http://community.boredofstudies.org en Sat, 21 Nov 2009 07:03:31 GMT vBulletin 60 http://community.boredofstudies.org/images/misc/rss.jpg http://community.boredofstudies.org http://community.boredofstudies.org/showthread.php?t=229250&goto=newpost Fri, 20 Nov 2009 11:20:09 GMT Anyone been/go to Leading Edge for their weekly seminars? Was it worth it? Would you recommend it? Thanks. Anyone been/go to Leading Edge for their weekly seminars?

Was it worth it? Would you recommend it?

Thanks. ]]> Economics irvine http://community.boredofstudies.org/showthread.php?t=229250 http://community.boredofstudies.org/showthread.php?t=229041&goto=newpost Wed, 18 Nov 2009 15:53:57 GMT According to Keynesian IS-LM model, what is the effect of each of the following on output, the real interest rate, umemployment and the price level? Distinguish between short run and long run. a) Financial deregulation allows banks to pay a higher interest rate on checking accounts. b) The... According to Keynesian IS-LM model, what is the effect of each of the following on output, the real interest rate, umemployment and the price level? Distinguish between short run and long run.

a) Financial deregulation allows banks to pay a higher interest rate on checking accounts.
b) The introduction of sophisticated credit cards greatly reduces the amount of money that people need for transactions.
c) A severe water shortage causes sharp declines in agricultural output and increases in food prices.
d) A temporary beneficial supply shock affects most of the economy, but no individual firms is affected sufficiently to change its prices in the short run.

2) Under NCM, the use if fiscal policy to fight a recession doesn't make workers better off( assume that the increase in tax liability makes people work harder). suppose that KE is correct. Relative to a policy of doing nothing, does an increase in government purchases that brings the economy to full employment make workers better off? discuss the effects of the fiscal expansion on the real wage, employment, consumption and current and future taxes. How does your answer depend on the direct benefits of the government spending program and the speed with which prices adjust in the absence of fiscal stimulus??

Please help me.... Many Many Thanks!!!!!! ]]> Economics ivanho http://community.boredofstudies.org/showthread.php?t=229041 http://community.boredofstudies.org/showthread.php?t=229039&goto=newpost Wed, 18 Nov 2009 15:00:44 GMT According to Keynesian IS-LM model, what is the effect of each of the following on output, the real interest rate, umemployment and the price level? Distinguish between short run and long run. a) Increased tax incentives for investment ( the tax breaks for investment are offset by lumpsum... According to Keynesian IS-LM model, what is the effect of each of the following on output, the real interest rate, umemployment and the price level? Distinguish between short run and long run.

a) Increased tax incentives for investment ( the tax breaks for investment are offset by lumpsum tax increases that keep total current tax collections unchanged)

b) Increased tax incentives for saving ( lumpsum tax increases offset the effect on total current tax collections)

c) A wave of investors pessimism about the future profitability of capital investments.

d) An increase in consumer confidence as consumers expect that their incomes will be higher on the future


2) suppose the central bank has a policy i increasing the money supply when it observes that the econmimy is in recession. But, suppose that avour six months are needed for an increase in the money supply to affect aggregate demand, which is about the same amount of time needed for firms to review and reset their prices. What effects will the central bank have on output and price stability? Does your answer change if a) the central bank has some ability to forecast recessions or b) price adjustment takes longer than six months??


Many Many Thanks!!!!! ]]> Economics ivanho http://community.boredofstudies.org/showthread.php?t=229039 http://community.boredofstudies.org/showthread.php?t=228938&goto=newpost Wed, 18 Nov 2009 02:34:25 GMT Thanks to all the members who have shared useful links. *If you have any more relevant links please share them here.* *_General Information_* *_Relevant Syllabus Points_* Case study Thanks to all the members who have
shared useful links.

If you have any more relevant links please share them here.


General Information

Relevant Syllabus Points
Case study
A case study on the impact of globalisation on an economy other than
Australia must be undertaken, along with the strategies that this economy
is using to promote economic growth and development.

