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Re: Having trouble with Fair Work Australia and relating it back to the syllabus for Dont worry about it. you dont need to. Just broadly know the evolution of industrial relations reform starting from awards, to enterprise bargaining, to AWA's with perhaps an acknowledgement that AWA's do...

It would be rather concerning if you felt that you knew everything there was to know about economics.

Im not sure what you want. If you understand it, what do you want from us?

Sure, I take your point and your logic is not flawed, however there is a difference between demand pull inflation and monetary inflation in the way the process works. Economics regard money as a numeraire used to compare the relative value of goods. It is a unit of exchange that has no...

Maybe have a go yourself first

Well, how does the reserve bank increase the supply of money in the overnight cash market? It purchases CGS!

I will acknowledge first up that I am writing to encourage you to do economics. So I will not make any attempt to claim to be unbiased etc etc, but I will give you the facts as they are. Economics is many things to many people. A brief encounter with the literature (or even your textbook)...

No, don't define every word. You can take some things for granted. You can assume that whoever is reading your essay knows what infrastructure is for example. I would argue that definitions for economic growth are only borderline necessary. I think at the end of the day the level of...

Don't look too much into how your school has done, and where you are placed etc etc. Do your best, and spend the time that you would otherwise dedicate to pointless worrying studying instead of finding out useless facts such as where your school was positioned last year :)

Don't worry too much about these kinds of questions. I can categorically say that HSC questions will not be confusing (although they may be difficult, if you know your theory you are assured to get the right answer)

Ross Gittens isn't the hero your teachers make him out to be. Read widely is my advice.

I think you should really try and do some more of this yourself before asking the question. Most of this information is freely available by going to the budget website (budget.gov.au) or by looking at the economic update on the budget released by Leading Edge (which is usually free and...

In response to your question, the government has done what it always does when financing a deficit. It has issued government securities. Now these are available to both foreign and domestic borrowers, so although they are sold on Australian markets, the funds come from both domestic and foreign...

Quite an impressive answer, well done. The only thing I would add is that the inflation caused by 'printing money' is due to an increase in the money supply itself, and not demand. As such economists usually refer to this as monetary inflation as opposed to demand pull inflation (as the...

I think that people here are forgetting that in the old C+I+G+X-M breakdown of AD, G is a separate component within itself. G does not fit into C or I, it is its own component G. Perhaps the reason for this is to avoid such classification issues. In anycase it doesn't really matter because...

Don't worry too much about the individual components. If you are just curious, there can be a number of reasons. for example the northern hemisphere summer tends to be peak season so something as simple as that might account for increased prices.

The best place to find any statistic is the RBA website. They collate relevant economics data from all the major data collecting institutions (this includes the ABS as well as private sector data). They are also a lot easier to find.

think about how lower export prices might affect us. The frustrating aspect of this question is that it is indeterminate. Remember back to elasticity? well essentially lower export prices may indeed increase our export revenues. Nonetheless there is a result that usually occurs when this...

A few things. fiscal policy is not used to influence inflation. It never has been. even last year with the whole 'inflation genie' inflation was seen as merely a constraint on spending rather than a policy goal (despite what the government was suggesting). In general fiscal policy is usually...

People are unlikely to provide you with anything meaningful when you ask something so broad. Perhaps you will be more successful if you ask something more specific.