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Unit 2, Topic 2
Using the Measuring
What Matters framework from
the ABS, evaluate the extent to which Australia has achieved improved living standards by selecting two of the five themes.
Unit 4, Topic 2
In September 2025, a major mining operation in Queensland announced plans to cut around 750 jobs. The company cited increased state mining
royalties and weak global demand as reasons for the decision. The closure is expected to affect local employment, small businesses in the
region, and state government revenue.
BHP
alliance to sack 750 workers, blaming Qld government mining royalties - ABC News
Using the stimulus, explain how developments in the mining sector can affect aggregate demand in the Australian economy.
The power of consumer power
(Unit 1 and Unit 2)
Does supply determine demand, or does demand determine what is supplied, and how much?
Costs of Production: Kraft
Heinz undoes blockbuster merger after a decade of changing tastes |
AP News Sept. 2, 2025
When the company formed in 2015, it wanted to capitalize on its massive scale. But shifting tastes complicated those plans, with households
seeking out healthier options. The economies of scale that Berkshire Hathaway and 3G Capital envisioned for Kraft Heinz never materialized.
As the behemoth struggles to adapt to changing consumer tastes, the company has announced $300 million dollar plans to split.
Unit 4
Explain how fiscal policy can be used to reduce cyclical unemployment during an economic downturn.
Unit 2
Explain how a subsidy on electric vehicles may improve market efficiency. In your response, refer to market failure, externalities, and the
role of government intervention.
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