About this Lecture

This lecture instructs IMAC candidates on the fundamentals of applied economics with an Australian perspective including:

• factors that have benefitted or challenged Australian policy makers;
• the role of the floating exchange rate in contributing to Australia’s economic prosperity;
• how the model of supply and demand can model imports, exports, house prices and taxes;
• the features of an asset in an economic context, and the impact of supply and demand on asset prices and returns;
• the Transmission of the RBA’s Monetary Policy;
• quality bias and money illusion in the economic c...