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25/25 + 23/25 + 23/25 + 25/25 = 96/100 Pretty conservative guess, since I didn't do too well for 'account for' but everything in the syllabus I talked and accounted for, but I don't know. Don't really like plot retell questions to be honest.

My favorite question would be question A in Conflict in Europe. Generic paper, my predictions for everything was spot on except for Weimar .... Does anyone have an idea what raw mark would be required for a state ranking?

You did talk about Fiscal policy right? That's a few marks. I'm sure you'd get marks in the change of the exchange rate in the Yuan too

I'm sure that is the case, and it is clear.

Yeah, that's why I thought that this question isn't so much about globalisation.

Good, I did one about the States and wrote about their macroeconomic policies after the GFC and the recent crisis, like massive NFD and QE1 and 2 as well as how it allowed them to invest at a lower cost overseas, which is aimed to respond to the recession in the international business cycle to...

But I guess this is a two way question, could go either way. But I'm sure what you've said is fine, did you also note that it was during the boom years that they've done it to attract the investment into china to boost economic growth?

I thought the question is strategies in response to the international business cycle? Dunno... doesn't matter.

http://hsc.csu.edu.au/economics/global_economy/business_cycle/tut2internationalbus.html 'The global economy, like any economy, is affected by regular and recurring fluctuations in the levels of economic activity. If a country’s economy is experiencing a boom or recession its domestic demand...

International business cycle is dictated by the CURRENT world output figures. Mind you TOPIC 1 is not just purely about globalisation, it's about the global economy. How each nations shares a relationship, how the Gross World Product dictates the movement of the international business cycle. So...

People who think that this year's paper is harder than last year's, seriously think again. Q28 lol, people would go off a tangent about China, EU debt crisis and nothing hypothetical. Even though I answered it in a wrong way, which I really regret or I could've gotten a high band 6...., now...

This question isn't about globalisation. For those who answered globalisation policies like open door..... Jakes on you....

Perhaps a little bit higher, just perhaps off the 96 margin. You see, people call essays 'easy' and short answers 'easy'. But it really comes down to the strength of the people in the topics. That's why we have Keynesian and Classical economists lol..... no one is a know it all.

Hear hear, it wouldn't go up. Shot answers and Essays are subjective and there is NO absolute 20/20 example or 40/40 example. Cut off either down by 2 or static.

It'd have to come down. MC are easy marks. Easy essays are harder to perfect than MC. If you give out nice MC, you are risking at least 5 marks of a student, and there is no way, no way anyone who'd get 20/20 for both essays here and 40/40 for short answers. Most people are going to get on...

No, I'm sure that they'd also mark anything under the allocated lines.

To be honest, I don't think the cut off would be higher than last year. MCQs were harder, short answers were similar but the format is slightly different (Eg. the strategy and international business cycle one), essays would've caught a lot of people off guard, fiscal and distribution of Y and...

Another quick notes about this exam is that it shared 60% pure economic theory and 40% focused on Australia.... I see them to be shifting into a more theoretical paper.... Which might be a good thing I guess...

Yes, that's what you should say. 5/5 By the way I didn't do China... But I did AMERICA LOL

Haha thanks! Oh the Marshall-Lerner condition is also an accelerated theory, I don't think you need it in the HSC. But it's basically a situation that, for a currency devaluation to have a positive impact on trade balance, the sum of price elasticity of exports and imports (in absolute value)...