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I would suggest that you become familiar with future topics. Dont study topics you have already done in class, because trust me; you will know them back to front by the end of the year, and you will waste your time studying them in more detail now. Look at the syllabus; dont worry about the...

No point studying for it anyway. The wealth of nations is probably the most famous dissertation in economics.

It is not explicitly in the HSC syllabus. In other words an exam can never test comparative advantage directly, although sometimes exams are not written to the syllabus which can make it difficult to be certain. It is however quite an important concept in economics. It is essentially the...

I have an economics degree (completed with a distinction average) and I am currently studying economics at a postgraduate level. I also have three years experience teaching the HSC economics course and have presented at a number of HSC conferences. I have posted a lot of things in the economics...

Hi there everyone. I am just writing a note to say that I will be available to tutor economics this year. I have an economics degree (completed with a distinction average) and I am currently studying economics at a postgraduate level. I also have three years experience teaching the HSC...

consider the balance of payments as it would occur under a floating exchange rate enviornment. Of course it balances as you would have studied. Now place that same 'balance' under a situation where the central bank has to buy or sell reserves. When it buys local currency and sells foreign...

it all goes around in circles :)

I'd like to take some of your points and rework them a little if you don't mind. I think you can generally classify the effects with reference to the different types of inflation. I.e. Demand Pull - This can occur due to IBC fluctuations as you mentioned Cost Push - This can result...

Usually asking broad questions will get very few responses. Try to do some research yourself, and then ask a more specific question. Otherwise its a bit like asking 'whats the meaning of life'. To answer your question, the characteristic is income! High income countries have high...

Do you want to give a postgrad some mathematics tutoring ;)

Re: The Impacts of Decreasing Interest Rates, Decreasing Inflation, Less Consumer Con When looking at interest rates and inflation it is often useful to think about them in context to the real interest rate. If i = nominal interest rate and r = real interest rate and...

Usually when someone cannot enunciate economic ideas very well, it is because they do not understand them very well. So you really need to understand the idea inside out in order to explain it effectively. Unfortunately this means more reading, more studying, more effort. There is no silver...

Should be easy to find on any of the major int'l org websites - IMF, OECD etc It is unlikely however that a 2008 figure has been compiled yet, so you MAY (I could be wrong) have to look from 2007 back.

Well actually this might be what the central bank does, but implicit in this is the requirement for the central bank to buy and sell currency. In the same way as the RBA might say the cash rate is.... ; they still need to buy and purchas CGS in order to maintain that rate otherwise there would...

Youve muddled your section on excess labour. Excess labour implies a disequilibrium between the demand for labour and the supply of labour. This leads to unemployment and the opposite of pretty much everything you just said (i.e. lower inflation, lower build up of inventories, etc etc). The...

Re: Analyses REASONS for AUD movement (2004-09) and the effects on the Australian eco Well two things: Firstly you need to define a measure - I.e. aud / usd? or something else. In actual fact aud / usd is quite insufficient as it does not measure underlying trends. It is just as likely to be...

The first question is poorly written because it is simply a set of assumptions or conjectures about the Australian economy that simply cannot be proven. There is not a single option which I would deem to be correct. A) is probably the least flawed in the sense that more imports and lower import...

well by nature one implies the other remembering of course that it is the balance of payments. So if the cad and net foreign liabilities are stable but persistent, this is just simply accounting. For example if you spend more than you earn, you need to borrow. But in reality the relationship...

Re: Buy and Sell thread - Sem 1 and 2 Hi everyone Im looking for a copy of macroeconomics - blanchard and sheen for reference purposes. It doesn't matter what year, but i dont want to buy anything that has been highlighted. Let me know what price.

Unemployment is good for an economy because it tends to lead to lower inflation and lowers input costs for businesses.