General Thoughts: Economics (1 Viewer)

[Beterban]

Most of the people I know did inflation + the case study.

same with my school

but i used the other combo

 

[Ncm]

yeah
who told you its wrong
wat logic did you use
wat logic are they using
can u explain

if the Y T rate is reduced for the richest earners, then the richest earners keep a higher proportion of their Y

 

[jer3m]

Most of the people I know did inflation + the case study.

That's extremely surprising. My teacher specifically said to never do the case study because it is extremely hard to get above a 16.
Out of all the kids in my cohort doing eco, no one picked the case study. Everyone did enviro+inflation/inequality

 

[jer3m]

I'd say to get a mark of 16 should write at least 3 pages. 5 decent pages answering the question is more than enough for a potential band 6 response.
The people that do 8-10 pages either have big writing or write useless crap to "show off" their knowledge. My teacher said every paragraph should answer the question and information which does not directly answer the question is irrelevant and is not taken into consideration when giving marks. My teacher marks hsc eco btw

 

[GOsie]

Most of the people I know did inflation + the case study.

I reckon it depends on the school and/or the teacher of the class. My teacher encouraged us to work really hard on our case studies, so most of my class did the case study essay. Also in my class, 90% or more chose inflation instead of fiscal/labour market

 

[Ncm]

I didn't think it was too hard I thought it was in the syllabus to learn them. Just to clarify, export incentives are pretty much incentives given to exporters in order to make them increase supply and local content rules refer to producers having to use a certain amount of local produce to produce their product

i can't remember if the syllabus specifies them but they're definitely in most textbooks

 

[BiasedBuffalo]

I reckon it depends on the school and/or the teacher of the class. My teacher encouraged us to work really hard on our case studies, so most of my class did the case study essay. Also in my class, 90% or more chose inflation instead of fiscal/labour market

Inflation was definitely an "easier" essay than the inequality one.

I feel for the people who didn't study either the case study or environment... two things that could easily be overlooked.

 

[sw]

yeah
who told you its wrong
wat logic did you use
wat logic are they using
can u explain

the mc answers someone posted said it was wrong.
i chose B because decrease in business profits will flow on to those on the lowest income first.
i see the reasoning behind A though as an increase in business profits will go to the owner and the high earners, widening the gap.

 

[Constantine]

i can't remember if the syllabus specifies them but they're definitely in most textbooks

They're included under protection as the new emerging popular methods

 

[Beterban]

the mc answers someone posted said it was wrong.
i chose B because decrease in business profits will flow on to those on the lowest income first.
i see the reasoning behind A though as an increase in business profits will go to the owner and the high earners, widening the gap.

k

agreed

we were thinking too far

 

[jer3m]

Inflation was definitely an "easier" essay than the inequality one.

I feel for the people who didn't study either the case study or environment... two things that could easily be overlooked.

I guess it depends on what you studied.. If i had to do the inflation question i would of done max.2 pages
Inequality for me is A LOT easier... progressive tax system, recirculating income, minimum wage, fair work act 2009, retraining programs, lowering unemployment as well as inequality by doing the same policy, unemployment benefits, new budget with the 2% increase for 180k or over, etc, etc.

 

[BiasedBuffalo]

the mc answers someone posted said it was wrong.
i chose B because decrease in business profits will flow on to those on the lowest income first.
i see the reasoning behind A though as an increase in business profits will go to the owner and the high earners, widening the gap.

This is what I said as well, but it all comes down to which is the "best" answer. In hindsight, A is probably the better answer.

I guess it depends on what you studied.. If i had to do the inflation question i would of done max.2 pages
Inequality for me is A LOT easier... progressive tax system, recirculating income, minimum wage, fair work act 2009, retraining programs, lowering unemployment as well as inequality by doing the same policy, unemployment benefits, new budget with the 2% increase for 180k or over, etc, etc.

Sounds like we wrote the same essay

 

[sw]

Not really many graphs you could draw anyway... But 5-6 pages is good. You can get a 20/20 with 4 pages of normal writing. Thats a fact. I don't see why you can get a 18 or so

ok thankyou, i was stressing so much, people kept asking for extra sheets and i struggled to fill the booklet and im ranked first!!

 

[photastic]

ok thankyou, i was stressing so much, people kept asking for extra sheets and i struggled to fill the booklet and im ranked first!!

Nek minute, they never used them, 1000-1200 words is enough to get high marks so relax.

 

[sw]

Nek minute, they never used them, 1000-1200 words is enough to get high marks so relax.

Per essay???
or both together

 

[photastic]

Per essay???
or both together

Per essay

 

[jer3m]

I have some what small or normal writing and I do about 250 words per page I believe. So my first essay was 5 pages =1200 words and my second was 3 and a bit = 800

 

[trungduong12]

I thought that was a pretty good exam. I made a few stupid mistakes in the multi choice (18/20) but otherwise it was fine.

I ended up doing the labour/fiscal essay + environment. I suspect that's not a popular combo

What did u write for environment?


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[trungduong12]

Inflation was definitely an "easier" essay than the inequality one.

I feel for the people who didn't study either the case study or environment... two things that could easily be overlooked.

GG
I didnt EXPECT a case study :/

And environmental sustainability is my worst

I studied External stability and its not tested !!

So shiet!!


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[jer3m]

What did u write for environment?


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Ik you asked him but Ill just summarise what I think, you'd put carbon tax, market failure, solar panel rebates, subsidies on producers that use renewable resources, could maybe mention something global such as kyoto protocol since aus is involved, some people in my cohort also mentioned how important it is when gov use advertising (TV) to widen the scope to individuals such as those turn off the light ads. As to what you'd mention specifically something like the Lead Fuel Ban 1997, hybrid car subsidies, the solar panels like I mentioned. Could also mention financial incentives/disincentive although I didn't bother.