MrWood.com.au: VCE Economics

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"Every individual intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his original intention. By pursuing his own interest he frequently promotes that of society more effectively than when he really intends to promote it." - Adam Smith, Wealth Of Nations

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The first test I will have to do in Economics will happen in:

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The Intergenerational Report

6th February, 2010

During the week the government released the third Intergenerational Report. This report highlighted some of the challenges that will face our country over the next forty years, including climate change and an ageing population.

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30th January, 2010

The announcement of the iPad will have a ripple effect throughout the economy. One thing that we will need to explore is the impact on complementary and substitute products.

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23rd January, 2010

In December 2009 the government received The Henry Review. This document is a detailed analysis of Australia's current taxation system, and a roadmap for tax reform that could happen in this country in the near future.

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1st January, 2010

As the beginning of the 2010 school year approaches, it is time to take a moment to look at how this website is changing. Lots of new content, a few new features, and even some up to date resources!

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View Mr Wood's News Archive

Welcome to MrWood.com.au!

This site has been designed to support you as you study Economics in the Victorian Certificate of Education (VCE). Each week you will find a new article about the changes in the Australian economy. You will also find up to date statistics that will help you describe what is happening. Economics is an interesting and valuable subject - I really hope that you enjoy it!

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Latest Comments!

4/02/2010	Anh Nguyen from The iPad wrote... The ipod will sell due its populari...	Article
4/02/2010	Albert Tang from The iPad wrote... I reckon it will sell because it ha...	Article
31/01/2010	Mr Stephens from The iPad wrote... Difficult to know if the ipad will ...	Article