Recent content by nickthebiscuit

lol that would be my mistake harry asked me what he got and i uhh incorrectly told the wrong number. i suppose an honest mistake to help out a good teacher

you noob. once a fortian always a fortian

looool i nubbed it - forgot to show up @ interview

How did everybody go? xD

I use bic cristal =] I never thought i'd use many pens in high school. The HSC redefines high school =P I go through like at least 15-20 pens a year =S

ouch ahah I also got rejected =P no surprise tho, felt crap after my interview =/

Couldn't help but notice the title of this thread: "differentiation" =P

Yep, the four-sector model is just the model of a closed economy, ie. no international sector.

For the use of prelim/HSC course, im sure the syllabus differentiates them, so using monopolistic competition interchangeably with oligopoly would be a tragic mistake, even if it is a special case of oligopoly.

Monopolistic competition is NOT an oligopoly! they are two different market structures, an oligopoly has a few large dominating firms. monpolistic competition has considerably smaller sized firms but they sell differentiated products. monopolistic competition varies from perfect because their...

For the first two qs show that the 2nd derivative = -w^2 x ie. differentiate twice n then manipulate to get into that form as for the 2nd q, cbb =P somebody else can do it =]

interest rates have nothing to do with fiscal stance interest rates = monetary policy budget = fiscal policy

It's all relative, and my examples were hypotheticals ;)

Economics in yr 12 is more applied to the "real word" out there in the global economy. You start applying concepts/theory you learnt in yr 11, and its a given that you have your economics skills under your belt by that time. If not, there's still time to fix it up~ As for studying for eco, my...

I'm just going to write some policies, you can expand on them for your essay/research them. - Progressive taxation system -> the more you earn the more tax you pay - Transfer payments -> social security and the like - Compulsory superannuation -> ensures that people will have money when they...