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I think it is important to recognise a few things... Firstly the current financial crisis is as the name suggests a financial crisis. Australian businesses and investment opportunities remain strong which means that we are not likely to head into a recession. The real issue here has been the...

Here is a detailed account of Australia's historical UCB levels.

In most cases (with allowance for some variation) the world price and the domestic price is the same (otherwise there must be some non price competition involved which would make the need for a subsidy redundant). i.e. we cannot charge a different price to the world price otherwise everyone...

thats kind of the point. He's a journalist not an economist... The fact that you identify him above all other writers in the field is kind of laughable.

All first year subjects are like this. They have like 1000 students and they dont have the staff to appropriately teach it, so they use honours students etc. second and third year units get better, and I personally think the economics division stands out within the efs division (as being of a...

Thats not true. Threres at least three units that deal with these issues. For sure, HET aint compulsory, but if you're into friedman you would value being able to be "free to choose"

I think that whilst the HSC course is a reasonable enough course for someone who will never study economics ever again, it is not a good introduction for someone who would be looking to study it at university. The HSC course contains zero microeconomics which is unfortunate. Subsequently many...

It all depends which way you look at it... When you want to look at the immediate effect of the budget you look at the underlying cash balance because it essentially tells you whats happening here and now (not thats planned to happen in a few years). This will give you an idea what the...

Your 'marker' is incorrect and deserves a slap on the wrist! The worst thing is that you probably have a stubborn teacher who will keep coming up with some reason as to why they are right and why you are wrong just to maintain their reputation (rather than doing the right thing and giving you...

Just thought i'd post this for fun... Ian Thorpe will be a first year macqurie student next semester. He will be an on campus student as well. I cant imagine being in his lectures or tutorials....

The ABS should have everything you would ever need and will definately have a time series back to 2000 (and it will be available free of charge). This does not mean that the ABS will present the data exactly how you might like to view it. For example the ABS does not produce a time series of...

I think some points have been lost or misrepresented... A subsidy itself will not lower the price. It merely allows domestic producers to compete with foreign producers at the market equilibrium price. The world price is not influenced by a subsidy in Australia. So to say a subsidy will...

Super reforms are a micro policy. Basically anything that ISN"T fiscal policy or monetary policy is a micro reform.

@1 & 2 - I may be wrong in doing so, I tend to change words a bit in context, and this can change the entire meaning of the sentences I am writing. Yes we'll just make sure that this is clarified @3 - Can you provide me with some current issues that will affect the way the RBA's role in...

A few critiques: 1 - the board doesn't take into consideration the supply and demand of funds to dertermine the cash rate. This is worked out daily in order to meet the cash rate, and is not dont by the board, but by to the footsoldiers within the bank. The monthly board meeting is to decide...

Well probably first things first, it is good to define what is meant by sustainable economic growth. Generally in this context we refer to growth that does not cause excessive inflation nor external stablility. Politically it is nice for politicians to point out that our "sustainable rate...

Well cast your mind back to the definition of a budget. It is essentially a forecast. In the context to fiscal policy its a forecast of revenues and expenditures for the upcoming year. At the time of planning a budget, they have to make a prediction of what each component will be. for...

Anyone doing econ311? I wanna know who the lecturer is now that bill junor has retired. He was a great lecturer and I know this unit will never be the same.

I would like to clarify a few points in this thread. 1 - Don't use case studies in your short answer. This doesn't help you, it only makes it harder to answer the question. You should be trying to answer the question succinctly. Adding in non-stimulus information only makes this task harder...

Well generally it just means unconsumed production. So if you have a factory that produces steel but you only sell half of the steel that you have produced you have a build up of stocks. When you say 'stocks will decrease' it just means that previously unconsumed produce is being consumed. So...