Fiscal Policy
Economics · Year 11 · Economic Management and Policy · 4.º Período

Fiscal Policy

This topic introduces the role of the Federal Budget in managing the macroeconomy. Students analyse how changes in government spending and taxation can influence the level of economic activity.

ACARA Content DescriptionsACARA Senior Secondary Economics (Unit 4) - Nature and operation of fiscal policyACARA Senior Secondary Economics (Unit 4) - The budget outcome

About This Topic

This topic introduces the role of the Federal Budget in managing the macroeconomy. Students analyse how changes in government spending and taxation can influence the level of economic activity.

Key Questions

  1. What is the purpose of the Federal Budget?
  2. How do budget deficits and surpluses affect the economy?
  3. What are automatic stabilisers?

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Activities & Teaching Strategies

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Edited by Adriana Perusin, Editor-in-Chief, Flip Education