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aditya

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just had my half yearli for eco 2dai.. failed it mad...

reason i failed... one of the long answer questionns

it was something like, "Explain how a CAD affects economic growth"

could some1 summaries the major points???

thnx
 

jay9nine

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this is all out of dixon pg94, i think itswat ur after and i hope it helps


*constarints on fute eco. growth- in the longer term the cad. acts as a speed limit on eco. growth. higher levels of eco. growth generally involve an increase in imports and a deterioration in the cad. economies with a cad problem are therefore forced to limit growth to the level at which the cad is sustainable, this is known as the bop....

.... because over a period of time, sustaining a high CAD has significant impacts on the aust. economy and on the conduct of eco. policy. economists differ over the extent to which we should be concerned over aust. cad and foreign liabilties, with some arguing that since the gov. is not contibuting to the cad and forign liabilties problems, any external imbalances are simply the result of normal market transactions in the global economy. some argue athat a cad and foreign debt can be benificial because borrowing from overseas can increase investment and dhelp the economy grow faster.

risks associated with high cad
*the growth of foriegn liabilties-lenders maybe reluctant to lend to aust. or invest here

*increase servicing costs- contibute to the debt trap, aust. borrows money to service debt then borrows more to service that debt ect.

*increased volatility for exchange rates- reduced demand for aust $ means depreciation in a$
 

santaslayer

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how could u fail if u didnt know what to do for the essay?.....isnt the essay only worth like 20 -25 marks only?.......
also, next time, just by defining the keyword of the question in the first part of ur essay will at least get u 1 mark.......
 

~dEjA vOuX~

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Yeah the essay shouldn't be worth that many marks...the short answer questions are generally worth a lot.

As long as you did well in the short answer and m/c section, I'm sure you'll have done fine.
 

aditya

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OMF>.. ROAR!!!

i didnt talk about supply and demand for AUD :'( :'(


SHIT SHIT SHIT SHIT SHIT!!!!



i think i might have misled u buy saying "failed"


failed in teh sense that i didnt get above 90.... cuz economics is my main subject, pretty much the only one im good at, so i have to count on it to get a good uai....

all my prid lies in it, without this... i got nothing :(

thnx for ur help....
 

aLeeOh!

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you didnt get over 90 and therefore you failed?
:rolleyes:
you cant be that bad at all your other subjects... and i mean bad as in failing because its UNDER50%! -not coz its 89 or something.
 

AGB

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but if you got 85 and that was highest by 5 marks would that stil be a fail??
 

jay9nine

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i cant believe economics is your fav subject, u wanna no wat failing is, try struggling to get a 50%

i dont get ecos and dont think i ever will.....oh well there's always tafe
 

Grey Council

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and then there is study. :)

You don't HAVE to use the dixon economics textbooks, you know. THe leading edge one is good enough to get you over the 50% mark easily.

anyway, I find that if you get one of the notes available on this site, you'll get over 50%.

but yeah, economics is a dry and very boring subject. I guess we have to make do. :(
 

santaslayer

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ehhh.....isnt the dixon one actually the leading edge book?....or am i misunderstanding ur post?
 

aditya

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but if you got 85 and that was highest by 5 marks would that stil be a fail??

NO WAY!!! id be extremely happy with that

are u mad... 1st is 1st

but if i get 85 il come about 5th or 6th

thats shit

really u guys think economics is boring?

wow
i love it to death
 

Sarah168

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i just got full marks for my second assessment task! woo hoo!

uhh i dont love economics to death but that probably has something to do with the fact that i wanna punch the living daylights out of my class and esp my teacher...
 

aditya

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yeh well my teacher doesnt give out 100% :| he has something against it.... just doesnt want to give out 100% to ANYONE no matter wat...

but i really like his teaching...
 

~dEjA vOuX~

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I think some teachers never give 100% because they feel there is always room for improvement.
 

jay9nine

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the notes on this site are really good, ive got them all ready, now i just have to study them...............maybe later
 

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