activity but also inflation. (RBA 2007‚ Central Bank Market Operations‚ pp.19) Market operations are used to implement monetary policy‚ which involves dealing in markets to influence the interest rate on overnight funds in the money market. A target cash rate is set by the RBA for a period which in effect determines the interest rate that ADI’s charge on loans. Once the target cash rate is determined it is then the responsibility of the Domestic Markets department of the RBA to manage the cash rate and
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The process of urbanisation is a central feature of Australian history. By 1900 over two-thirds of Australians were living in areas that were classified as urban. The growth of these cities was encouraged by various factors; the interaction and engagement of economic‚ demographic‚ political and social characteristics are definitely the key features that promoted the urbanisation of Australia. However‚ with the development of Australia came problems that people living in cities had to face. Environmental
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over the past few decades. According to MODI (2014)‚ obesity has overtaken smoking as the leading cause of premature death and illness in Australia. It is currently a national public health crisis with huge negative impacts on the nation and its economy. This essay will explore obesity rates and costs in Australia and then it will examine the economic theory and the government interventions that underlie policies to deal with obesity rates. Government failures that could arise from these interventions
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necessity of providing delicate assistance for lower income earners to gather opportunities for education‚ training and employment. In studying the B. of Economics‚ I hope to become involved in advising government fiscal policies and working with the RBA in advising monetary policies or work with international organisations such as OECD‚ IMF or the World Bank. I aspire to play a role in ensuring that economic prosperity is matched with a fairer distribution of income‚ increased productive capacity
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For Aboriginal Australians‚ the land has a special significance that is rarely understood by those of European descent. The land‚ or country‚ does not only sustain Aborigines in material ways‚ such as providing food and shelter‚ it also plays a major role in their spiritual lives. As Rose put it‚ "Land provides for my physical needs and spiritual needs." (1992‚ p.106). To use Rose ’s own term‚ to Aboriginals the land is a ’nourishing terrain ’. (1996‚ p.7). The basic tenets of Aboriginal spirituality
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Essay Four (Exchange Rates): Topic 2 – Australia in the global Economy Outline the causes of a decrease in demand for the Australian dollar‚ and discuss the impacts on the Australian economy of a sustained depreciation of the Australian currency. The exchange rate is a measure of the value of a currency relative to another and is influenced by the demand and supply of the Australian Dollar (AUD). Changes in any of the factors that affect supply and demand causes the AUD to rise or fall. The demand
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Assessment Tool 1 Assessment Activity 1: 1. What is the Act and Regulations that apply to your state or Jurisdiction? The state of Victoria operates under The Occupational Health and Safety Act 2004 and The Occupational Health and Safety Regulations 2007 2. Where can you find out more about the Act and regulations for your state or jurisdiction? You can obtain more information by contacting WorkSafe Victoria on 9641 1444 or 1800 136 089. You could also visit their website at www
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In the early 1900’s clothes were a status symbol. Fashion was more important than comfort. Fashionable ladies enjoyed the grand occasions surrounding the federation of Australian colonies‚ and later the openings of new federal parliament‚ in Melbourne where royalty was going to be in attendance. Society matrons were lucky that the extravagant magnificent dresses of the Edwardian era coincided with Australians own premier events. Women liked to have a pinched waist‚ a big bust with no cleavage showing
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1/22/07 The Fragile Economy of the 1920’s and 30’s Post WWI and the Roaring Twenties Prior to the roaring twenties the global economy was unstable. World War I had created fragile trading bonds between the U.S. and many countries‚ war reparations needed to be paid by the countries that lost the war‚ countries such as Germany and Great Britain were indebted to the United States‚ and‚ as we know well‚ wars cost money. The economy was weakened and the developments made in the 1920’s didn’t help to
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Australian assimilation policies of the 1930 ’s. The following statement‚ "The assimilation policies of the 1930 ’s had a devastating effect on the Indigenous community‚ which is still being felt today. While promoted as protection for the Aboriginal children‚ the policy actually aimed at wiping out the Aboriginal race"‚ is incorrect and unsupported. It was not the actual assimilation policies that caused the devastating effects on the Aboriginal communities but the influence of the White Settlers
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