Section III- Exchange Rate Question? Didn't answer the question? (1 Viewer)

[NWO]

I chose Q25.
"Explain how movements in the Australian dollar can affect the performance of the Australian economy."

This is what i did.
Trend of Australian dollar: One full page using the stiumulus
Causes of movements: Interest rates differential, inflation rates, TOT
supply and demand curve- one for appreciation- one for depreciation

Impacts: (not so much on it i think, but enuf)
Apprecation: high aud, higher export prices, less competitive etc
depreciation: abit on this not much

Overall 7 pages..
So, did i even answer the question??? I looked at the 2011 answers where it said "discuss the impact of changes" it said to include: inflation rates, twi, but not interest rates.. so..??

 

[NWO]

Can anyone who did this question reply lol im so worried now. But ive consistentity mentioned the impacts through my essay

 

[leesh95]

I chose Q25.
"Explain how movements in the Australian dollar can affect the performance of the Australian economy."

This is what i did.
Trend of Australian dollar: One full page using the stiumulus
Causes of movements: Interest rates differential, inflation rates, TOT
supply and demand curve- one for appreciation- one for depreciation

Impacts: (not so much on it i think, but enuf)
Apprecation: high aud, higher export prices, less competitive etc
depreciation: abit on this not much

Overall 7 pages..
So, did i even answer the question??? I looked at the 2011 answers where it said "discuss the impact of changes" it said to include: inflation rates, twi, but not interest rates.. so..??

As long as you did something on effects. That's why I didn't do this question because it was too specific and felt there wasn't enough to write on. Maybe a 13/20?

 

[NWO]

i wrote something how they were all linked... i shouldnt have done this question. fml

 

[EpicHero]

My teacher said that they won't take away marks for stuff that doesn't answer the question, but if you've talked in detail about the impacts then you should be fine.

 

[lolwot]

Yes you answered it correctly - at least that is how i answered it. Identifying the "movements" and their sources, and the effect of these movements on the Australian economy with evidence/explanation thus creating a cohesive arguement. You can't start purely with the effects, you need background on the mechanisms. Thats my 2c

If there is a big discrepancy they will probably just scale the option accordingly. What did people think was the easier option?

 

[sugartits]

You've only half answered the question, talking about what causes a movement in the dollar was a waste of time, sorry to say. Hopefully the bits that did answer the question were really well answered

 

[Randox]

You've only half answered the question, talking about what causes a movement in the dollar was a waste of time, sorry to say. Hopefully the bits that did answer the question were really well answered

So what you are just going to day: "In 2000 the dollar appreciated from $Us0.50 to $$Us0.97 pre GFC" Without any reason why?? Of course factors are not as important in this question but you still talk about it imo.

 

[thefiftethgate]

I went through the household sector, Firms sector and economic objectives of internal stability and external stability