Although I offered my essays up, i'm not going to post them on here, (largely because theyre illegible and I would have to type them, and after typing another essay from my trial and judging by the pages, theyre at least 1300 words each, ouch) But I'll post an outline of what I wrote, thats probably better anyway.
Discuss the consequences of a declining unemployment rate on the economic performance of the australian economy.
*ABS classifications of unemployed person & labour force. Then calculating unemployment rate. Employment goals of the government.
*Natural rate of unemployment. (link to stimulus, Ross Gittins NAIRU quote) Movements in NAIRU, differences between economies.
*link between the 3 sources, unemployment rates and labour utilisation.
*define labour utilisation, affect on industries & economic output
*relationship between unemployment & economic activity.
*characteristics of growth & unemployment throughout economy (consumer spending, investment, assert wealth, wages & social security)
*social security--> affect on government ---> fiscal ramifications of unemployment level --> infrastructure, tax etc
*distribution of income & wealth, affect of unemployed persons, affects of declining unemployment rates, Gini coefficient, lorenz curve
*conflict between economic objectives, inlfation & unemployment --> phillips curve (drew it) inverse relationship between inflation & unemployment.
*demand inflation, how declining unemployment creates demand inflation (^ consumption--> scarcity)
*discussion of inflation stimulus graph, & how this demonstrates the previous, fluctuations in the CPI & inflation rate corresponding to unemployment.
*under-employment, recent Austn trends towards this. 1/3 women under employed.
*difficulties measuring unemployment: under-employment, hidden unemployment.
*causes of hidden unemployment (3 paragraphs on this, waste of time)
*participation rate, implications of participation rate as opposed to unemployment rate.
*efficiency of the labour force.. affects of this on economy & distortion of unemployment rate --->
*cost inflation due to declining labour force efficiency ---> phillips curve
*conclusion: weigh up positive & negative consequences of unemployment.
My Japan essay is even longer, and because its specific to my case study, its really not worth my typing, just for your interest sake.
I got 93/100 in the CSSA trial, but I don't know whether our school marks easy or not, I topped the trial, but my school is ranked pretty shit (290 last year I think, but last years year 12 were really 'dumb' )