Impact of globalisation:
• international convergence

• economic growth, development and the quality of life

• trade, investment and transnational corporations

• distribution of income and wealth

• environmental consequences

• financial markets

• the international business cycle

• implications for government economic policies.


Which economy should I use as a case study?
It is best to use an economy where the impact of globalisation is quite
evident. For example: China, Poland, Brazil, Vietnam etc. It is important
to ensure that the case study chosen is appropriate and will enable
you to respond to a question regarding it with the best possible response.


Should I pre-prepare a response to this type of question?
This is a personal choice - some people feel it is of a benefit to them,
others do not. In past HSC's it has been evident to markers that students
have pre-prepared responses, which in some cases did not meet the requirements
of the question. If you are going to pre-prepare a response ensure that
you can be flexible with it and can adapt the contents to suit the question
asked.


Do I need to include current statistics/data?
Marking guidelines from previous HSC papers state that better responses
included current statistics and data.


Does it matter if the case study I use is popular?
According to previous marking guidelines, generally some of the more
popular case studies (eg: China) are actually some of the best to use
as the impact of globalisation is more evident. You should decide yourself
and through discussion with your teacher which case study you feel is
most appropriate and use this one. Don't worry about whether a lot of
other people are using it or not - just worry about how well you can
respond to a question using it.


BoS Resources

• The Economics Resources Page has a range of essays and information on economies.
  Remember: these are the work of another student and are just for reference.
• The Economics FAQ has an extensive range of links to useful
  sites.
• The Current Economic Data Thread has a range of information on current economic news.

Remember: these links are just a starting point, they are no way all the information available about the economy you are studying and all that you will need. Also remember that some websites/links are not updated regularly and therefore all the statistics and information you find will not be up to date.


Resources for all Economies

World Factbook - Just type in the economy you are studying to get a broad overview of the economy and a range of statistics.

Economist - Country Briefings


Brazil

Governments on the WWW: Brazil - A tremendous list of Brazil links from the Latin American Network Information Center

IMF: Brazil

World Bank's Brazil Page

Brazzil - Brazzil, an English-language magazine on Brazilian society and culture

The Ministry of Foreign Relations - The english version.

Institute
of Brazilian Business & Public Management Issues

Brazil's
Constitution


Sub-Saharan
Africa
[Kenya, Nigeria, Ghana, South Africa etc]

Leading
Edge Education have put out a new publication: "Globalisation and economic development in Sub-Saharan Africa. This publication has some interesting information for if you are studying a Sub-Saharan Africa economy (such as Kenya, Nigeria, Ghana, South Africa)
for your case study, or if you just want a read to further your knowledge.
It's available here.


External Related Links

United Nations Development Program - Useful reports and statistics on several economies.

World Bank's Africa Pages - A great resource on the region of sub-Saharan Africa and individual economies, along with information about the World Bank’s assistance programs.

Governments on the WWW: Africa - has a large list of links to government institutions and political organisations in Africa.

Commission for Africa - The landmark report on African Economic Development by the 2005 Blair Commission for Africa

UN
Millenium Project - Statistics and Reports about sub-Saharan African economies and the Millennium Development Goals.

South African Government Information - An overview of South Africa’s economy from the South African government.

Political Resources - A great collection of links to several media, government and educational websites on Africa.

World Monitor - A list of links to governments, media and non-governmental organisations in sub-Saharan Africa.

African Studies Centre - A great
collection of links to resources on several African countries from the African Studies Center at the University of Pennsylvania.


Poland

Governments on the WWW: Poland

Warsaw
Voice - A Polish based English language newspaper - a useful source of information about current events in Poland.

The
Chancellory of the Prime Minister - Official website of the Office of the Polish Prime Minister.

National
Bank of Poland

IMF Poland

World Bank - Has a range of pages on Poland.

World Trade Organisation - A good source of information on Poland’s trade policy.

Polish Official Statistics - A government website that can be used to find all of the major economic and social statistics relating to Poland.


China

China Economic Information Network

WorldBank - China

IMF - People's Republic of China - International Monetary Fund information on China.

