Hi guys,
since it's expected that we know 2 years of economic history for the exam as it will be referencing things from the past, just how much knowledge do I need? do we have to memorise every decision by the RBA and treasury from that time? or is it more like knowing the interest rate changes from the end of each quarter?
Thanks.
You should remember your bread and butter statistics for the last 2 years:
1: economic growth
2: Inflation
3: Unemployment rate
4:Monetary policy cash rate changes
5: Last 2 budgets- just remember 1 or 2 policies for each type of policy, (e.g 1 or 2 for infrastructure spending, welfare etc.)
Extra stuff you could choose to remember, but it’s probably more important to know the basic trend rather than specific numbers:
Exchange rate, TOT, Consumer + business confidence, etc.