General Thoughts: Economics (2 Viewers)

[Rafy]

Share your overall exam thoughts here

 

[lochnessmonsta]

So I think Q20 was a trick question. I think the answer is D because there are no imports, so in fact the revenue rises.

Also I don't know what the answer to 11 is. I put b.

Altogether a nice paper. I did macroeconomic policy mix and unemployment for the essays.

 

[Examine]

I liked the paper, though I screwed up MC lol.

I also answered macro and unemployment

 

[Chronost]

Did exchange rate and unemployment. Fucked up time-management and only had like 27 minutes for unemployment. Last minute 5 minutes both the pens I had kept screwing on me and i kept having to scribble on paper to revive it. That basically stuffed me as I needed just a few more things for unemployment but didn't have a chance to write. Stupid pens running out. Used spare pencil for conclusion LOL, wonder if they count it still.

 

[SharkeyBoy]

Someone upload the paper please!

 

[heytherewhatsup]

Forgot to talk more abt nairu for q28 would that be a big deal? just mentioned it wtf I was so dumb

 

[Randox]

Forgot to talk more abt nairu for q28 would that be a big deal? just mentioned it wtf I was so dumb

I didn't talk about it. It wasn't an effectiveness qn so it's not that bad. I should have talked about it haha

 

[SharkeyBoy]

So I think Q20 was a trick question. I think the answer is D because there are no imports, so in fact the revenue rises.

Also I don't know what the answer to 11 is. I put b.

Altogether a nice paper. I did macroeconomic policy mix and unemployment for the essays.

ahh crap, you've scared me man. I thought I did OK in mc, now - not so well...

I liked my essays though! And the short answers were decent, except for CAD, had a mental blank kinda

 

[hayleyemma96]

Forgot to talk more abt nairu for q28 would that be a big deal? just mentioned it wtf I was so dumb

I don't think I mentioned it...whoops. I talked about appreciation of dollar (impact on unemployment in tourism industry), GFC (cyclical unemployment causing lower Eco growth + lower productive capacity) then reduction in protection (increase in structural unemployment placing burden of govt due to welfare payments-->opportunity costs)


Hayley

 

[heytherewhatsup]

Do u guys reckon its a rather easy paper? Wt would the b6 n state cut off be:3

 

[heytherewhatsup]

I'm actually not sure if its important but my fds all did so I'm just scared they even did the graph!

 

[Randox]

Yeah I also talked about social issues with unemployment to mix things up a bit haha. Talked about cost to government and decreased growth with gfc. Should have probs done impact on inflation. Ran out of time anyway.

 

[NFmusic1995]

everything but MULTIES were sweet, MULTIES RAPED ME

 

[SGSII]

That exam was pretty good!
Loved loved that macro and unemployment question!
I found multiple choice to be difficult though :S

 

[thefiftethgate]

That was the most easy exam I have ever done! the exchange rate question - just beautiful, shorts - amazing, multis - beaut, Q28 alright but relatively easy to answer.

 

[hayleyemma96]

What MC answers did everyone get?


Hayley

 

[rainlewis]

Here are what I think the answers are for the MC 2013 paper are: (please correct me if you think I am wrong)

1. A
2. B
3. C
4. C
5. A
6. C
7. A
8. A
9. C
10. D
11. A
12. B
13. C
14. B
15. B
16. D
17. B
18. A
19. D
20. D

 

[TurtleyyEpic]

Do u guys reckon its a rather easy paper? Wt would the b6 n state cut off be:3

I'd imagine high 80's, I don't think Economics gets aligned to a mark that's much higher than your raw mark.

I reckon it was a fair test overall; multiple choice and short answer had a few difficult/weird questions and the essays were pretty standard

 

[thefiftethgate]

q3 is C as high GDP per capita doesnt mean greater equality

Here are the answers for the MC 2013 paper are: (please correct me if you think any are wrong)

1. A
2. B
3. B
4. C
5. A
6. C
7. A
8. A
9. C
10. D (However, a bit ambiguous as we are not given any information about the financial account, so could be B)
11. A
12. B
13. C
14. B
15. B
16. D
17. B
18. A
19. A
20. B

 

[hayleyemma96]

Ok I'm sorry but I don't understand how question 20 is D. Isn't a tariff a tax on imports? That would mean that imports exist in the economy simply due to the existence of the tariff right? Therefore, a reduction in tariffs results in a reeducation of revenue as tariffs are revenue based


Hayley