Economics HSC Exam Predictions/Thoughts (2 Viewers)

[uniqueusername1]

wait he had one for polarisation? did you know that guy was the one who discovered the photoelectric effect by accident and einstein took all the credit?

damn i forgot his name lol i was watching a ted talk or something on it

so basically hertz rotated the receiver and he noticed at right angles he would see sparks (after setting up the standing waves) something like that

 

[JesusChriiii]

https://www.dymockstutoring.edu.au/2021-hsc-economics-exam-solutions/

Dymock's solutions (never heard of them but the solutions are detailed)

They reckon the externality mc is the land value

 

[JesusChriiii]

https://www.dymockstutoring.edu.au/2021-hsc-economics-exam-solutions/

Dymock's solutions (never heard of them but the solutions are detailed)

They reckon the externality mc is the land value

I'm confused by their answer for no.9. I still think it should be B cuz D doesn't mention the direction of the investment which is absolutely confusing...

 

[notme123]

theres a lot of issues with this mc.
9. i still think both b and d are correct to an extent. i think b is right as well because decreasing import prices means a rising tot, so better bogs, coupled with the depreciation. they shouldnt assume how the economy denominates its currency, otherwise they should tell us. hypothetical means infinite possibilities. I put b.
12. just cuz the k multiplier decreases, doesn't mean national income decreases, increases are just smaller. it didnt state at all the change in investment which is abosolutely necessary to gague change in national income. I put b.
16. ive heard a lot of people say its b, not c. my teacher and collegues say its b becase a highway will create less local traffic, not more. who cares about logistics, this isnt town planning. I put b
19. i have the BIGGEST issue with this. a managed economy DOES NOT use the cash rate to manipulate the exchange rate because there is a TIME LAG. they intervene so that each day it comes back to target range. This one was really fkd. I put c but i have a feeling they should give this as a free mark as none is correct. while yes b is the most correct, i did not choose it and immediately dismissed it for the simple fact it uses the cr.

 

[alexn2539]

Their justification for Q5 is just wrong, headline and underlying cash balance is NOT to do with monetary policy at all, it's a measure of the budget outcome. This is a pretty grossly incorrect statement ngl and the answers lost all credibility for me when I saw that. I also think the use of the word 'reflects' in the question means it should be either C or D, I can see where structural component (B) comes from but that's not where it's 'reflected' on the budget per se. I think the answer for Q5 is Headline Cash Balance (C) as this is where "cash flows for policy purposes" are recorded (straight from the textbook). I'm not defending my own answer here either btw bc I said D but I still really disagree with what they're saying.

 

[notme123]

Their justification for Q5 is just wrong, headline and underlying cash balance is NOT to do with monetary policy at all, it's a measure of the budget outcome. This is a pretty grossly incorrect statement ngl and the answers lost all credibility for me when I saw that. I also think the use of the word 'reflects' in the question means it should be either C or D, I can see where structural component (B) comes from but that's not where it's 'reflected' on the budget per se. I think the answer for Q5 is Headline Cash Balance (C) as this is where "cash flows for policy purposes" are recorded (straight from the textbook). I'm not defending my own answer here either btw bc I said D but I still really disagree with what they're saying.

the answer is b, c or d can be non discretionary as well. but ye the answers are dodgy. does matrix have answers too?

 

[JesusChriiii]

it’s definitely D, business investment is not in the BOP. business investment implies domestic investment and hence is not a credit nor debit. higher domestic investment = higher X = BOGS improves

it's confusing, they should specify whether it is domestic business investment from domestic to domestic, or overseas to domestic, or domestic to overseas, it's hard to assume an economy's business investment is all done within the economy with no connection to the oversea sector. If they specify it is all done in domestic sectors, i'll agree with D, but they didn't and makes it a vague option

 

[alexn2539]

the answer is b, c or d can be non discretionary as well. but ye the answers are dodgy. does matrix have answers too?

Unfortunately not, i've been waiting for then to come out but I don't think matrix does answers for eco

 

[notme123]

Unfortunately not, i've been waiting for then to come out but I don't think matrix does answers for eco

hahah maybe theyre too scared to

 

[JesusChriiii]

theres a lot of issues with this mc.
9. i still think both b and d are correct to an extent. i think b is right as well because decreasing import prices means a rising tot, so better bogs, coupled with the depreciation. they shouldnt assume how the economy denominates its currency, otherwise they should tell us. hypothetical means infinite possibilities. I put b.
12. just cuz the k multiplier decreases, doesn't mean national income decreases, increases are just smaller. it didnt state at all the change in investment which is abosolutely necessary to gague change in national income. I put b.
16. ive heard a lot of people say its b, not c. my teacher and collegues say its b becase a highway will create less local traffic, not more. who cares about logistics, this isnt town planning. I put b
19. i have the BIGGEST issue with this. a managed economy DOES NOT use the cash rate to manipulate the exchange rate because there is a TIME LAG. they intervene so that each day it comes back to target range. This one was really fkd. I put c but i have a feeling they should give this as a free mark as none is correct. while yes b is the most correct, i did not choose it and immediately dismissed it for the simple fact it uses the cr.

