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What topics do you think will be assessed in the essay component of the HSC Exam? I'm thinking the exchange rate, the current account deficit and external stability. What are your thoughts?

Re: 2015 HSC Economics Marathon Whoops forgot to add investment.

Re: 2015 HSC Economics Marathon Is the equilibrium level of income 800 and the multiplier 4?

Congratulations!

Re: 2015 HSC Economics Marathon How did everyone go for the economics competition?

Wow that's awesome. Were you the state/national prize winner?

How did everyone go for the UNSW economics/business studies comp?

It was quite difficult - particularly the titration question

What was the national studies qn for Weimar? (not doing the CSSA paper)

Re: 2015 HSC Economics Marathon Explain the limitations of both fiscal and monetary policy in addressing an economic slowdown (6 marks)

Re: 2015 HSC Economics Marathon The natural rate of unemployment refers to the rate at which there is no cyclical unemployment (however frictional, structural, hard-core, seasonal, hidden, long-term, etc will irrespectively prevail) - where the labour market is in equilibrium ('full...

Re: 2015 HSC Economics Marathon Economic growth - defined as the quantitative increase in economic output - can inadvertently foster structural unemployment, arising through microeconomic reform implemented by the government. Microeconomic reform (e.g. deregulation), with the underlying...

Re: 2015 HSC Economics Marathon What is the difference between underemployment and hidden unemployment? (2 marks)

Re: 2015 HSC Economics Marathon Analyse the effects of rising interest rates on both the current account and the capital and financial account on the Balance of Payments (5 marks)

Enjoyed: exchange rates (relatively straightforward) and the balance of payments (although somewhat difficult to grasp) Disliked: labour market policy - relatively dry content

Re: 2015 HSC Economics Marathon Analyse the implications for firms and individuals in Australia of a reduction in protection levels (4 marks)

Re: 2015 HSC Economics Marathon For your response, I would probably give a 3-4/4 (for a bit more detail) - otherwise a good response. Unemployment and inflation may simultaneously arise due to the inflationary expectations prevalent within an economy, illustrated through the Long-Run...

Where does 'a' come into play?

There wasn't an economics marathon for this year (if so, sorry for the duplication), but here goes: "Discuss any TWO government strategies/policies that would promote economic growth in an economy" (4 marks)

An example: - The electrolysis of an aqueous solution of potassium chloride