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June 19, 2019, 07:21:16 pm

Author Topic: HSC Economics Question Thread  (Read 60631 times)  Share 

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emilyygeorgexx

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Re: HSC Economics Question Thread
« Reply #675 on: May 15, 2019, 10:26:37 pm »
+1
When writing essays, in some topics, is it still necessary to use trends from the GFC to compare to recent trends even though it was almost 10 years ago?

Hey!

Sorry for this late reply. Yes, it is soo necessary to use trends from the GFC to compare to the trends today or even within the last 5 years. The GFC was probably one of the most catastrophic events that occurred within the global economy so it is always useful to see how it impact not only Australia's economy but the global economy as well as some of the policies that different countries may have adopted to move them out of the recession.

Hope this helps :)
HSC 2018 - (ATAR: 99.10)
English Advanced (90) | General Mathematics 2 (95) | Business Studies (98 - 6th in NSW) | Legal Studies (94) | Economics (93) | Studies of Religion 1 (48)

2019: B Commerce/B Laws @ UNSW

emilyygeorgexx

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Re: HSC Economics Question Thread
« Reply #676 on: May 15, 2019, 10:29:28 pm »
+1
I also have another question: if fiscal policy is contractionary, should monetary policy then be expansionary or contractionary to work well together?

I'm just really confused as to whether fiscal policy stance and monetary policy stance should be opposite to each other or the same, so as to achieve the government's economic objectives?

Thanks!

Hey Emily!

I think this would be very dependent on the data given in the question. This type of question usually comes up in multiple choice as a table form sort of question. So I would know what expansionary and concretionary monetary and fiscal policy are as well as the effects they have on the different economic objectives. This would then help you answer the question. :)
HSC 2018 - (ATAR: 99.10)
English Advanced (90) | General Mathematics 2 (95) | Business Studies (98 - 6th in NSW) | Legal Studies (94) | Economics (93) | Studies of Religion 1 (48)

2019: B Commerce/B Laws @ UNSW

Carolineee

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Re: HSC Economics Question Thread
« Reply #677 on: May 22, 2019, 11:26:53 pm »
0
Hey Guys!
I have a new eco assignment on economic issues and I'm choosing to do economic growth. However, I am having trouble with the introduction and in the structure of my essay.
An outline of the key features of the economic issue
   What is the issue?
   How is it measured?
A description of the causes/types of economic issue (why does the issue exist? Are there different types of economic issue?)
An explanation of the current trends of the economic issue in Australia
    What are the current statistics on the economic issue?
What has been happening with the issue over the last five years?
You should include a graph to support this information
A description of the costs and benefits of the economic issue
   positive/negative social and
   positive/negative economic effects
A proposal for an economic policy that can effectively manage the current trends of the economic policy, including how to implement the policy and what the desired effect would be on the economy

ANDD

I'm so stuck on Balance of Payments, I went through my notes and I have no idea what they are.
Thanks in advance,

violet123

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Re: HSC Economics Question Thread
« Reply #678 on: May 26, 2019, 08:06:41 pm »
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Hi,

For the dot point on external stability
positive and negative causes and effects

I find that point really vague. I am not exactly sure what the causes and effects is talking about. Is it causes of external stability and effects on external stability. If I were to answer a question, let's use CAD for example, do I say CAD has caused external stability and CAD's effect for external stability?

Can someone clarify what I write for cause and what I write for effects.

Thanksss


violet123

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Re: HSC Economics Question Thread
« Reply #679 on: May 30, 2019, 09:29:09 pm »
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What are some contemporary economic issues that Australians are facing?

gemma.hinton

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Re: HSC Economics Question Thread
« Reply #680 on: June 08, 2019, 08:02:10 pm »
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Hii I was wondering if someone could help me with some arguments for and against our current industrial relations system 

Thanks so much!