im not exactly sure but there could be questions on the following
1. assessing the extent in which Australia has achieved its three goal SSEG, FE and PS. (in this case it has) and discuss a factor
2. describe the trend (using graphs?) in the CAD, GDP, Unemployment, CPI,
2. recent factors (structural and cyclical) affecting the CAD, boP....at least two for each to be on the safe side
3. relationship between participation rate and unemployment. maybe even the underutilisataion rate.
3. the government budget (the stance, the effect on public debt,
4. evaluation of the effectiveness of macroeconomic demand policies in achieving the goals
5. evaluate the role of a market in allocating resources
6. basic definitions. eg Productivity vs production vs Productive capacity or relative scarcity, opportunity cost ... basically stuff that people may generally ignore.
7. how a specific market failure may occur and link to a type of effiiency (a must)
8. the need for macroeconomic demand policies.
9. something to do with AS policies and evaluating strengths and weaknesses.
theres more but i cant think of them now.
basically study for everthing but i would particularly practise those 6 to 1o mark questions just to get a structure on how to handle these questions in the exam
lol I cannot count.