General Thoughts: Economics (2 Viewers)

[jer3m]

Stimulus was easy to link :O
First part you just mention it talks about whether to fiscal spend to reduce inequality or higher min wage
2nd part is basically the positive effects of a progressive tax system
What about mc 19/20? I found them challenging bad c, a
Thoughts?

 

[NotCricket]

Okay I am having a go at MC, will post my answers in http://community.boredofstudies.org/1121/economics/329783/ask-mreditor16.html

However, disclaimer in advance - I haven't touched my textbook in 12 months. so it is highly likely - I might get an answer wrong. so please raise any issues with me, and I'd love to discuss.

I posted mine in a new thread, would love for you to double check them mate.

 

[yma]

I'm anticipating way more people would have gone for Q26 compared to Q25.

As for Q27 vs Q28, that combo could have annoyed a lot of people, because many would have put little effort into their case study country (I only put in enough effort to do well on a short answer Q about it). And for the environment question, it is quite hard to talk about imo, especially since politics has been screwing it over in terms of talking about in HSC economics essay, and people could talk about carbon tax and move to ETS (which has been repealed :/) or could talk about Direct Action Coalition policy. And with all the chaos surrounding it, some may have fallen into the trap of becoming a bit too political. I think a range of things would have to be talked about in that Q28, like environmental targets, regulations, agreements etc. etc.

Furthermore, trying to structure a response to Q27 could get difficult...

imo Q27/28 looks harder than 25/26, but also depends on the stimuli...

For the last question, can I also talk about government subsidies?


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[mreditor16]

For the last question, can I also talk about government subsidies?


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most certainly

 

[yma]

most certainly

Well, I forgot to write about it in the exam...[emoji44]


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[Chocolatebubble]

Got my period in the middle of my exam...

they said economics was unpredictable but i felt like crying. well now that tmi is over.

gg multiple choice gg enviornment essay

 

[enigma_1]

Stimulus was easy to link :O
First part you just mention it talks about whether to fiscal spend to reduce inequality or higher min wage
2nd part is basically the positive effects of a progressive tax system
What about mc 19/20? I found them challenging bad c, a
Thoughts?

Yeah same, 19 and 20 I ended up guessing :/

Essays were nice though

 

[photastic]

As always, multiple choice is always the hardest section, and screw you local content rules, never seen you before in a hsc exam.

 

[enigma_1]

As always, multiple choice is always the hardest section, and screw you local content rules, never seen you before in a hsc exam.

Hahah I know right the first short answer threw me off straight away :/

 

[photastic]

Hahah I know right the first short answer threw me off straight away :/

But after that it was straight forward so thank god.

 

[Ncm]

19 and 20 had stupid wording, but after reading it was simple.

 

[Chocolatebubble]

19 and 20 had stupid wording, but after reading it was simple.

I misread the graph and question i thought world price was at 15

 

[Ncm]

Hahah I know right the first short answer threw me off straight away :/

i thought the first one couldn't get any easier haha

 

[wil_o96]

anyone get $400million?

 

[Beterban]

there werent any calculations in short answer ai?

 

[photastic]

i thought the first one couldn't get any easier haha

Could've asked the differences between a tariff and quota or subsidy.

anyone get $400million?

Apparently it's $200 million but I couldn't understand the question cos the wording was very bad.

 

[Smooth Operator]

Not a bad exam, seems like a made a couple of mistakes in Multiple choice but probably still 17-18/20 hopefully.

Short answers were much like business this year, it seemed like there was a lot of larger mark questions..

Q.25. Very niceeee.

Q.27. Very niceeee.

 

[Ncm]

I misread the graph and question i thought world price was at 15

i thought that as well, but after reading the second question it only made logic if you add the tariff and world price together

 

[Beterban]

what topics were the short answer on?

 

[photastic]

what topics were the short answer on?

Protection
Unemployment
BOP
Microeconomic reform
Limitations of macroeconomic policies