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Relevance to Curriculum Frameworks
Increasing media coverage of economic issues and events have placed a greater importance on understanding the impacts of economic change at individual, local, national and international levels. The study of economics, with its focus on decision-making at each of these levels, has in turn become a increasingly important area of study.
Students of economics develop an understanding of the inter-relationship between key economic factors and how those factors ultimately influence the well-being of Australians. Investigation of Australia's trade relations, balance of payments, and other connections between the domestic and international economies are also important. These curriculum outcomes are well supported by the content of Measuring Australia's Economy.
The ABS has a primary role in measuring the economic health of the nation and assisting governments to make informed decisions. Material presented in this book provides concise treatment of key Australian economic indicators and how they are used to measure economic activity.
Measuring Australia's Economy covers topics including national accounts, balance of payments, domestic consumption and investment, production, labour, and financial markets. Australia's relationship with the international economy is also analysed by presenting information on international accounts and trade comparisons between Australia and other overseas countries.
Statistical material is presented extensively and will promote analytical, numerical and statistical competency allowing students to compare the relationship between major economic trends using real data.
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