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I must really disagree with AussieVesti and loaves - not wanting to be argumentative of course! I cannot disagree with this more. The economics syllabus is atrocious! I hear Modern History is even worse and I see you've done that so maybe that's informed your opinion, but economics is...

Hey, I don't want to sound like one of those idealists, but I think most of the prelim course is pretty useful when it comes to understanding economics. I had to relearn bits of it essentially in year 12 because I got a really good teacher in year 12 who made me realise that I hadn't...

ignoring the other elements of the Current Account Balance for the moment, the balance on goods and services could almost be a measure of whether an economy is 'living within its means' with regards to the rest of the world. If economics is based off the twin processes of production and...

Could I throw in something that's largely trivial that bothered me all throughout the HSC economics course, but is interesting to note (not important for marks). The formula given for real interest rates (as stated above) is normally nominal interest rate - inflation = real interest rate...

1. China and a few rapidly developing economies are experiencing high inflation rates due to their very speedy growth rates. As sakata mentioned above, monetary policy is the primary tool used to manage the level of aggregate demand in an economy. Demand-pull inflation (you'll learn about this...

Can I also definitely add my recommendation that you ignore the recommended times and weight it v heavily towards the essays. I'd suggest perhaps 15 mins MC, one hour short answer (write as much as possible here too - at least 3-5 lines per mark), which should leave over 50 mins for each essay...

Hello, without the textbooks on me, here's what I would have written (dot point form) for that. -Must balance under a floating exchange rate (there's a nice formula you can whack out to impress examiners) once net errors and omissions is taken into account. -The economic theory is that an...