WTbattleace
Member
Hey, economics was alright todaykeep me updated for your eco prelim!!
i have mine on the 23rd
Multiple choice was a bit iffy, with some hard questions on PPF's and economies of scale
Short answer was okay, mainly on markets and government intervention
The essay (25 marker) was pretty easy: 'Analyse how the Australian government's recent implementation of monetary and fiscal policy reflected fluctuations in the business cycle.'
We were given an inflation graph from the RBA and a statement from the Treasury
Hope yours goes well!