ECON6000 Economic Principles and Decision Making

1. Display understanding of the concepts covered in class in Modules 3 and 4

2. Ability to apply the concepts covered in class to the Australian economy and analyse the applicability of such concepts.to real time economic situations

Answer the following at the end of their respective modules;You may submit your answers at the end of Module 4. Your submission could be a single word document upload.

Module 3:

1) What is First Home Owners Grant (FHOG)? Using an appropriate diagram, explain who benefits from FHOG- is it buyer or seller?

Module 4:

1) Australian economy is currently facing an unemployment rate of approximately 5.2% according to recent statistics; as an emerging policy maker, what are the ways you would suggest to bring down unemployment to around 4.5%