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Re: 2015 HSC Economics Marathon Equally though, unemployment can lead to long term unemployment which will mean workers lose skills and motivation. Yep, liquidity of the labour force is probably one of the better ones for this. This is untrue. Those who are unemployed will have very low...

Re: 2015 HSC Economics Marathon I mostly used this example because I'm a die hard for modern, and it's one of the best examples I can think of with regard to the asset rich retaining their store of wealth while those on fixed incomes were pretty screwed. I would tend not to use economic...

Re: 2015 HSC Economics Marathon This is essentially the reason inflation encourages asset build up. This is because the nominal value of assets (for example, property) rise as the general price level rises, and essentially act as a store of value. Since physical cash stores and the like will...

Re: 2015 HSC Economics Marathon Now that I think about it, it is to an extent just linked with preventing deflation. It is somewhat distinct, however. Essentially it's just as simple as the signal that rising prices give to entrepreneurs to enter the market as producers. With moderate...

Re: 2015 HSC Economics Marathon The other big one (which dixon doesn't seem to mention for some reason?) is price signalling to entrepreneurs.

I'd say fiscal and to a lesser extent monetary are really highly likely this year. BOP and exchange rates are also on the cards. Wouldn't be surprised with a macro vs. micro for dealing witha specific policy objective essay, or even a fiscal vs. monetary. That being said, growth had still been...

Re: 2015 HSC Economics Marathon A change in Aggregate Supply will have an influence on Aggregate Demand, yes, and there are about a half a dozen ways you could outline this. Since the question is specifically about productivity, aka Aggregate Supply however, I think it would be best to go for...

Re: 2015 HSC Economics Marathon These last couple of sentences seem very confused. You've suggested productivity improvements will shift the Aggregate Supply Curve, but then you go on to suggest that economic growth occurs here based on increases in consumption and investment, ie a shift in...

Yep, I do both.

They can ask why KAFA + CAD = 0 though, which I think they did a few years back iirc

Re: MX2 2015 Integration Marathon Idk how to LaTeX (can someone point me to a guide of some sort?) so here goes: sqrt(1+sin2x) = sqrt(1 + 2sinxcosx) = sqrt(sin^2x + 2sinxcosx + cos^2x) = sqrt((sinx + cosx)^2) = sinx + cosx so integral sqrt(1 + sin2x) dx = sinx - cosx + c

ToT, CAD as a % of GDP, Foreign Debt as a % of GDP, Private Foreign debt as a % of total foreign debt, Exchange rate with USD, TWI, BOGS trends, trends in Business Investment, trends in Consumption, trends in Inflation, trends in household debts, off the top of my head.

Thoughts on the budget reply?

As in the project? Or the part I or II essays?

That was Tim Dixon from Trinity Grammar who went on to speech write for Rudd and Gillard and who writes the 'Australia in the Global Economy' textbooks. Curiously, Ian Moore, an economics teacher from Trinity who writes the slightly bizarre 'Creative Economics' textbook actually taught Dixon in...

Sorry mate, must be your memory. Structural unemployment is unemployment accrued as a result of the mismatch between labor skills and the skills required by industry. In this context, this mostly refers to labor skilled up in inefficient industries which then fail (resulting in unemployment) in...