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sustainable economic growth is an objective. i.e stable (reduced fluctuations in economic activity), that does not increase CAD (tho thats more external balance), and is environmentally, and intergenerationally sound.

microeconomics aims to make markets more efficient. So anything that has done that cna be included. competition reform - ACCC, privatisation/corporatisation of govt monopolies, allowing Non-banking financial institutions to offer mortgages, allowing more telephone companies... taxation...

ooh u asked bout double entry too. Ok in a basic model: demand for dollar is: export income + interest payments received + investment inflows Supply for the dollar is: import spending + interest paid + investment outflows Since D = S X + int. (rec) + Inv (rec) = M + int (pd) + Inv...

Ok, I'm going to try and give it a go at explaining this, tho bear with me I haven't been taught it either and this is just what I've managed to glean, so it may be a bit off-track. What makes the balance of payments balance is the ability of the exchange rate to shift so as to balance the 2...

saves the day - i'd be careful using the term "crowding in". Strictly, this means that teh govt borrows heavily (drawing down funds available for private investment), but rather than causing private investment to decline, it provides an indication that expaansionary fiscal policy will boost AD...

In terms of income distribution i would add something like the availability of subsidised/govt housing, free healthcare, free education - because those also reduce income inequalities, since they aim to ensure that there isn't anyone who is without the basics necessities...and since being...

I think its a combination of what you guys have said. 1 - budget surplus means that they can add to the level of national savings and they also won't be borrowing, this means that there won't be pressures on the interest rates to rise (as may happen in the crowding out effect). 2 -...

1 - reduces investment and consumption so reduces AD (and therefore hopes to limit inflationary pressures) 2 - By increasing the interest rate differential between australia and the rest of the world, capital inflows increase, seeking higher rates of return ---> exchage rate appreciation 3...

bradical...have you seen the size of BOS paper? It's pretty easy to get 4-5 pages ;) Anyway, don't stress, you probably don't think you know anything, but you do - just stating pretty simple concepts such as supply and demand or some features of globalisation will get you somewhere to start...

It's regressive. Taxes are described with reference to income. So while the GST is a flat *rate* with regard to the price of goods and services, it represents a declining proportion of income.

It's a feature of what they call "double-entry bookkeeping". But to keep it simple, every transaction has 2 equal effects, being recorded on either side of the balance of payments. For instance if you borrow $1million, your debt increases by $1million, and your cash inflow increases by...

For the stats...the markers won't really know the numbers, just the general idea. If its a choice between writing somethng down, and not writing something down coz u can't remember the exact statistic - Make it up! ;) :p :D

Pretty good :D A few comments - make explicit introductions, that way u show the marker immediately that u do know something and deserve (lots of) marks ;) E.g explain what the global economy is. Explain what the balance of payments is and then launch into the CAD...otherwise the...

Mmmmh it depends what ur original mark was...i suspect if u got raw 91 it wont be scaled to 101 :rolleyes:, but something like 81 may move up a bit. I don't know, since i reckon my final mark would have been fairly close to my raw mark. Eco was my best subj at school and ended up being only my...

Exchange rates and something else - e.g globalisation/microeconomic policy (deregulation) or balance of payments...coz they're all rather interlinked. Be prepared to bring exchange rates in though on trade questions (with regards to export competitivity) and also the nature of investment...

The nature of the taxation system Differing levels of skills amongst workers (and hence different remunerations) The nature of the social security system Stability/relaibility of the financial system - wealthier people can afford to save funds overseas, while the middle class/lower classes...

I'll type you out something from my textbook: "the natural rate hypothesis states that in the long run the economy tends towards the natural rate of unemployment. This natural rate is largely independent of the level of aggregate demand stimulus provided by monetary or fiscal policy...

hehe thanx truly ;) mmhhhh I don't actually know what our paper is on :eek: I have commerce this week though and then law is on the 21st, so its really the furthest thought from my mind at the moment :p Damn you...1 exam! *sigh* I have 4...and barely any study. Why did showtime keep...

Yes he's very conscientious. It's not urgent neways, and i don't even know if its worth doing, i'm not very up on tech matters. But thanks for your support ;) :p :) hehe i should be studying tooooo. I've wasted my entire stuvac period :eek:

mmmmm ok genuine suggestion. I'm not too sure how "server space" etc works, but if the separate fora had their own address it could cut down on traffic in the particularly busy times when ppl have to go through the main page to get anywhere. Esp before/after exams when they have a particular...