External Balance (1 Viewer)

[DannyT23]

Hey guys,
thankgod trials are over hehehe.. but i got another assesment and some pointers would b good. its an inclass essay and ive gotta learn it. the question is

DISTINGUISH BETWEEN MICRO AND MACRO ECOMOMIC POLICY. ANALYSE HOW EACH MAY BE USED TO ACHIEVE EXTERNAL BALANCE FOR THE AUST. ECONOMY..

please be specific with what external balance is..

THANKS GUYS~

 

[sideshowtim]

That question is pretty easy....Most of it would be in your textbook.

 

[wdoueihi]

True that...
you dont deserve to be helped if you want some random to do your assignment for you. cmon gwt off your lazy backside and do your own work. try and research first. ill give u small tips coz i feel sorry for you.
define macroeconomic policy and microeconomic policy. you gotta find a really good definition for both. Then find out the objectives of these policies and how theses policies are used to satisfy these objectives. end your essay with a good solid conclusion about how the government must maintan a balance between these policies in order to satisfy the objectives.

......cmon dude

 

[moo_moo_molly]

I can understand where this poor sod is coming from... I am not completly sure what external balance is either....

 

[P_Dilemma]

-Balance of Payments
-Current Account Deficit
-Capital Account Surplus

could aslo talk about:

-Exchange Rates
-Terms of Trade
-Trade Weighted Index

-P_D

 

[Always]

What's the difference between external balance and external stability? Or are they the same thing?