mining boom - Economics Students Society of Australia

mining boom

A collection of 9 posts

Out with the Mining in with the...?

Out with the Mining in with the...?

Before the 19th century, Australia’s economic output was made up mostly of sectors involved in basic necessities, such as food, leather and domestic items, with the government acting as the primary producer and consumer. It was only in response to the gold mining boom and growth in the wool

Economic complexity & Australia’s troubling economic outlook

Australia's economy: then and now

Economic complexity & Australia’s troubling economic outlook

What is the economic outlook for Australia? It’s the kind of question that gets thrown about often in the halls of Parliament House, at business council functions, or over golf-tees between retirees. Historically, the answer to this question has relied on macroeconomic modelling, some econometric work, and a good

Falling Commodity Prices: Riding the Rollercoaster

Australia's economy: then and now

Falling Commodity Prices: Riding the Rollercoaster

In recent years, the Australian economy has been the beneficiary of strong global demand for commodities and the correspondingly high terms of trade (TOT). Since then, sluggish global demand conditions alongside the transition within the mining sector from the investment to production phase has mismatched supply and demand and translated

The end of good times? The mining boom re-examined

The end of good times? The mining boom re-examined

This article is one of two Q&A specials informing the reader on a topic of economic importance to Australia that was discussed by the panel on the night. In the past few years Australia has experienced one of the longest and largest increases in the value of the mining

How the MRRT 'Super Profits' tax failed on basic economics

How the MRRT 'Super Profits' tax failed on basic economics

First, the good news. Figures from the Bureau of Resource and Energy Economics released last week show that current ‘committed’ investment in the Australian resources and energy sector is a record $268 billion. Now for the bad news. In the past year, $150 billion of new project investment has been

The World this week with ESSA

The World this week with ESSA

Hand picked selection of economics content from around the web. This week: Europe, US election coverage, the RBA’s monetary policy and the cost of free range chickens. ESSA, 7 October 2012 World Economy Europe Greek Prime Minister Warns of Societal Collapse Like Weimar Germany; Citizens Storm Defense Ministry; – Global

Why we aren’t feeling the mining boom?

Why we aren’t feeling the mining boom?

We are all aware about the mining boom going on in WA and QLD, and the other states trapped in the slow lane of the 2 speed economy, patiently waiting for the supposed income flows from the mining boom to come. The RBA seems to always be optimistic that the

The World This Week with ESSA

The World This Week with ESSA

The world this week with ESSA Hand picked selection of economics content from around the web. ESSA, 9 September 2012 – World Economy A precarious global outlook – Business Spectator Stephen Koukoulas speaks at the Sydney breakfast with the Economists event, giving a broad overview on topics of interest around the world:

Structural Changes in the Australian Economy: Part 2 – The Two Speed Economy (Q&A special)

Structural Changes in the Australian Economy: Part 2 – The Two Speed Economy (Q&A special)

Many of you would be aware that ESSA is hosting a Q&A event on the evening of Thursday August 16th, where our brilliant panel will be answering questions on immigration and the two-speed economy. In honour of Q&A, I have decided to continue my series on structural changes