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Went in prepared for micro and international organisations. Cheering

Re: 2015 HSC Economics Marathon Stance is purely from the year before. It just means that they aren't spending as much as last year.

Re: 2015 HSC Economics Marathon bump

Re: 2015 HSC Economics Marathon Would environmental policies be a type of factor market reform (i.e. land)?

The one for real GDP, where it has Nominal/CPI *100 -- is that just assuming that CPI in the base year is 100? Cause if it was say 120, wouldn't you have to multiply by 120

Why wouldn't it simply be an increase in demand? What's your reasoning?

Do people actually use stats?

...:thrust:

Those pictures were awful

If for some stupid reason they ask for reference to two characters, can you just do 1 paragraph on 1 character and like 4 on Hamlet?

Technique for "but he knows his heart and mind now belong to that tower forever"? Like I feel like it could be personification, but it doesn't seem right and I know there would be a better alternative

For this Q: Analyse the effects of a sustained increase in a current account deficit on the Australian economy. The marking criteria has stuff on the causes... Isn't this asking purely for the effects??

Another similar one I don't understand. Please explain. If it's simple algebra I will :chainsaw: 10. Assume that C = 100 + 0.75Y and I = 200. What is the equilibrium level of national income? (A) 300 (B) 375 (C) 1200 (D) 1375

-2 < x < 0 and x > 1

Re: 2015 HSC Economics Marathon This is the main one

Re: 2015 HSC Economics Marathon Not necessarily. Holding reserve assets is just like the nation saving money (just not in their own currency). This is beneficial if a central bank is required to 'dirty the float' as they aren't able to purchase AUD with AUD for example, they'd require other...

Function is increasing where the first derivation is positive, i.e. > 0 That would mean -2 < x < 0 and x > 1 (Assuming your graph is correct) It can't be Greater than or equal to because at that turning point f'(x)=0 and therefore not >0 (as function is increasing at where f'(x)>0)

Re: 2015 HSC Economics Marathon Explain to me the J-curve theory thingo. (As many marks as necessary for me to fully understand)

Is this even in the new syllabus anymore? I haven't seen it in any of the later HSCs (correct me if I'm wrong plz)

Yes. This is exactly what I thought. Obviously for this question it must be the correct answer as MER is the solution. However, I do think you're right to say that increasing competition alone won't reduce the NAIRU. In regards to the bolded bit, I believe that in the long term it would --...