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past essay questions (1 Viewer)

dr3amy

Member
Joined
Jun 26, 2004
Messages
82
heres some essay questions from past papers to help you guys prepare, you can sort of see a pattern on the commonly asked areas

Essay questions

- Explain the costs & benefits of free trade & globalisation for the Aus economy
- analyse the consequences of a high level of foreign debt on the Aus economy
- Evaluate the reasons for international protectionists policies & discuss their impact on the Aus economy
- analyse how movements in $A influence the level of economic activity in the Aus economy
- CSSA 2002 stimulus:
*analyse the impact of globalisation on economic growth, quality of life & external stability
*Analyse the impact of recent changes in the value of the $A on the Aus economy
- CSSA 2002:
*Analyse the consequences of unemployment on individuals, firms & govts
*Analyse the policy options available to the Aus govt to achieve its economic objectives
- leading edge 2004 stimulus:
*Discuss the factors that influence the value of the ex rate & the impact of these ex rate fluctatoins on the Aus economy
* in relation to the Aus economy discuss the nature of the BOP and the economic policies used to address the BOP issues
- 2004 leading edge
* examine the conflicts the Aus govt faces in achieving its economic objectives
* Examine the impact of that globalisation hashad on the development strategies in an economy other than Aus
- CSSA 2001 stimulus:
* Explain why a macroeconomic AND microeconomic response is necessary to address the problems of CAD & inflation
Ans could includ:
- consideration of long term & short policy responses
-role of monetary policy in demand management
- role of fiscal consolidation in addressing the savings/investment imbalance
- failure of traditional macroeconomic policy to address Aus' CAD
- role of microeconomic policy in promoting structural change
* Explain why the AUs govt is restricted in simultaneously achieving its economic objects
Ans could include
- identification of objectives: economic growth, full employment, price stability, external stability, environment & distribution of income
- phillips curve analysis
- economic growth vs envir, CAD, inflation
- sturctural change, unemployment & distribution of income
- CSSA 2001
* Outline the indicators of globalisation & explain how globalisation has affected an economy other than AUs
Ans chould include:
- reference to trade & finanical flows, investment & tech, finance & labour
- Gross world product & international business cycle
- trading blocs & international org
- reference to a case study with consider of some the following: distribution of income & wealth, envir consequences, economic growth & deevelopment, TNCs & govt policy responses
* Explain why the Aus ex rate fluctuates & discuss the effect of these fluctations on the Aus economy
Ans
- demand & supply factors that determine ex rate
- supply & demand diagrams to illustrate floating ex rate
- apprec & depreci of ex rate
- role of RBA & impact of govt econ policy
- effects of ex rate fluctations eg. CAD inflation foreign debt bus confidence, economic activity, govt econ policy
- Explain the main features of the Aus BOP performance and analyse the impacts of a high CAD on the AUs economy
- In relation to the Aus economy discuss the relationships between the $A relative to the trends in exports and imports
- outline the current trade policy of AUs
- Analyse the economic costs & benefits of Aus reducing the levels of protection of Aus industry
- James Ruse 2001 stimulus
* Discuss the role of fiscal policy & monetary policy in Aus & assess their effectiveness in achieving the govt current economic objectives
* Evaluate the effectiveness of Aus govt policies both macro & micro designed to control inflation
- James Ruse 2001
* discuss the role of the global economy & the WTO in influencing Aus trade & financial flows and Aus trade policy
* describe the nature of the global economy & evaluate the impact of globalisation on the devleopment of an economy other than Aus
- Evaluate the effectivesness of micro economic policies in dealing with the problems of Aus economy in recent yrs
- analyse the impact of economic policies on Aus' economic performance in recent yrs
- discuss the consequences of a predicted global slowdown in economic activity on Aus households, firms & govt
- analyse the impacts that globalisation has had on the standard of living in the global economy over the past decade
- explain the role of economic policies in achieving price stability in Aus
- explain the role of monetary policy in achieving the goals of economic management in aus
- analyse the impact of globalisation on Aus internal & external stability
- analyse the impact of globalisation on an economy other than Aus
- 2003 independent stimulus:
* discuss the effectiveness of monetary policy & other economic policies in achieving price stability in aus
* discuss the use of fiscal policy in achieving the govt economic objectives in aus
- 2003 indep
* analyse the impact of globalisation on Aus. BOP & evaluate govt policies to improve Aus international competitiveness
* discuss the characteristics of globalisation & analyse its impact on the economic development & living standards of an economy other than Aus
 

Haku

Member
Joined
Nov 12, 2004
Messages
779
dr3amy_pisc3an said:
heres some essay questions from past papers to help you guys prepare, you can sort of see a pattern on the commonly asked areas

