As most of the introductory stuff had already been covered by the preface I will keep this introduction short. Australia is a country with a strong economy heavily focused on mining. This young nation has has a short history from the first penal colony to the gold rush to the Mining Boom with many ups and downs. However, Australia also has some economic history during the 50,000 years or so this land was ruled by the Aboriginals. Australia now faces the challenges of a crashing mining sector, housing bubble and an aging population. This nation, as history has shown, tends to fare much better then other Western nations during downturns.
The Outline This book will be structured into the following specific main chapters:
Economic Terminology This chapter will give the reader some basic economic terminology to help them understand some economic concepts that may come up in this book.
Overview of the Australian Economy Here we will provide an overview of Australia on areas such as economy, geography and demographics and the concept of globalisation will be explained.
The Past This chapter will act as a summary of Australia's history. This involves the time before the Europeans came to Australia, the British arrival to Australia, the Australian Gold Rush and the 20thcentury.
The Present The following chapter will discuss the details of the more recent events transpiring in Australia right now. This includes the housing boom, the Mining Boom and Australia's relationship with China.