Textbook pp 50-71

A pretty fast look through most of these (diagram on p.51), although will spend some time on the economic cycle.

Remember to keep an eye on the ‘BizWORD’ sections for what might be in Friday’s Glossary Quiz.

1. A due date is a due date…
2. Email etiquette – I’m doing you a favour, it’s pretty simple to ask nicely rather than just attach the document to a blank email.
3. How email works: don’t hit send then slam your lid … it won’t send, and you will miss the deadline. Better to learn the lesson on this than a final deadline or a job application.
   

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4. Keep focused on the question – Australian economy. Lots of irrelevant examples given from USA in particular.
5. Structure! The scaffold suggests you have 3 key contributions. Use a topic sentence to outline what it is. Use specific data, whether from ABS or from within article/s you’ve found, rather than ‘lots of employees’ etc.
6. Referencing: any information you’ve gotten from elsewhere. All stats need to be referenced.
7. Use quality sources! blah.blogspot.com not necessarily a great source. Use the company website, or newspapers, or financial blogs from a company with an author credited.
8. Conclusion: here’s you last chance to convince me. Take 5-10% of the word count and recap your main points, referring to an example or two you used. Possibly finish with a sentence that answers the question.

http://online.clickview.com.au/mylibrary/videos/a7b3ec72-ce1f-e75f-9368-068bfd8c9df0

Some terms used during the video

• Market
• Consumers
• Producers
• Consumer sovereignty
• Value added
• Law of demand
• Elastic demand
• Inelastic demand
• Substitute goods
• Complementary goods
• Demand factors
• Needs
• Wants
• Production
• Factors of production
• Relative scarcity
• Law of supply
• Supply factors
• Efficiency
• Levels of government

Jump to Chapter 10! (page 322)

A lot of the early stuff on SME’s we have already covered, but it is important to get the mind map of the Characteristics of an SME into your book.

Let’s pay particular attention to sections 10.3 and 10.4 … look useful for anything you’re doing at the moment? 🙂

Here are a few resources to help you identify possible areas of the Australian economy to examine in your assignment:

CIA World Factbook – Australia (click on Economy dropdown). Up to date statistics and a good overview of the sorts of things you might consider how business impacts upon.

An Introduction to the Australian Economy – excellent report from a respected Australian economist (Saul Eslake). It is a bit old (2007) so don’t use the figures, but use the history or the ideas in it, and find updated figures

Australian Bureau of Statistics – repository of all sorts of statistics about Australia. Have a look around 🙂

Australian Treasury – the government department responsible for monitoring and managing Australia’s finances and economy. Try particularly the ‘Economic Roundup’