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.

part I|43 pages

Methods and themes

chapter 1|2 pages


chapter 2|19 pages

The public policy process in Australia

chapter 3|20 pages

Economic policy and efficiency

part II|164 pages

Economic policy

chapter 4|11 pages

Industry policy

chapter 5|16 pages

Agricultural policy

chapter 7|11 pages

Trade practices

chapter 8|9 pages

National Competition Policy

chapter 10|21 pages

Energy policy

chapter 11|14 pages

Utility regulation in Australia

chapter 12|10 pages


chapter 13|14 pages

Labour market intervention

chapter 14|12 pages

Training and education markets

part III|65 pages

Social policies, environment and taxation

chapter 16|14 pages

Health care

chapter 17|22 pages

Revenue raising and tax policy

chapter 18|13 pages

Environmental policy

part IV|4 pages


chapter 19|2 pages