China Economic Review

Factbook - China - lots of information
on China.

China Brief

China Environmental Issues

Ministry
of Commerce of the People's Republic of China

China Business Information Centre - Exports.

Cambridge: Comparing China & Russia's responses to Globalisation

Economist - China


South Korea

World Bank: South Korea - Powerpoint on South Korea.

Country Analysis - Environmental Issues

South Korea Country Analysis - overview of the country.

Factbook: South Korea - Overview


Ireland

Department of Finance for the Government of Ireland

The Economic and Social Research Institute

The Economist - Article on Ireland Economy

Ireland Central Statistics Office

Central Bank and Financial Services

News Article on Ireland Economy


US

Bureau of Economic Analysis

Economic Development Administration

United States Trade and Development Agency


Russia

World Factbook: Russia

IMF: Russia

World
Bank: Russia

Cambridge: Globalisation in Russia

India

Economy Watch: India

Embassy of India

Economic Times: India Times

Economist: India

Time: India


Argentina

Argentina Statistics

UNICEF - Argentina - Statistics
(this one is great for quality of life indicators)

NationMaster - Statistics on Argentina. facts and figures, stats and information on Argentine economy, crime, people, government, health and education.

http://devdata.worldbank.org/AAG/arg_aag.pdf ]]> Economics Without Wings http://community.boredofstudies.org/showthread.php?t=228938 http://community.boredofstudies.org/showthread.php?t=228912&goto=newpost Tue, 17 Nov 2009 12:05:25 GMT Hi, ive been given an essay assessment task and I need help on it. The main points of the essay are Identify the current account deficit Issue Explain why it is an important issue Outline current Government policies aimed at managing these issues. Can someone give me some help as to... Hi, ive been given an essay assessment task and I need help on it.

The main points of the essay are

Identify the current account deficit Issue
Explain why it is an important issue
Outline current Government policies aimed at managing these issues.

Can someone give me some help as to where i can go to get this information from? ]]> Economics Qudans http://community.boredofstudies.org/showthread.php?t=228912 http://community.boredofstudies.org/showthread.php?t=228897&goto=newpost Tue, 17 Nov 2009 10:09:14 GMT Hey i was just wondering is foreign debt/equity (liabilities) part of the net income on the current account? Hey i was just wondering is foreign debt/equity (liabilities) part of the net income on the current account? ]]> Economics PROFESSOROAK http://community.boredofstudies.org/showthread.php?t=228897 http://community.boredofstudies.org/showthread.php?t=228732&goto=newpost Mon, 16 Nov 2009 05:59:45 GMT hey i'm having a bit of trouble with bop, could anyone shed some light on:

Government policies available to deal with the balance of payments issue:
The macroeconomic including- fiscal
-monetary
-trade policy

microeconomic policies and labour market policies that all deal with the bop issue.

thanks alot :) ]]> Economics don_maka http://community.boredofstudies.org/showthread.php?t=228732 http://community.boredofstudies.org/showthread.php?t=228446&goto=newpost Fri, 13 Nov 2009 12:51:36 GMT i was considering starting eco tutor but i'm not quite sure so i'm looking for opinions from people who have done it and havent.

thanks guys ]]> Economics PROFESSOROAK http://community.boredofstudies.org/showthread.php?t=228446 http://community.boredofstudies.org/showthread.php?t=228337&goto=newpost Thu, 12 Nov 2009 16:41:28 GMT This thread is for you to post any current economic figures or information you come across or to discuss any questions/issues relating to this. *Latest Economic Statistics* Current as at 3 November 2009 Image: http://img510.imageshack.us/img510/4374/ecostatsleadingedge.png Source:... This thread is for you to post any current economic figures or information you come across or to discuss any questions/issues relating to this.


Latest Economic Statistics
Current as at 3 November 2009


Source: Leading Edge.

ABS:Key National Indicators
Relevant stats to this course include: National and International Accounts, Prices, Labour Force, and Incomes.


