You pretty much just need to be able to take this: https://handbook.unimelb.edu.au/view/2010/620-157
so: A study score of at least 38 in VCE Specialist Mathematics 3/4 or equivalent; or 620-158 Accelerated Mathematics 2; or permission from the Director of the Mathematics and Statistics...
I would recommend 316-102 Introductory Microeconomics. Its really interesting (trust me!). Helps you develop your ideas on economics stuff etc. The man who teaches it is an absolute legend. His 2nd sem sub i didn't take, but have only heard good things about. (800-116 Generating the Wealth of...
I don't think theres such a thing as a diploma at melbourne, if you were studying maths at melb you'd be doing a Bachelor of science majoring in maths/possibly soemthing else, and then go on to do honours etc
Using economic models, the tax cut wouldn't "increase demand", but it wouldnt decrease the cost to the consumer by 5cents. The five cents would be shared between the consumer and producer.
It would increase quantity traded however which isnt good!
I find it interesting that Victoria's public transport privatisation has been hailed a success by the group, given that every day I read in the mX about what a shambles the public transport system is and how privatisation has ruined it.