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Yes, the fin review is a comprehensive source, I am not saying otherwise; I am just saying that for the purpose of HSC economics I wouldn't recommend for anyone to go to the trouble of buying it given that the broadsheets contain everything an HSC student would need (and are free online).

Check this out...

In terms of the daily broadsheets I prefer the Australian. The fin review is probably not necessary. Not only is it more expensive than the others, but they dont provide their articles online (so you can get most of the business pages for free for the broadsheets). Furthermore the fin review is...

The shaded area would be for anything assosciated with revenue (i.e. taxation revenue TQm) To find the quantity of imports, it is just the difference between domestic supply and domestic demand

Inflation refers to a general increase in prices. So yes, it could be true that input costs rise, but only in a nominal sense. Firms respond by raising their prices. But the point I was making is that the nominal effect (or in this case money wage growth) is not what matters for a business. What...

Well this is true. In fact given sticky wages (wages will never go down), inflation actually has the effect of lowering costs for businesses as real wages fall. This improves competitiveness and MAY expand production, although this rarely happens as it needs to occur over a sustained period for...

I think that perhaps it is important to add one more thing. Read on if you want to impress the marker regarding fiscal policy in 2008/09. This thread has largely discussed 'stance' which essentially means what it was intended to do to the economy at the tiime of its delivery. Earlier in the...

Well in economics, production costs are not what counts. It is opportunity cost. Production costs are a sunk cost - i.e. youve paid it and cannot get it back. By all means if the price falls below production costs you might cease future production (this would would in fact represent a movement...

all hedging means is to minimise risk. in a financial context this is usually done by garunteeing the price, or supply for a fee. but more generally it could be used in other ways, for example you might hedge yourself against the risk of falling over by wearing a sturdy pair of shoes. But as you...

Id like to say something about regulation. This crisis was not caused by a lack of regulation; but rather poorly defined property rights; and in particular the ownership of risk. Many commentators have taken the opportunity to say this is a case of market failure that needs some kind of...

http://community.boredofstudies.org/showthread.php?t=184901

this is incorrect

And in the scheme of things 4.3% isn't that high. Some central banks have an upper point of 5% as their inflation target. Many others have 4%. Ours just seems alarming because we have defined 2-3% as ours.

This is a very good question. Ive discussed it before in a few threads so you might like to check those out. But in a nutshell here is the answer: Firstly, inflation targeting can be thought of as "inflation forecast targeting". So in other words the inflation rate that we have now is...

I think this post points out a rather big misconception about subsidies. That is, that by nature they reduce prices. This is incorrect. The goal of a subsidy is to allow domestic producers to compete at the global price level. Indeed if you look at the standard supply and demand...

Ok its important to recognise that there are two ways of looking at this crisis. There is the microeconomic component (i.e. what are the core reasons for the actual collapse) and the macroeconomic component (now that the collapse has taken place why has the shit hit the fan?). I will discuss...

Well yes that was the controversy regarding AWA's (i.e. they could negotiate away from the award) but lets not forget that AWA's dont exist anymore. For this reason you will not be asked about them (I would doubt)

I can say something about the leading edge textbook. At the time of publication a lot of policy details were still being worked out which is why it is brief. But it is important to realise that for the HSC you dont really need to know the specifics (but of course you could throw it in an essay...

Because they need to in order to settle their debts to other banks. For example if St George customers withdraw from ANZ teller machines more than ANZ customers do the reverse, then St George will owe ANZ money (lets keep things simple by assuming an economy with only teller machines, but of...

Because some people have a preference for risk in certain situations (i.e. they gain utility from risk). People are instinctfully rational, its just that rationality is bounded. It is bounded by imperfect information amongst other things.