Fisher Effect (1 Viewer)
- Thread starter Minai
- Start date
Argh it's to do with damn MP ... are we meant to be able to understand it for our HSC?
"The fisher effect is in a model where inflation is expected to be steady, the nominal interest rate changes one-for-one with the inflation rate" .... Don't tell me I have something more to learn...
Is that claiming that the RBA changes nominal interest rates as a direct response to inflation increases?
Edit: Um ... where's the original post by Jackson18? I just realised it was actually in the thread ... ?
"The fisher effect is in a model where inflation is expected to be steady, the nominal interest rate changes one-for-one with the inflation rate" .... Don't tell me I have something more to learn...
Is that claiming that the RBA changes nominal interest rates as a direct response to inflation increases?
Edit: Um ... where's the original post by Jackson18? I just realised it was actually in the thread ... ?
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B
Bambul
Guest
I learn't about the Fisher effect 2-3 weeks ago. But then again, I'm in second year university, not year 12. You don't need to know it.
saves.the.day
Member
Edit: post no longer sounds scary 
Fisher effect is not in the syllabus.. it is therefore not required to be known. The rubric states "apply economic terms, concepts, relationships and theory" so knowing things like that may help but not knowing will not be detrimental in affecting your ability to get a band 6.
Fisher effect is not in the syllabus.. it is therefore not required to be known. The rubric states "apply economic terms, concepts, relationships and theory" so knowing things like that may help but not knowing will not be detrimental in affecting your ability to get a band 6.
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timmii
sporadic attendee
- Joined
- Nov 9, 2002
- Messages
- 928
saves: don't scare people. Keynesian analysis maybe, but i've never heard of those other things's u've mentioned. U can do fine without them. Its the analysis and ur understanding of the economic relationships that is most important.
When it says apply economic concepts and theories, they're referring to those *in* the syllabus. I mean otherwise, why stop there? Make people start applying game theory and a-beautiful-mind-esque stuff?
Saves, its good you know that stuff, and if you understand it and can apply it well, then all power to u - but don't scare everyone else unnecessarily.
When it says apply economic concepts and theories, they're referring to those *in* the syllabus. I mean otherwise, why stop there? Make people start applying game theory and a-beautiful-mind-esque stuff?
Saves, its good you know that stuff, and if you understand it and can apply it well, then all power to u - but don't scare everyone else unnecessarily.
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saves.the.day
Member
Sorry. It wasn't my intention to scare anybody. Yeh just to clarify, you are correct, as those points like rostovs aren't in the syllabus and you will still be able to get band 6 without them. Just stick to the syllabus. Sorry if I scared people.. I serisouly didn't mean to do that. I'll go edit my post now.
