Eco predictions/thoughts (29 Viewers)

[KloppsAndRobbers]

For topic 1 what essay yall think it’s gonna be? Protection or int orgs (globalisation case study was last yr so maybe not)

Int Orgs + Free Trade like the 2021 Baulko Essay Q

 

[ahihimeowmeow]

Int Orgs + Free Trade like the 2021 Baulko Essay Q

But didnt they alrd asked that in 2021 hsc?

 

[KloppsAndRobbers]

But didnt they alrd asked that in 2021 hsc?

Nah that was Free Trade and protection

 

[K2Trappy]

About the current account, we were in a surplus not long ago but now we’re in a deficit, I couldnt find enough articles on why it’s now a deficit. Or should I just use some of the old stats for the CAD before this year’s CAS OR IF U GUYS COULD FINF ANY PLS SEND

decline in export revenue due to lower global economic growth during covid, which was offset decline in general income levels globally

financing of expansionary budgetary position by the government --> mass foreign debt sourcing to fund our large amount of fiscal stimulus provision during covid --> offset NPY debits

 

[livjdoqfhwofocih]

How would you guys structure a question like this with 2 objectives, like would you have 1 para per objective, or have paragraphs based on events?
Analyse Australia’s macroeconomic policy mix to achieve price stability and distribution of income

Also is everyone doing a trend paragraph because my teacher told me not to but I've seen essay plans have them?

 

[K2Trappy]

How would you guys structure a question like this with 2 objectives, like would you have 1 para per objective, or have paragraphs based on events?
Analyse Australia’s macroeconomic policy mix to achieve price stability and distribution of income

Also is everyone doing a trend paragraph because my teacher told me not to but I've seen essay plans have them?

theory is so much more important than events and trends, u can have absolutely 0 events and all theory and still manage to get a 15-16 never the other way around, paragraphs on events wont be useful
IMO I would go
1. fiscal on increasing income equality
2. fiscal on worsening price stability
3. monetary on maintaining price stability
ur events and stats are meant to back ur theoretical claims not answer ur question ykwim

 

[livjdoqfhwofocih]

theory is so much more important than events and trends, u can have absolutely 0 events and theory and still manage to get a 15-16 never the other way around, paragraphs on events wont be useful
IMO I would go
1. fiscal on increasing income equality
2. fiscal on worsening price stability
3. monetary on maintaining price stability
ur events and stats are meant to back ur theoretical claims not answer ur question ykwim

ok that makes sense that what I thought but my teacher is rlly bad and told me to do based off events....

anyways thanks

 

[idk123233]

eco and bio people

 

[odpay]

Hoping everyone here does well on Friday, remember to drink lots of water!

 

[peepeepoopooo]

How would you guys structure a question like this with 2 objectives, like would you have 1 para per objective, or have paragraphs based on events?
Analyse Australia’s macroeconomic policy mix to achieve price stability and distribution of income

You could possibly also do an essay where you discuss monetary policy in one paragraph, fiscal in another and then finally the conflict between the two.

 

[onetwothreefour]

are u guys gonna draw a specific number of graphs?

 

[peepeepoopooo]

are u guys gonna draw a specific number of graphs?

It depends on the question. If you can think of a graph, draw one, but there's no point in it if it doesn't relate to your essay. Like drawing a graph about the current account would be very difficult (maybe the J curve effect) so I wouldn't stress about it. However an essay on inflation, you could draw a aggregate supply and demand graphs, a long-run Phillips curve and maybe something about improving productivity and its effect on supply.

Ultimately drawing a graph is only to support your response if it doesn't do that then don't worry.

 

[onetwothreefour]

It depends on the question. If you can think of a graph, draw one, but there's no point in it if it doesn't relate to your essay. Like drawing a graph about the current account would be very difficult (maybe the J curve effect) so I wouldn't stress about it. However an essay on inflation, you could draw a aggregate supply and demand graphs, a long-run Phillips curve and maybe something about improving productivity and its effect on supply.

Ultimately drawing a graph is only to support your response if it doesn't do that then don't worry.

should I memorise some basic stats for aus and china? if yes, what stats specifically?

 

[onetwothreefour]

yo does anybody have all topics summarised notes in around 50 pages?

my personal ones r too long and everything online is like 100 pages.

 

[riirii]

why did i pick eco aaaa

 

[tvskAXatar]

Can someone explain why the answer is D, not A?

 

[realspiderman]

Can someone explain why the answer is D, not A?View attachment 45554

use the CPI formula ((current year - prior year) ÷ prior year) and multiply by the weighting, you should get food = 3%, health = 3%, housing = 3.75% and clothing = 4% so the answer is D

 

[tvskAXatar]

And this question as well, is this for USA people wanting AUD or Australian people wanting USD? The solution says supply curve shifts to the left?? How do I interpret this question?

 

[K2Trappy]

And this question as well, is this for USA people wanting AUD or Australian people wanting USD? The solution says supply curve shifts to the left?? How do I interpret this question?

View attachment 45555

firstly its gonna be to do with AUD, look at the x-axis with quantity of AUD, now since it reduced demand for foreign assets by aus investors, this leads to a lower supply of AUD on forex markets, because these investors are now less inclined to sell aud in exchange for foreign currency to purchase these assets, thus the supply curve shifts to the left

 

[chardzard]

So what are the current predictions for the essays?