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NP I think the problem with textbooks / workshops is that they are generic tools. With economics, different concepts are easier / harder depending on the person. Some people have a better ability to think abstractly and do better in more theoretical concepts, while others think more...

Go listen to green day you wanker Sigur ros are shit as well

Best way to think of this is as follows.... In most economies we have inflation, which as we know - refers to increasing prices. If I earn $100 in one year, and $100 in the next, despite the fact that I am still earning the same income; my purchasing power has decreased, as prices rise under...

30 (CAD) = 10 (capital acc) + 7 (portfolio inv) + 6 (direct inv) + ? (other investments) + 3 (reserv. assets) + 1 (net errors and omissions) Adding each of those to...

Yes slash would be cool... But he isn't To all those going - look forward to it! its worth looking forward to! I flew to america to see them last year. Best concert! haha (i might be biased). I got to see slash n them with VR, and also got a nice surprise to see camp freddy which has GNR...

a 5 year old who can count to 10 would have all the maths required in economics Its only in uni when a good grasp of differential calculus, and statistics is necessary. HSC economics is 99% qualitative. There are questions that require you to calculate simple things based on equations that...

You are incorrect Monopolistic competition need not be an occurance in an oligopoly market. Monopolistic competition does focus on differentiation, but makes no implication on the level of competition in the market otherwise. Good example is Hotels. This is an example of monopolistic...

I think your view is based on assumptions that are completely fanciful. Do you honestly believe in a modern services economy employers view their employees as slaves? Sheesh. Everytime I hear the hammer and sickle come out I instantly want to cringe. To everyone else - Workchoices is good! ;)

This information is a bit misleading - and is not accurate. ----------- In the last two (or three) decades australia has gone through an evolution of industrial relations reforms. 1 - 80's - Hawke / Keating - Accord - Agreement by unions to accept steady wage rises (as a result of a...

Economics has long sought the answer to these questions! In looking at partial equilibrium for a one good model, you simply need to look at the comparative statics of the mathematical (or diagramatic - in the case of the HSC) model. That does not necessarily mean its of any particular use...

Well I think the problems are isolated to particular lines, and times of day. There are also questions over the contingencies of cityrail. Its possible that you've not experienced delays but many people dont have that same luxury, and have to put up with both overcrowded, unairconditioned...

hah Yeah Id love it if they got rid of them.. I hate bureacraZy Only problem though, is that politically, labor are confusing the electorate by saying that it is going to be police and nurses who get the sack (which is totally false).

Yeah but that was for different reasons. I dont claim that privitisation is anything other than unpopular, but I do believe it can be used to political advantage if used correctly. Nonetheless I believe it to be more popular than 20 000 job cuts (although this is not debnams plan, it...

Privatising is not popular, no it isn't but NSW doesn't need a conservative (economically) opposition that doesn't want to do anything different than the currently unpopular government. Privatisation is a signal of change, and thats what people want - and whilst it would be unpopular, I believe...

Chris Pyne deserved to be promoted...

The bottom line is that Labor need to go... AND the liberals arent showing themselves as a viable alternative. I put the election loss (im predicting the future of course) down to two things: 1 - Leader - oppositions always need someone that people identify with, and at very least...

For a number of reasons: - He challenged the keynesian notion of governments spending more in times of recession and less in more prosperous times. - He heightened the use of monetary policy as the main instrument for economic management - He paved the way for inflation targeting by...

yes, which he won not for his theories on monetarism, but for his theory of consumption.

Mr Friedman was my favourite economist. Not so much for his academic career, but his general philosophies.

My favourite economist died aged 94 :( All you younguns unfortunately dont get to hear too much from him because the HSC course is a particularly leftist course based on out of date keynesian principles. I would encourage those who have an interest in economics to check out what Milton...