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Economic Objectives? (1 Viewer)

Shapes

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hihi~ all

~ I know this might seem like basic knowledge and that I should know it but...

what are the economic objectives the Australian govt. tries to achieve with it's Microec. and Macroec. policies???

thanks in advance =D

Cheers!
Shapes
 

gnrlies

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Heh

To give you the real objectives (irrespective of the grossly innacurate document that is the syllabus)

• economic growth = Micro reforms such as workchoices, gst and others
• full employment = deregulation of labour markets / education
• price stability = Monetary Policy = Govt doesn't directly involve themselves in
• external stability = Nothing - govt takes the position that as long as it is private sector debt then its not their problem
• environment = Well they take a practical approach to it. They dont get tied up in the ideologies of 3 mines policy, or peter garrett. They say - "Hey will it work - no, then we wont spend billions on it to make us look responsible"
• distribution of income = well the howard government is a surprise package. They are actually strong proponents of middle class welfare. Nonetheless the Liberal party has firm beliefs in the power of the individual and promotes individual responsibility. Therefore welfare should be declining and progressive taxation is not supported. (but this is not the Howard govts beliefs)
 

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