General Thoughts: Economics (1 Viewer)

atargainz

Active Member
Joined
Jun 22, 2015
Messages
289
Gender
Male
HSC
2015
and i wrote 4:thrust:

wouldn't 20 be like 3000 words
20 with "small to medium" handwriting will be more like 5000 lol, I wrote 5 pages with about 12-15 words per line which is approx 1k-1.1k
 

sadpwner

Member
Joined
Feb 12, 2013
Messages
242
Gender
Male
HSC
N/A
Dude the international division of labour was fucking specialisation of labour you retards. It's about comparable advantage. I don't know what you guys are on about.
 

teridax

Well-Known Member
Joined
Oct 3, 2014
Messages
609
Gender
Undisclosed
HSC
N/A
Dude the international division of labour was fucking specialisation of labour you retards. It's about comparable advantage. I don't know what you guys are on about.
Sorta, but you didn't really need to cite specialisation of labour, so much as international division of labour which is precisely what the short answer question is asking. But dude:

>says it's about comparable advantage
>doesn't realise such a term doesn't exist
>realises it's comparative
>realises the irony of his claim
 

sadpwner

Member
Joined
Feb 12, 2013
Messages
242
Gender
Male
HSC
N/A
Sorta, but you didn't really need to cite specialisation of labour. But dude:

>says it's about comparable advantage
>doesn't realise such a term doesn't exist
>inb4 realises it's comparative
>inb4 realises his mistake and engages in philosophical rhetoric

lol
I wrote comparative advantage in the exam. Just misspelled it here. lol. Specialisation of labour is one of the things you can mention. I wrote about a few shit.
 

teridax

Well-Known Member
Joined
Oct 3, 2014
Messages
609
Gender
Undisclosed
HSC
N/A
I wrote comparative advantage in the exam. Just misspelled it here. lol. Specialisation of labour is one of the things you can mention. I wrote about a few shit.
fair enough, but no need to vent it lol
 

Zlatman

Member
Joined
Nov 4, 2014
Messages
73
Gender
Male
HSC
2015
I thought I went okay, but man, after reading some of the comments on here!

I think I got 18 for MC (forgot to count reserve assets, rip), which I'm alright with, and the short answers and essays were okay, so I hope I managed to write some decent answers for those.

On the bright side, it's done! Well done everyone!
 

internetgirl

New Member
Joined
Feb 26, 2014
Messages
4
Gender
Undisclosed
HSC
2015
How were we suppose to answer that NAIRU question? I didn't know what to write and only briefly knew what the NAIRU was.
 

HecticSandWitch

2007 fuccboi hustler king
Joined
Apr 4, 2014
Messages
527
Location
Oregon
Gender
Male
HSC
2015
How were we suppose to answer that NAIRU question? I didn't know what to write and only briefly knew what the NAIRU was.
You use your knowledge of the philips curve and/or the short term inverse relationship between unemployment and inflation.
 

malcolm21

Active Member
Joined
Nov 7, 2014
Messages
437
Gender
Male
HSC
N/A
Since the question asked for 'policy implications' I said that macro policies would not lower NAIRU, but only Micro do
me too, i said using macro policies only reduce u/e in the short term, but then just increase inflation. therefore mer msut be implemented blah
 

aanthnnyyy

Active Member
Joined
Feb 10, 2014
Messages
289
Gender
Male
HSC
2015
me too, i said using macro policies only reduce u/e in the short term, but then just increase inflation. therefore mer msut be implemented blah
Zzzz I think I woulda got 4/5 cos I didn't explain NAIRU.- because in my answer I assumed we all knew what NAIRU was. Stupid mistakes ffs.
 

Tsonga

New Member
Joined
Oct 26, 2014
Messages
23
Gender
Male
HSC
2015
As well as micro policies I said fiscal policy can be used for retraining programs
 

HecticSandWitch

2007 fuccboi hustler king
Joined
Apr 4, 2014
Messages
527
Location
Oregon
Gender
Male
HSC
2015
Since the question asked for 'policy implications' I said that macro policies would not lower NAIRU, but only Micro do
This is correct. You had to state that macro policies would lead only to increased inflation and a short term decrease in unemployment whilst micro policies will bring down the structural level of unemployment :)
 

Users Who Are Viewing This Thread (Users: 0, Guests: 1)

Top