MrWood.com.au: VCE Economics

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"Little else is requisite to carry a state to the highest degree of opulence from the lowest barbarism but peace, easy taxes, and a tolerable administration of justice: all the rest being brought about by the natural course of things." - Adam Smith (Lecture in 1755)

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SELECT * FROM poll where pollstartdate <='2010-3-11' AND pollenddate >='2010-3-11' order by pollstartdate desc;

On February 27th the share market index was at 4650. By mid-March it will be closest to:

select top 4 * from news where visible=1 order by date desc;

Health Care Reforms

6th March, 2010

It was hard to miss - during the week the Rudd government announced that they would be moving towards a federal funding system for the Australian health care system. This is a major policy shift about the way in which resources are allocated in this country.

Read

27th February, 2010

Sometimes the actions of the market will result in an inefficient allocation of resources; sometimes inefficiency arises as a result of government policy. The recent events surrounding the government's insulation policy provide an interesting case study.

Read

20th February, 2010

When people have a high degree of confidence, they spend more money. But this is not always a good thing, and sometimes an increase in confidence can mean that some bad news (for some) is just around the corner....

Read

13th February, 2010

The Australian economy seems to have passed through the global financial crisis, and strong economic data is being published every day. This is not the case in other parts of the world, such as the European Union.

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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!

11/03/2010	Emily Smith from Health Care Reforms wrote... Having experienced both the NSW and...	Article
11/03/2010	Ben Andrews from Insulation wrote... Based on statistics, Australia has ...	Article
11/03/2010	Tom Dundon from Insulation wrote... The federal government's home insul...	Article