ATARMAxxing · VCE Economics revision notes
Exchange Rates & International Competitiveness
Unit 3 AOS3 — Australia and the international economy
What this note covers
- The exchange rate is a price: demand and supply for the AUD
- What moves the dollar: factors shifting demand and supply for the AUD
- Worked application: a commodity price surge hits the forex market
- Appreciation vs depreciation: who wins, who loses
- International competitiveness: more than just the dollar
- Linking it all to the three domestic goals and living standards
6 sections · 13 key terms & formulas · 6 common mistakes
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