Australian economy. The resources support a number of Economics and Commerce curriculum objectives.
Delivery Notes
The Nature of the Economy
Guidance notes for teachers containing background information, and a summary of available resources and how they could be used within a classroom setting to deliver this topic.
Performance of the Australian Economy
Guidance notes for teachers containing background information, and a summary of available resources and how they could be used within a classroom setting to deliver this topic.
Presentations
A Case Study of Monetary Policy Implementation on 3 August 2016
This presentation explains how the Reserve Bank implements monetary policy using a case study of what happened on a day when the Reserve Bank changed the cash rate.
A Case Study of Liquidity Management on 3 August 2016
This presentation explains how the Reserve Bank manages liquidity using a case study of what happened on a day when the Reserve Bank changed the cash rate.
What is the Economy?
This presentation contains key information introducing students to the economy, circular flow model, and interdependence of the different sectors.
The Business Cycle
This presentation contains key information introducing students to the business cycle, inflation, interest rates and the role of the Reserve Bank.
Learning Activities
Reading and Interpreting Charts
Provides questions and activities linked to the Reading and Interpreting Charts video.
Opening the Vault
Guides students through how to find the information they need on the RBA website.
Unpacking Publications
Helps students familiarise themselves with RBA publications and provides some tips to make the most of the information provided.
Key Economic Indicators – Unpacking the Snapshot
Helps students to apply skills to summarise and explain key economic statistics and trends.
The Transmission Mechanism
Helps students understand how a change in monetary policy flows through to the rest of the economy.
Exploring Inflation
Work through this Activity to investigate interesting examples of inflation developments and trends.
You Make the Decision – the Cash Rate
Helps students identify key economic indicators and how recent movements in these indicators could influence the cash rate decision.
Perspectives on RBA decisions
Helps students to consider how decisions made by the RBA might affect different people in the economy.
Building Charts Using RBA Statistical Tables
Helps students to gain confidence building Excel charts from data available on the RBA website.
Sectors in the Economy
Helps students understand the five sectors of the circular flow model
Complete the Circular Flow Model
Provides an outline of the circular flow model for students to label
Injections and Leakages
Helps students identify different economic activity as injections or leakages
Business Cycle Case Studies
Help students consider how different people might be affected by the business cycle
Analysing Australia's Economic Performance
Helps students explore economic growth (GDP growth), unemployment rate, inflation and the cash rate
Comparing the Australian and Indian Economies
Helps students compare charts on GDP growth for Australia and India