How Aggregate Supply Policies Work

What this note covers

1. What aggregate supply policies are and where they sit in the policy mix
2. The engine room: productivity, costs and productive capacity
3. Worked application: tracing a fee-free TAFE program through the AD/AS framework
4. Market-based versus interventionist approaches
5. Why AS policies deliver sustainable growth without inflation
6. Strengths, weaknesses and exam technique

6 sections · 12 key terms & formulas · 6 common mistakes