Slides from Recent Economic Conferences
March 2008
Australia's Trade and Financial Flows
Exchange Rates
Impacts of Globalisation in 2008
Trade Agreements in 2008


Slides from Economics Revision Workshops 2007
Economics Revision Workshop 1: January
Economics Revision Workshop 2: April
Economics Revision Workshop 3: July

Where to use Statistics in Extended Responses?
Creative Classroom provides a useful table showing the types of extended response questions you can apply certain statistics too. (Please Note: The statistics in this link are NOT current)


Source: Australian Bureau of Statistics, The Reserve Bank of Australia, Federal Budget and Leading Edge. ]]> Economics Rafy http://community.boredofstudies.org/showthread.php?t=228337 http://community.boredofstudies.org/showthread.php?t=228245&goto=newpost Thu, 12 Nov 2009 06:01:07 GMT Ok first post here so dont be too harsh. Im thinking of going into finance when i finish hsc but although we have 2 commerce classes, the teachers are crap :vcross: and not enough people chose economics or business studs to make the classes. so is it worth me changing schools to get the subs... Ok first post here so dont be too harsh.

Im thinking of going into finance when i finish hsc but although we have 2 commerce classes, the teachers are crap :vcross: and not enough people chose economics or business studs to make the classes.

so is it worth me changing schools to get the subs or just stay? and i guess its the same with any subject, if you dont get the class and you want to go into that area in the future should u change schools ?

thanks, josh ]]> Economics muddy94 http://community.boredofstudies.org/showthread.php?t=228245 http://community.boredofstudies.org/showthread.php?t=228129&goto=newpost Wed, 11 Nov 2009 05:51:56 GMT I've got an essay I have to do: "What do you understand by the term free trade? Examine the arguments that arise in moving towards a free trade policy." Any pointers on what I should be covering in the essay would be appreciated.
Thanks ]]> Economics chrisarmstrong http://community.boredofstudies.org/showthread.php?t=228129 http://community.boredofstudies.org/showthread.php?t=228047&goto=newpost Tue, 10 Nov 2009 09:55:59 GMT Hey all! :pirate: For a year 12 eco assessment at school (a hand in one) we have to use lots of relevant data etc. and we are doing the first globalisation and trade topic. We need the data about protectionist economies or blocs, and I was wondering where to go to to look for some current stats... Hey all! :pirate:
For a year 12 eco assessment at school (a hand in one) we have to use lots of relevant data etc. and we are doing the first globalisation and trade topic. We need the data about protectionist economies or blocs, and I was wondering where to go to to look for some current stats about how much they trade outside their agreements, inside them, levels of tariffs etc. so I can talk about how protectionism still exists - particularly within trading blocs.

I think what I am talking about is right - but I would LOVE some data on it to help me and my assessment!

Where should I go? Any good sites?

Thanks alot for you help! And good luck in your exams everyone! :D ]]> Economics k-cullen http://community.boredofstudies.org/showthread.php?t=228047 http://community.boredofstudies.org/showthread.php?t=227919&goto=newpost Mon, 09 Nov 2009 11:52:19 GMT where can we get CPI inflation figures per quarterly

e.g. 1 % march 1 % june 1 % september 1 % december total 4 % for that year

btw ive tried RBA and ABS but I can't seem to extract the useful stuff :mad1:

same deal for GDP figures.

thanks for help ]]> Economics ForbiddenND http://community.boredofstudies.org/showthread.php?t=227919 http://community.boredofstudies.org/showthread.php?t=227616&goto=newpost Sat, 07 Nov 2009 07:20:51 GMT I am having difficulty trying to find some really good course summaries for economics, preferably with the syllabus dot points. I am wondering which one is the BEST resource - which one have you downloaded/tried and how did you rate it? Thanks I am having difficulty trying to find some really good course summaries for economics, preferably with the syllabus dot points.
I am wondering which one is the BEST resource - which one have you downloaded/tried and how did you rate it?
Thanks ]]> Economics Need_Help http://community.boredofstudies.org/showthread.php?t=227616