Curriculum Australia's Economy
Australia's Economy
How a resource-rich nation became the "lucky country": an overview, nearly thirty years without recession, the Hawke-Keating reforms, floating the dollar, education exports, negative gearing and housing, the 2020 China trade dispute, LNG and coal, Medicare and the PBS, introducing a GST, and the India trade deal.
- Australia at a Glance An overview of Australia's economy - high incomes, resource exports, services and immigration - and why it's called "the lucky country". 📄 Read-aloud
- Nearly Thirty Years Without a Recession How Australia avoided recession from 1991 until the 2020 pandemic, one of the longest expansions in history, and the factors that helped. 📄 Read-aloud
- The Hawke-Keating Reforms How Labor governments under Bob Hawke and Paul Keating from 1983 cut tariffs, deregulated finance and made wage deals with unions, transforming Australia's economy. 📄 Read-aloud
- Floating the Australian Dollar How Australia floated its currency in December 1983, and how a flexible exchange rate has acted as a shock absorber during commodity booms and busts. 📄 Read-aloud
- Education as an Export How international students became one of Australia's largest exports, why students from India and China matter, and how visa caps from 2024 affected universities. 📄 Read-aloud
- Negative Gearing and Housing How Australia's tax rules let property investors deduct rental losses from income, combined with capital gains discounts, and the debate over their effect on house prices. 📄 Read-aloud
- Australia's Economy: Checkpoint 1 Quick checkpoint - five questions on Australia's economy, its long expansion, reforms, the dollar and education exports. 5 questions
- The China Trade Dispute of 2020 How China imposed tariffs and informal bans on Australian wine, barley, coal and lobster after diplomatic tensions in 2020, how Australia diversified, and how restrictions were lifted. 📄 Read-aloud
- LNG, Coal and the Energy Transition How Australia became one of the world's largest LNG and coal exporters, the domestic gas price debate, and the challenge of transitioning a fossil-fuel-exporting economy. 📄 Read-aloud
- Medicare and the PBS How Australia combines public Medicare with private insurance, and how the Pharmaceutical Benefits Scheme negotiates low medicine prices. 📄 Read-aloud
- Introducing a GST: Australia's 2000 Tax Reform How Australia replaced a messy wholesale sales tax with a 10 percent GST in July 2000, how it was sold politically, and lessons for India's GST. 📄 Read-aloud
- Australia and India: The 2022 Trade Deal How the India-Australia Economic Cooperation and Trade Agreement of 2022 cut tariffs, what each country gains, and the growing strategic partnership. 📄 Read-aloud
- Lessons from Australia What Australia teaches about reform, flexible exchange rates, resource wealth, tax design and housing, and a recap of the module. 📄 Read-aloud