CSSA Economics 2012 (1 Viewer)

[Webbmiester]

hey guys,question about the market failure policy worth 4 marks.
.......it just said 'environmental resources'

i just said implement a tax and trading schemes on emmisions to reduce pollution???
but does pollution refer to environmental resources???

 

[will_]

hey guys,question about the market failure policy worth 4 marks.
.......it just said 'environmental resources'

i just said implement a tax and trading schemes on emmisions to reduce pollution???
but does pollution refer to environmental resources???

yes it does. if you only said implement a tax and trading scheme, i think that only counts as one measure. so you would 2 marks at most. unless that was only part of your answer

 

[will_]

When arguing its effectiveness i said it was limited because of:

Time lags, inability to control individual sectors, pre-emptive tool and therefore they must try to accurately 'guess' what will happen e.g basically no one can predict europe so it is ineffective and limited in that sense.

Can someone confirm this is correct?

(obviously i talked about how it is a good macroeconomic tool aswell)

what does pre-emptiveness mean as ive never heard of that term.

also isnt the time lag really minimal. it takes only 1 month to change and is implemented pretty quickly i think

 

[Anonym0us]

When arguing its effectiveness i said it was limited because of:

Time lags, inability to control individual sectors, pre-emptive tool and therefore they must try to accurately 'guess' what will happen e.g basically no one can predict europe so it is ineffective and limited in that sense.

Can someone confirm this is correct?

(obviously i talked about how it is a good macroeconomic tool aswell)

I talked about the time lag too, but also wrote about the monetary policy's influence on the exchange rate, aggregate demand, domestic eco growth, inflation and our CAD... I thinK i went well off topic....

 

[Webbmiester]

nah
i gave the two policies and expanded on why they would help with reducing pollution etc etc because it was an 'explain' question i think..

so is that ok , if i explained well???
lol

what was your response for the 5 marker as well about the trends and stuff of int business cycle..
i talked about domestic interest rates, how economic downturns affect other countries, tncs's etc?

 

[will_]

nah
i gave the two policies and expanded on why they would help with reducing pollution etc etc because it was an 'explain' question i think..

so is that ok , if i explained well???
lol

what was your response for the 5 marker as well about the trends and stuff of int business cycle..
i talked about domestic interest rates, how economic downturns affect other countries, tncs's etc?

that question was a stinker, i had no clue for that one. i seriously b/s'd my way through that one.

i talked about interest rates and the synchronisation of the world economies

 

[will_]

I talked about the time lag too, but also wrote about the monetary policy's influence on the exchange rate, aggregate demand, domestic eco growth, inflation and our CAD... I thinK i went well off topic....

i went along those lines too, but from the people i have asked, it seems as though we are kinda on the minority (atleast i think so).

 

[irenefu]

Thank you I'm freaking out a little haha.
When is your exam?

Haha dw, totally normal for hsc

My exams on Friday.. haha and got legal tomorrow, so have to do some massive cramming.

 

[jeffwu95]

nah
i gave the two policies and expanded on why they would help with reducing pollution etc etc because it was an 'explain' question i think..

so is that ok , if i explained well???
lol

what was your response for the 5 marker as well about the trends and stuff of int business cycle..
i talked about domestic interest rates, how economic downturns affect other countries, tncs's etc?

I wrote about globalisation, international organisations, australias government and other stuff which i forgot

 

[will_]

I wrote about globalisation, international organisations, australias government and other stuff which i forgot

looks like different answers all round. id assume theyd be kinda lenient on that question, since i think the answers can vary

 

[jeffwu95]

essays were like all regurgitating stats

 

[will_]

wat graphs could you include for a balance of payment essay?

 

[loapowm]

wat graphs could you include for a balance of payment essay?

Alot

 

[jeffwu95]

Alot

 

[mraznboy]

何？？？？

 

[OzKo]

that question was a stinker, i had no clue for that one. i seriously b/s'd my way through that one.

i talked about interest rates and the synchronisation of the world economies

Pricing of emissions and imposition of property rights would have suffice.

 

[will_]

which graphs for balance of payments, because i had no clue what to use.

 

[deswa1]

which graphs for balance of payments, because i had no clue what to use.

J curve would be nice for impact of appreciation on BOGS etc.

 

[inJust]

Awwww shie, our top 4 (including me) all got 20/20 for MC.

 

[deswa1]

Awwww shie, our top 4 (including me) all got 20/20 for MC.

Congrats