This book illustrates essential microeconomic concepts and theories
through the examination of related policy formulation in Australia
since the 1980s. It provides a fresh approach to the subject of
microeconomics from the perspective of both market and government
failures. By looking at how Australia has transformed over the
course of time, the book traces and tracks these changes and
relates them to the broader microeconomic reforms. It also looks at
the structure of Australian economic public policy formulation and
process. The book uses standard microeconomic techniques to analyse
the impact of these Australian policies and examines the role of
government in the implementation of these policies, making it a
very useful teaching vehicle for learning about microeconomics and
microeconomic policies.
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