9. I agree. D is such a vague option. Maybe it will be the same as last year' mc in which there is one question with two correct options.
12. I agree, the question must provide more info for us to decide whether national income drops. An increase in MPS would result in lower level of economic activity for sure, but not necessarily a decrease in national income - maybe just a reduction in growth rates? I still put D tho even though i don't think the question makes sense.
16. I put C but now i tend to think it should be B. This question just does not sound economic anywas...
19. Exactly the same thought process. It got my stuck there for a long time, but C and D just don't align with the basic demand-supply theory of goods, which i believe is more fundamental and important than functions of central banks in a managed economy. I put B but i agree this question is fucked.

 

[notme123]

9. I agree. D is such a vague option. Maybe it will be the same as last year' mc in which there is one question with two correct options.
12. I agree, the question must provide more info for us to decide whether national income drops. An increase in MPS would result in lower level of economic activity for sure, but not necessarily a decrease in national income - maybe just a reduction in growth rates? I still put D tho even though i don't think the question makes sense.
16. I put C but now i tend to think it should be B. This question just does not sound economic anywas...
19. Exactly the same thought process. It got my stuck there for a long time, but C and D just don't align with the basic demand-supply theory of goods, which i believe is more fundamental and important than functions of central banks in a managed economy. I put B but i agree this question is fucked.

i just hope we dont get penalised for their laziness to provide more info. i think i might get 17 in mc which im fine with cuz i really believe the toll q is b.
also with 19 now that i look back ye b is probs correct but i just cant get over the time lag that comes with it. 1 month implementation is too late to change an er that is managed daily. the only reason i put c is because it was correct in terms of accuracy idk

 

[JesusChriiii]

i just hope we dont get penalised for their laziness to provide more info. i think i might get 17 in mc which im fine with cuz i really believe the toll q is b.
also with 19 now that i look back ye b is probs correct but i just cant get over the time lag that comes with it. 1 month implementation is too late to change an er that is managed daily

I might end up with a similar score in mc. This year's mc is really bad-written, with a few questions that just are just wrong from nature and options that just can't be more vague...

 

[notme123]

I might end up with a similar score in mc. This year's mc is really bad-written, with a few questions that just are just wrong from nature and options that just can't be more vague...

i heard markers and exam writers always argue about answers to mc and depth of short answer so hopefully the markers throw a fit and allow leeway but thats super unlikely

 

[Siwel]

i heard markers and exam writers always argue about answers to mc and depth of short answer so hopefully the markers throw a fit and allow leeway but thats super unlikely

if they are nice they might give 2 answers but i really doubt it most of these mc we all just think too far into

 

[icycledough]

I'd say these types of videos or websites like Matrix are good for the M/C questions and subjects like Maths or Chemistry, where the question requires a numerical answer. For theory-heavy subjects like Economics, it's really hard to judge from a video for a short answer or extended response question how your response bodes in comparison.

 

[notme123]

ArtOfSmart did their own video and answered all the HSC Eco questions - haven't watched it, but they usually have a decent idea about what is going on tbh.

actually decided to watch the video and realized everyone I know got that tollway question wrong. that question is just terrible. an externality is an unintended side effect, that's what they were testing. but for something to be an externality it has to be a side effect in the first place. a,b or c can all be argued as not being externalities because they may not happen. yes, I believe d is the most correct answer because it mentions users but the hsc uses item analysis to back up their answers, and let me tell you d is not the most chosen answer and this question will most likely be a write-off.

 

[notme123]

like they said in the video though, the most far fetched and most vague answer is C. this question won’t be a write-off, if anything, they will give two answers, but C is definitely the answer. it is the only one that makes sense.

ok explain why a and b dont make sense
for me, a makes sense because a bypass will make cars less idle and thus less noise pollution on streets. b makes sense because a bypass will mean less cars are caught up at traffic lights on local roads, hence less traffic. i dont see how a highway can create more traffic.

 

[sab13562]

ok explain why a and b dont make sense
for me, a makes sense because a bypass will make cars less idle and thus less noise pollution on streets. b makes sense because a bypass will mean less cars are caught up at traffic lights on local roads, hence less traffic. i dont see how a highway can create more traffic.

I think it's B, because if there are tollways, then traffic will decrease significantly locally and therefore, B is not an externality. A is incorrect though, as tollways will increase noise pollution, I just read it on many websites such as this:

having a home near expressways may impact the quality of life of the residents because of increased exposure to noise and air pollution.

As for C, it is very debatable as some studies prove that it depreciates house prices while others prove that they cause property appreciation.

And D is completely wrong, as it is an intended consequence, and externalities are unintended side effects.

So I reckon there will be two answers for this MC, that is, B or C, but I'm leaning more towards B.

 

[notme123]

And D is completely wrong, as it is an intended consequence, and externalities are unintended side effects.

no d is correct because since its intended, its NOT an externality which is what the q is asking. this is what they tried to test but they did it poorly. they couldve chosen a better question for example: which of the following is not an externality for creating a port near a city:
A: more boat noise pollution
B: more oil pollution in oceans
C: increased trade flows to the city
D: increased incomes for workers on site

answer is obviously c cuz c is intended thus not an externality

 

[Jojofelyx]

Hey guys, we can't change answers now, can we? Its in the hands of the higher ups at the economics marking. Poopy question :\