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Bingo - forgot that CAD = KAFA, not CA = KAFA hate it when I make mistakes like this

I agree, but in saying that my I would be surprised if CAD doesn't come up. And also think eco growth could be a good one, hasn't come up in a while (I think?) and is interesting because of the slowdown of the mining boom.

Hey, worked this out before but it's stumbling me again. Supply of $A = Demand for $A ∴ M + Y debits + K outflow = X + Y credits + K inflow rearranging gives: ∴ M - X + Y debits - Y credits = K inflow - K outflow ∴ CAD = KAFA surplus BUT while above is what the textbook says...

I was thinking that, I find it pretty interesting stuff though. Good discussion definitely either way. /thread

The Dixon one, but I have been supplementing my knowledge with a uni-level macro textbook. Probably taking things a bit to far but I think it is worth it for that holistic understanding :)

Re: 2015 HSC Economics Marathon 1) Expansionary fiscal policy would promote growth by increasing aggregate demand, thus increasing the equilibrium level of income in the economy and the GDP 2) Looser monetary policy would encourage spending, increasing the MPC and thus the simple expenditure...

That's true, but since our economies are open, I guess you could assume restructuring, and plus we are looking at it overall for the average thing in the economy. You do make a good point though, and I do struggle to understand how it works, but even based on the ABS (this link), they can...

I thought equilibrium was automatically reached? The price will lower if they produce too much and demand isn't there Also with your example, importing has a neutral affect on AD (subtracted in X - M but added to consumption) and sure if they are producing but not selling that could be the case...

Helped heaps!!! Especially how I was thinking of the closed economy thing, man that's such a good insight. One small thing I disagree with; under equilibrium conditions GDP is the same as national income (Y). Basically another way of looking at GDP is the sum of all the income received for...

Thanks, that helps I think So I guess what we are saying is that GDP is not measured in terms of AD but in terms of the equilibrium, and the multiplier can mean that GDP is pushed across more on the horizontal axis them the total expenditure increase on the vertical (if you look up the...

I get his all, except for the fact that the multiplier influences the resulting change in national income through changes in AD. This implies that with a higher multiplier, national income can increase heaps while AD only does by the initial amount. I had thought that AD and national income...

Anyone?

Hey, Thought I had nailed economic growth but evidently not as well as I had wanted to. A few quick questions: 1. Economic growth is measured through changes in the level of GDP over time. GDP (or aggregate demand or national income) = C + I + G + (X - M), and then when we look at it...

Eco - great to see how the world works Bus - a bit dry at times but easy to smash IPT - I love it, learning all these cool things that will be extremely beneficial as part of the modern and technology based workplace The one thing I would say is that the enjoyment of a course is probably 40%...

It's the amount of work that matters, in saying that if you work at a normal make aim for around 70-100 hours total over the holidays if you want to be getting band 6's

I've got 8 on Discovery, check out this post of mine for how to get access :)

You managed to get it eventually :) hope you really enjoy the past papers, they should help heaps

I've got eight of them! Check out this post of mine which describes how to get access :caffeine:

Heyo, Share a discovery paper, assignment, halfyearly etc. and get access to the ones everyone else has shared. Can be with or without responses, it's the questions that really matter though. So you are keen to 'discover' some great resources then send an email to hscaosdiscovery@gmail.com...

Heyo, Apparently there was a discovery seminar today. Anyone know anything about it?