Economics a long course? (2 Viewers)

[aero135]

been going over eco syllabus it is so big making me lose interest.

For our trials its up to trade policies which means its gonna be crazy, limited time... does anyone else think it is a big course?

Any tips for trials peeps?

 

[aero135]

I study consistently go over it at LEAST every day. Its just there are so many sources of questions mate.

So u disagree with me? Thats fine but is that because u have finished the course?

cheers

 

[aero135]

lol.... probably the first one yeh. Bro are you like running eco coming first and shit at your school?

Does anyone by any chance have any of the CSSA trials for eco?

 

[DannyT]

yeh 06-08 brah

 

[aero135]

kool

 

[moll.]

I'd say the course is about this long:

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(not to scale)

 

[Zak Ambrose]

I'd say the course is about this long:

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(not to scale)

rep + 1


my teacher has all the past CSSA papers. they're basically the same as the HSC paper but something the extended response questions can be a bit more convoluted.

 

[DannyT]

i reckon the ext responses are fine it's the stupid MCQ's that screw you over. so much ambiguity i get one answer but teacher disagrees so i change mine then she checks the answers and i was correct in the first place. much debate over them.

 

[blaze.bluetane]

yeh 06-08 brah

Could you post them up?
Do you have solns?

i reckon the ext responses are fine it's the stupid MCQ's that screw you over. so much ambiguity i get one answer but teacher disagrees so i change mine then she checks the answers and i was correct in the first place. much debate over them.

I would say that the mcq exploit the intricacies of the course content. Sometimes there are two correct answers and you have to evaluate which one is more adequate..aggravating

 

[Zak Ambrose]

Could you post them up?
Do you have solns?





I would say that the mcq exploit the intricacies of the course content. Sometimes there are two correct answers and you have to evaluate which one is more adequate..aggravating

yes yes yes! in some of those MCQs you could easily justify two answers. would be a fluke to get 20/20.

 

[DannyT]

teacher gave the papers and i don't have a scanner so can't help sorry.
yeh sitting cssa eco trial on monday...mcq's are gonna keep me busy...

 

[aero135]

Zak Ambrose can u scan us the papers since Danny dont got a scanner

cheersss

 

[aero135]

Hey does anyone know the answer to this question?

Explain the link between Current account nad Capital accoutn under a floating exchange rate.

what does the floating exhange rate exactly do to them

 

[Zak Ambrose]

Zak Ambrose can u scan us the papers since Danny dont got a scanner

cheersss

i dont have a scanner either! but ill borrow them off my teacher and attemp to photograph them if you like?

 

[DannyT]

lol that was from yesterday's paper
under a floating exchange rate system, demand for $A = supply of $A
the capital/financial account surplus and the current account deficit add up to zero under this system. Eg financial inflow in the form of borrowings from overseas are transmuted as a credit in the financial account but the servicing costs associated with this is also transmuted as a debit in the net Y account of the CAD. So any change in the size of the cap/fin account is directly related to a change in the size of the CAD.
Supply of $ A= M+Ydebits+Koutflow
Demand for $A= X+ycredits+Kinflow
rearranging this equation we get:
M-X+Ydebits-Ycredits = Kinflow-Koutflow
that is, CAD=surplus on cap/fin account.