Economics and Markets
Content Summary
This exam covers economics and quantitative methods. In economics, key microeconomics concepts of demand and supply, elasticity, productivity, market structures, and market failure are covered. It also covers macroeconomic concepts of income distribution and the structure of the financial economy including the calculation of key national economic measures. In quantitative methods, key tools of statistical analysis are covered, such as descriptive statistics, frequency distributions and probability, hypothesis testing, simple linear regression and correlation.
New study map
The study map provides you with step-by-step guidance to plan your studies and prepare for your exam.
Topics
Part 1: Economics
Topics
Part 2: Statistics
Topic weighting
Module | Exam topic | Weighting % |
---|---|---|
Part 1: Economics | ||
1 | Understanding economic data | 11% |
2 | Defining economics and the market | 5% |
3 | Demand, supply and the price mechanism | 12% |
4 | Cost, revenue and productivity | 8% |
5 | Market structures | 7% |
6 | Market failures, externalities and intervention | 5% |
7 | National income accounting | 10% |
8 | Macroeconomic concepts | 5% |
9 | Macroeconomic policy | 5% |
10 | Government regulations | 4% |
Part 2: Statistics | ||
11 | Frequency distributions and probability | 8% |
12 | Hypothesis testing | 10% |
13 | Simple linear regression and correlation | 10% |
Total | 100% |
Discover more
The economic upside of reducing global food waste
1 September 2023 | The push to cut an estimated A$4 billion in food waste globally has the potential to bring tangible economic benefits.
- Economy
Published on10 min read timeHow interest rates hikes are affecting SME financing
With lenders increasingly cautious, cash flow control may be a major option for your clients
- Economy
article·Published onInside story of the 2023 RBA review
28 March 2023 | The senior correspondent who sparked the review explains why it was needed
- Economy
Published on35 min read timeYour expert guide to the property market in 2023
31 January 2023 | Key insights for homeowners, investors, buyers and renters.
- Economy
Published on30 min read timeThe jig is up on the gig economy this tax time
Media Release | 15 June 2021
- Economy
Federal Election
Our expert coverage of the 2022 Federal Election
- Economy