Possible Economics Quesitons...?? (1 Viewer)

[pearla]

Well our teacher is pretty certain that since there hasnt been a Exchange rates Question in the New HSC

2002 HSC Essay Questions:

25. Explain the role of microeconomic policies in assisting structural change in the Australian economy.

26. Explain how the Federal Government can use fiscal policy to promote economic growth, redistribute income and assist external stability.

27. Analyse the impact of changes in the global economy on Australias current account and net foreign debt.

28. Analyse the impact of protectionist policies on the domestic and global economies.


HSC Paper 2001 -

25. Discuss policy options the Australian Government can use to achieve external stability.

26. Discuss policy options the Government can use to promote and maintain economic growth in Australia.

27. Analyse the impact of globalisation on the economic performance of the Australian economy.

28. Analyse the impact that globalisation has had on economic development strategies in an economy other than Australia.


Specimen Paper 2001 -

25. Discuss the policy options for addressing inequality in the distribution of income and wealth in the Australian economy.

26. Analyse the impact of economic policies designed to promote sustained economic growth in the Australian economy.

27. Discuss possible government responses to changes in the global economy that have affected Australias trade and financial flows.

28. Explain how an individual economy (other than Australia) is endeavouring to promote its level of economic development, in an environment where globalisation is affecting living standards.



So basically there hasn't been an exchange rates essay yet, and Only really 1 (primarially) Macro question.

What does everyone else reckon will be the HSC questions?

 

[coroneos]

i rkn there will be ESD in this test in SA

 

[pearla]

what is SA?? ESD being Ecologicaly Sustainable development, what is SA?

 

[Nick]

short answer..

 

[AGB]

for section III, the questions will come from the last two topics, so im guessing that the options are going to be monetary policy, given that that has not been tested and also that fiscal and micro were tested last year.

or there could be a question on the inflation/unemployment and environment, given that those hav not been tested as well

for section IV, i reckon one of the options could be "analyse/explain etc.. the reasons for differing levels of development in the global economy" or something along those lines

 

[pearla]

ahh.... of course

 

[cakes]

Originally posted by AGB
for section IV, i reckon one of the options could be "analyse/explain etc.. the reasons for differing levels of development in the global economy" or something along those lines

arghhh how the fuck do u answer that one!!! actually, im pretty screwed no matter what they ask hahaha

 

[Minai]

I'm inclined to believe that Section IV will have one question on Exchange Rates, and I agree with AGB's prediction too...that question is likely, although probably made a bit easier by saying "Discuss the impact of globalisation of world economies in relation to economic growth and quality of life" (a la CSSA2002)

 

[erin]

guys, none of you are srewed, you sound like you no what your talking about, so dont stress.

i'm screwed whateva question they ask!!!

 

[rukawasan]

alrite... AGD... hu ever u r... ive taken ur advice n just taken the last 2hrs writing a practice essay on contrasting levels of eco development... it was hard... it was long... it was a lot of current statistics and events... n it'll probly take me another 2hrs to get it in my head... i damn hope its gona be in the hsc...

if it is... i would give u a kiss... if its not... renew ur life insurance... cos its somethin like 36 hrs to ecos hsc... n i just spent the last 2 hrs on it...

lol.. just kiddin... but i do hope its in the hsc

 

[AGB]

dont just kill me.....minai also said it would be there......

 

[AGB]

seeing as u just wrote one, i will write the structure i used for it here......

intro: classified different economies (industrialised, developing, NIC), defo globalisation etc etc

1. there are both domestic and global factors that contribute to inequality

2. DOMESTIC (factors of production and institutional factors)

2a factors of production (land - use middle east countries as example becoz of their oil)

2b factors of production (labour - use singapore as an example...they have reformed their education system to improve the workforce)

2c factors of production (capital/investment - access to investment, and thus capital, will impact on a nation's ability to achieve development e.g. south korea has gross capital formation of 29% GDP)

2d factors of production (entrepreneurial - in poland, they have been influenced by western european values, and as such, they have changed their socialist ideals)

3a institutional factors (political institutions e.g. Russian officials are corrupt and as such international investors do not want to invest there)

3b institutional factors (govt response to globalisation e.g. ireland, asian tigers have embraced globalisation, which has led to phenomonal levels of human development)

4 GLOBAL FACTORS

4a (global trade system - high agricultural protection. prevents developing economies from gaining increases in trade)

4b (financial system - 75% of total fdi flows were received by US EU and Japan. poorest 49 received 2.6%)

4c (global aid and assistance - usually serves a political purpose when it is bilateral e.g. US promised turkey for foreign aid if they supported the war in iraq. however when distributed by the WB it is more effective)

5 conclusion

hope it helps

p.s. i ripped most this structure off this handout i got at school

 

[Abe]

I am inlcined to say that globalisation WILL be in the final question as it underpinns the whole course IMO...and development is a good guess...

 

[Blondie]

i reaaaaaaaaaaaally hope theres a case study q in section 4. as for section 3.....umm, im thinking unemployment/inflation. or maybe esd as sum1 said. so yeah. gluck!

 

[truly-in-bliss]

i reckon there will be something on enviornemnt.. hhaha imagine writing an essay on the enviorn..... hahha

 

[Nick]

it wouldnt be too bad..

actually i kinda hope they ask that..

 

[truly-in-bliss]

its prob the easiest topic to score marks if u have studied it...

 

[rukawasan]

AGB... thats the exact same structure i used... n yeh... i ripped off a leading edge handout i got at school... n exactli like u i decided to omit the govt response to globalisation as a cause of global inequality... shit if it is in th ehsc.. .hope our answers wont end up in the same bundle... altho the chances of that are negligible...

 

[AGB]

haha exemplars here we come!!

 

[Newbie]

hope you two dont mind if i rip off your structure