Jacaranda Key Concepts In VCE Economics 1 Units 1 & 2

Page 304

“c05TheChangingLabourMarket_PrintPDF” — 2022/6/3 — 13:15 — page 18 — #18

FIGURE 5.12 Changes in Australia’s trade union membership (percentage of labour force)

Trade union membership by sex

50

FS

40 30

O

20 10

O

Trade union membership (%)

60

0 Men (pre-2004) Total (2004+)

Women (pre-2004)

Total (pre-2004)

PR

1976 1978 1980 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 Men (2004+)

Women (2004+)

E

Notes: 1. pre-2004 series: includes Owner Managers of Incorporated Enterprises (OMIEs), 2. 2004+ series: excludes OMIEs, 3. The ABS plans to produce historically comparable estimates for the pre-2004 period, excluding OMIEs, in the future.

PA

G

Source: ABS, Trade union membership, see https://www.abs.gov.au/statistics/labour/earnings-and-working-conditions/trade-uni on-membership/latest-release.

5.3 Activities

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5.3 Exercise

5.3 Quick quiz

5.3 Exercise

1. Examine Table 5.2 showing hypothetical population data for a nation:

(5 marks)

U

N

TABLE 5.2 Population data for a country

18

Indicator Total population

Data 20 000 000

Total number of persons aged over 15 years

15 000 000

Number of people employed

10 000 000

Number of people unemployed

500 000

The underemployment rate (%)

5

Jacaranda Key Concepts in VCE Economics Units 1 & 2 Twelfth Edition


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8.8 Review

41min
pages 499-518

8.7 The responses by economic agents to improve environmental sustainability

28min
pages 488-498

8.4 The reasons why environmental sustainability is of importance to Australia and globally

3min
pages 472-475

8.3 Measures of the environmental sustainability of economic activity

23min
pages 459-471

8.5 The economic factors influencing the extent of environmental sustainability

16min
pages 476-482

8.6 Different perspectives about the issue of environmental sustainability

8min
pages 483-487

8.2 Definition and general nature of environmental sustainability

2min
pages 456-458

8.1 Overview

2min
pages 454-455

7.8 Review

40min
pages 437-453

7.7 The Australian government’s response to address inequality in the distribution of income and wealth

25min
pages 428-436

7.5 Economic factors affecting income and wealth inequality in Australia

14min
pages 414-422

7.6 Different perspectives about the distribution of income and wealth

10min
pages 423-427

7.4 The reasons why the distribution of income and wealth is an important issue

11min
pages 408-413

7.3 Measures of Australia’s distribution of income and wealth

19min
pages 397-407

7.2 Definition, nature and direction of income and wealth

5min
pages 393-396

7.1 Overview

1min
page 392

6.8 Review

25min
pages 380-391

6.7 Economic responses and government policies involving international trade

33min
pages 364-379

6.6 Different perspectives about the issue of international trade

13min
pages 357-363

6.5 The economic factors influencing international trade

10min
pages 351-356

6.4 The benefits of international trade for Australia and the global economy

7min
pages 346-350

6.3 Measurement of Australia’s international transactions

3min
pages 343-345

6.2 Definition, nature and direction of international trade

2min
pages 340-342

6.1 Overview

3min
pages 338-339

5.8 Review

35min
pages 322-337

5.7 The Australian government’s economic responses to address changes in the labour market

17min
pages 314-321

5.6 Different perspectives about the changing labour market

5min
pages 312-313

5.3 Measures of Australia’s changing labour market

23min
pages 290-301

5.5 The economic factors influencing changes in Australia’s labour market

13min
pages 304-311

5.2 Definition and nature of the labour market

5min
pages 286-289

5.1 Overview

2min
pages 284-285

4.16 Review

40min
pages 267-283

standards

7min
pages 256-259

4.13 The potential costs of economic growth

14min
pages 248-255

4.12 The potential benefits of economic growth

10min
pages 242-247

4.10 Aggregate supply — its meaning, importance and factors affecting its level and economic activity

19min
pages 231-237

4.11 The measurement of economic growth using changes in Gross Domestic Product (GDP

8min
pages 238-241

4.8 BACKGROUND KNOWLEDGE: Overview of factors that may affect Australia’s level of economic activity

2min
pages 221-222

4.9 Aggregate demand — its meaning, importance and factors affecting its level and economic activity

18min
pages 223-230

4.6 Types of economic indicators

7min
pages 215-218

4.5 The business cycle

5min
pages 213-214

4.4 The five-sector circular flow model

11min
pages 206-212

4.3 The meaning of material and non-material living standards

5min
pages 203-205

3.5 Review

30min
pages 180-197

3.4 The effectiveness of strategies used by businesses to influence consumer behaviour

22min
pages 168-179

3.1 Overview

1min
page 148

3.3 The effectiveness of strategies used by government to influence consumer behaviour

20min
pages 159-167

2.10 Review

40min
pages 128-147

2.9 Researching a contemporary Australian or global market

37min
pages 108-127

2.8 How changes in relative prices and profits affect Australia’s resource allocation

11min
pages 102-107

equilibrium price and quantity

31min
pages 90-101

2.3 BACKGROUND KNOWLEDGE: How markets make key economic decisions — the big picture

7min
pages 79-81

2.4 The law of demand and movements along the demand curve

7min
pages 82-84

2.5 The law of supply and movements along the supply curve

6min
pages 85-87

2.2 The nature of perfectly competitive and other types of markets in an economy

19min
pages 71-78

2.1 Overview

1min
page 70

1.9 Review

46min
pages 51-69

1.5 Decision making in different economic systems

30min
pages 24-36

1.4 Making economic decisions

22min
pages 14-23

1.3 The basic economic problem of relative scarcity

9min
pages 10-13

1.8 Governments and their role as economic agents

15min
pages 45-50

1.6 Consumers and their behaviour as economic agents

11min
pages 37-41

1.1 Overview

1min
pages 4-5

1.7 Businesses and their behaviour as economic agents

4min
pages 42-44

1.2 What is economics?

4min
pages 6-9
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