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
Part 1: Economics
Part 2: Statistics
|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%|
|6||Market failures, externalities and intervention||5%|
|7||National income accounting||10%|
|Part 2: Statistics|
|11||Frequency distributions and probability||8%|
|13||Simple linear regression and correlation||10%|
The jig is up on the gig economy this tax time
Media Release | 15 June 2021
Tips for auditors
CPA Australia, with the assistance of PwC partner Valerie Clifford, has developed these tips to assist members conducting audits when economic conditions are uncertain. These tips should assist auditors when managing the greater risks presented in tough times.
- Business management
Managing through difficult times
While there is no silver bullet, there are some actions you can take to manage your business through difficult times and position it for future growth.
- COVID 19
Tax compliance issues a priority for ATO and TPB
Tax practitioners are at the frontline of the response to business lockdown, report tax regulators.
- Business law
New code aims to provide relief by spreading the burden of commercial rent
The commercial rent relief scheme still has significant issues yet to be answered. Here’s what we know.
Is it time to bring contractors in from the cold?
It’s assumed that employees possess a greater sense of commitment and loyalty but is this the case?