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General Thoughts - Economics (2 Viewers)

Tha Wishkah

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best paper, few MC threw me (14,18)
and the last question in short answer was a little shakey aswell


other than that i feel like i dominated
 

nerdtron

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yeah i thought the exam was pretty easy - although the multiple choice did cause some problems and the 3-mark question on net income was pretty gay i thought

but yeah the extended responses were gifts - i did the globalisation and monetary and added some of the stuff thats happening in the economy now to the monetary essay

but yeah it was fun :)
 

cccclaire

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hated this test.

All I studied for were the essays and they were piss easy.

Short answer was an absolute bitch
 

@who

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yea i agree with the general flow. Multy choice was dodgy in many ways due to the fact alot of the questions were not really specific which was a pain. i mean that lorenz curve one. WTF~:headbang::headbang::headbang::headbang::headbang:
 

snore

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i was shitting myself before the start of the day, modern and eco, but by the time i got to reading the eco paper i sat back and relaxed because the paper was so fucking easy.
 

risole91

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So i thought M/C was fucking hard as.
Short answer were simpleeee.
And essays questions were sweet.
Im guessing i got 78-82 raw.
 
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SA was the hardest part by far. MCQ/essays were ridiculously easy.

I feel like BOS is going very easy on us 08ers. So far the only test that I've heard has been harder than usual is 4U Maths.
 

petersuciu

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For the fiscal policy essay question did any1 mention other policies that could also be effective in achieving economics objectives?
 

karnage

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petersuciu said:
For the fiscal policy essay question did any1 mention other policies that could also be effective in achieving economics objectives?
Why?
 

Geohood

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I did for Monetary.. just 2 paragraphs on how Fiscal and Micro assist it and how they're most effective working together. meh thats what our teacher told us to do hes an ex senior hsc marker :D.. im just pissed I forgot bloody 'blunt instrument' and 'transmission mechanism'! - how much would I lose for forgetting those 2?
 
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RohanZ

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Geohood said:
I did for Monetary.. just 2 paragraphs on how Fiscal and Micro assist it and how they're most effective working together.

im just pissed I forgot bloody 'blunt instrument' and 'transmission mechanism'! - how much would I lose for forgetting those 2?
Yep, I did the monetary essay and i mentioned how we need to use a blend of monetary and fiscal to achieve our objectives.

At your 2nd line, I didn't mention those two, either. D:

EDIT: oh no, i did, i just didn't call it the transmission mechanism.
 
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Scissors

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i wrote my two essays and when i was going over my exam, and reading through my essays, i noticed the quotes and i almost shit myself. then i noticed that i sorta did mention the quotes, even though i didn't directly refer to them.
 

mathslover

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hked said:
i dont remember the question, but i think it said discuss ONE strategy they used

so it was like, u had to note the strategy, i.e SEZ, Open door policy etc. and then its effect .. ull get some marks dw
oh goodie.. i guessed open door policy:)
 

coins

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jacobkhoury said:
17 is C not A.
By increasing welfare payments the gini coefficient would decrease. The answer is A, as an increase in the percentage tax of the GST leads to a greater amount of income from lower income earners, thus increasing the gini coefficient.
 

cahillzy8

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RohanZ said:
this is true.
found most of the paper quite easy.
funny u say that mate.. cuz according to ur other comment u didnt even bring up the 'blunt instrument' part. so you obviously didnt even answer the question, cuz u cant evaluate the effectiveness of MP without discussing limitations. especially that one.

if u couldnt appreciate the difficulty of that paper then u can definately not expect to do well. if u can accept there were tricky parts in the short answer, especially in the 2 markers, and a lot of thought was needed for the essays then you'll probably come out alright.
 

RohanZ

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cahillzy8 said:
funny u say that mate.. cuz according to ur other comment u didnt even bring up the 'blunt instrument' part. so you obviously didnt even answer the question, cuz u cant evaluate the effectiveness of MP without discussing limitations. especially that one.

if u couldnt appreciate the difficulty of that paper then u can definately not expect to do well. if u can accept there were tricky parts in the short answer, especially in the 2 markers, and a lot of thought was needed for the essays then you'll probably come out alright.
I edited my post, blunt instrument was the only thing i didn't bring up.
and i'm not going to lie and say the paper was shit hard. It wasn't. I found the MCQ pretty decent and I'm sure i scored well with the Short answer. The essays were alright, too. I'd say at least 16+ for the first one and maybe around the same for my second one.
 

PeterRickards

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petersuciu said:
For the fiscal policy essay question did any1 mention other policies that could also be effective in achieving economics objectives?
thats meant to be pretty much 1/5 of ur essay yes...

that enables the market to see that u have properly evaluated effectiveness

i did monetary. however i did 2/3 pages on the fact that fiscal and micro can actually acheive certain objectes more efficiently than monetary.

what u did was definately right.
as long as u made a quick reference to something like time lags as well
 

layzeehbum

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i reckon mc is quite hard... it took me more than 15 min to finish that section...
i didnt expect that they would ask us to mention a particular country for a couple of the questions in the short answer (unfortunately i didnt memorise my case study so i had to make up lots of bullshit on the spot...hope it makes sense though )
the essays r ok i guess... except the last one (either fiscal and monetary). i chose monetary and rave on a lot about it until i read the question again which actually asks for the "effectiveness" of the policy.... i just hope that i do ok...
expecting at least 85...
 

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