This is the second book in a series which records the proceedings of a National Economics Teachers’ Conference conducted by the Economics Education Resource Centre. Economics ’92 was held at the University of New South Wales in Sydney over July 13-14, 1992.  Fourteen papers were presented to the conference by economists and educators under the theme of Macro and Micro Policy in the ’90’s. The program covered a wide range of topics relevant to secondary economics teaching and highlighted many of the issues in the current debate over the formulation of economic policy in Australia, and in the states that now comprise the Commonwealth of Independent States.