Past HSC Question Help! (1 Viewer)

[SGSII]

Hi Guys!
Could someone please help break down this question from the 2011 HSC Paper:
"Discuss the impact of changes in the domestic and global economy on Australia’s exchange rate."
Like could someone please provide a structure as to what to include in this question to gain maximum marks for it.
Any help is good help!
Thank you!

 

[lolwot]

The sample answers section (http://www.boardofstudies.nsw.edu.a...s/pdf_doc/economics-hsc-sample-answers-11.pdf) on the Board of Studies website has a nice guideline for the questions.

Question 28
Answers could include:

•Relative levels of interest rates in the domestic and global economy
•Global commodity prices
•Levels of trade and investment
•Inflation rates
•Current account balances
•Terms of trade
•Currency speculation
•Exchange rate intervention by the RBA
•Appreciations
•Depreciations
•Trade weight index
•Competitiveness of Australian industry

 

[SGSII]

The sample answers section (http://www.boardofstudies.nsw.edu.a...s/pdf_doc/economics-hsc-sample-answers-11.pdf) on the Board of Studies website has a nice guideline for the questions.

Thanks ive already went through that too.
Could you be specific though, like which global factors and which domestic factors?