Study Guide to Accompany Waud, Maxwell & Bonnici Macroeconomics / Yvonne M. Melotte and Clive Reynoldson.

Economics and economic issues -- Scarcity, choice and the economic problem -- The nature of the mixed economy -- Demand, supply and price determination -- Macroeconomic concepts -- Economic fluctuations, unemployment and inflation -- Measuring national income and product -- Aggregate demand and supply: the income-expenditure view -- Total expenditure and the multiplier in income determination -- Government spending, taxation and fiscal policy -- Aggregate demand and supply: inflation and supply-side economics -- International trade and the national economy -- The nature and functions of money and banking -- Banks, money creation and the role of the reserve bank of Australia -- The role of money in income determination -- Monetary and fiscal policy and budget deficits -- The inflation-unemployment trade-off: supply side accelerationist and new classical views -- Incomes policies -- Economic growth -- The gains from trade and barriers to trade -- Balance of payments, exchange rates and the international financial system -- Comparative economic systems.