Monetary Policy in Australia - Part 1

These videos are designed to complement the Stage 6 NSW Economics Syllabus. Specifically Preliminary Topic Five – Financial Markets Where Students learn about - Interest rates. Including - the types of rates in the short term and long term, - the role of the reserve bank of Australia in determining the cash rate and - the influence of the cash rate on interest rates. Today we will look at: - What is macroeconomics - What are the different types of Interest rates - What is a Financial institution and how do they make money - What is the role of the Reserve Bank of Australia - What is Monetary policy - What is Inflation, - The stances of monetary policy, and - Monetary policy during the global financial crisis