Essay questions

- Explain the costs & benefits of free trade & globalisation for the Aus economy
- analyse the consequences of a high level of foreign debt on the Aus economy
- Evaluate the reasons for international protectionists policies & discuss their impact on the Aus economy
- analyse how movements in $A influence the level of economic activity in the Aus economy
- CSSA 2002 stimulus:
*analyse the impact of globalisation on economic growth, quality of life & external stability
*Analyse the impact of recent changes in the value of the $A on the Aus economy
- CSSA 2002:
*Analyse the consequences of unemployment on individuals, firms & govts
*Analyse the policy options available to the Aus govt to achieve its economic objectives
- leading edge 2004 stimulus:
*Discuss the factors that influence the value of the ex rate & the impact of these ex rate fluctatoins on the Aus economy
* in relation to the Aus economy discuss the nature of the BOP and the economic policies used to address the BOP issues
- 2004 leading edge
* examine the conflicts the Aus govt faces in achieving its economic objectives
* Examine the impact of that globalisation hashad on the development strategies in an economy other than Aus
- CSSA 2001 stimulus:
* Explain why a macroeconomic AND microeconomic response is necessary to address the problems of CAD & inflation
Ans could includ:
- consideration of long term & short policy responses
-role of monetary policy in demand management
- role of fiscal consolidation in addressing the savings/investment imbalance
- failure of traditional macroeconomic policy to address Aus' CAD
- role of microeconomic policy in promoting structural change
* Explain why the AUs govt is restricted in simultaneously achieving its economic objects
Ans could include
- identification of objectives: economic growth, full employment, price stability, external stability, environment & distribution of income
- phillips curve analysis
- economic growth vs envir, CAD, inflation
- sturctural change, unemployment & distribution of income
- CSSA 2001
* Outline the indicators of globalisation & explain how globalisation has affected an economy other than AUs
Ans chould include:
- reference to trade & finanical flows, investment & tech, finance & labour
- Gross world product & international business cycle
- trading blocs & international org
- reference to a case study with consider of some the following: distribution of income & wealth, envir consequences, economic growth & deevelopment, TNCs & govt policy responses
* Explain why the Aus ex rate fluctuates & discuss the effect of these fluctations on the Aus economy
Ans
- demand & supply factors that determine ex rate
- supply & demand diagrams to illustrate floating ex rate
- apprec & depreci of ex rate
- role of RBA & impact of govt econ policy
- effects of ex rate fluctations eg. CAD inflation foreign debt bus confidence, economic activity, govt econ policy
- Explain the main features of the Aus BOP performance and analyse the impacts of a high CAD on the AUs economy
- In relation to the Aus economy discuss the relationships between the $A relative to the trends in exports and imports
- outline the current trade policy of AUs
- Analyse the economic costs & benefits of Aus reducing the levels of protection of Aus industry
- James Ruse 2001 stimulus
* Discuss the role of fiscal policy & monetary policy in Aus & assess their effectiveness in achieving the govt current economic objectives
* Evaluate the effectiveness of Aus govt policies both macro & micro designed to control inflation
- James Ruse 2001
* discuss the role of the global economy & the WTO in influencing Aus trade & financial flows and Aus trade policy
* describe the nature of the global economy & evaluate the impact of globalisation on the devleopment of an economy other than Aus
- Evaluate the effectivesness of micro economic policies in dealing with the problems of Aus economy in recent yrs
- analyse the impact of economic policies on Aus' economic performance in recent yrs
- discuss the consequences of a predicted global slowdown in economic activity on Aus households, firms & govt
- analyse the impacts that globalisation has had on the standard of living in the global economy over the past decade
- explain the role of economic policies in achieving price stability in Aus
- explain the role of monetary policy in achieving the goals of economic management in aus
- analyse the impact of globalisation on Aus internal & external stability
- analyse the impact of globalisation on an economy other than Aus
- 2003 independent stimulus:
* discuss the effectiveness of monetary policy & other economic policies in achieving price stability in aus
* discuss the use of fiscal policy in achieving the govt economic objectives in aus
- 2003 indep
* analyse the impact of globalisation on Aus. BOP & evaluate govt policies to improve Aus international competitiveness
* discuss the characteristics of globalisation & analyse its impact on the economic development & living standards of an economy other than Aus
lol, can u like list the common pattern u see? cant see them!!!
 

d_a_n_z

Member
Joined
Aug 20, 2004
Messages
118
Gender
Undisclosed
HSC
2005
the only pattern to follow is hsc questions... f
 

nono

Member
Joined
Oct 24, 2005
Messages
65
Gender
Undisclosed
HSC
N/A
I've had a look at past HSC questions and so far in the new HSC they've asked questions on policies which deal with the following economic issues:

- economic growth
- unemployment
- inflation
- external stability

Which means they haven't asked for policies dealing with the distribution of income and weath and environmental management.

Do you guys think there is enough information for us to write a whole extended response on either of these 2 topics?? Or do you think they will combine a few?

Also what is the likelihood of them asking an essay on prices and incomes policy, labour market policy (it was asked already) or limitations in implimenting policy?
 

dr3amy

Member
Joined
Jun 26, 2004
Messages
82
these type of questions always seem to come up
- ex rate
- CAD/foreign liabilities
- macro/micro policies affecting blah blah sector of economy
- globalisation on case study
- trading blocs
- protection

but thats not to say they cant put something completely unexpected in this yr hsc
 

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