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i'd say NIC.....but am happy to be corrected :)

i have never heard of them before, and they are not mentioned at all in the syllabus......there is absolutely no way you would need to know what they meant for the hsc...... nevertheless, it could be handy come extended response time if you can drop in a few pieces of economic jargon like...

yep thats basically it....they are the different categories under the keynsian model i.e. Aggregate Demand = C + I + G + (X - M) then for further analysis you would go into what affects each one of those categories

here is the definitive answer to why the BOP = 0 under a floating exchange rate system Supply of $A Payments for imports (M) Income/transfer debits (Y debits) Capital and financial outflow (K outflow) Demand for $A Receipts for exports (X) Income/transfer credits (Y credits)...

this is copied straight from my notes: Time comparison (time-series analysis) time comparison involves comparing information from the current period with previous period. It will reveal improving or declining trends and whether the current periods figures are acceptable. Industry averages...

precisely correct :)

have a read of this thread....it explains a lot about the bop http://www.boredofstudies.org/community/showthread.php?s=&threadid=19473

it basically measures how much one unit of currency in one country can buy i.e. the purchasing power, and then it compares this to the purchasing power of other currencies.....does this help??

the key thing to the philips curve is that it is only in the short term...

hav a look at this: http://www.boredofstudies.org/community/showthread.php?s=&threadid=19473

thats not entirely correct....the TOT measures export prices relative to import prices....it has nothing to do with the actual quantities of imports and exports

1) it's better if you dont....u really should not be saying 'we' or 'our' at all in your essays 2) the cash rate is what the rba sets, and interest rates are what normal banks set and are also what we pay 3) i am not sure what u r saying....but when economists talk about changes in...

whoa truly!

i concur with TIB :)...the answer is definitely financial

where did u get that idea?? they are quite significant (or at least they will be in the long term)

i thought it had to do with making deals or something (i only vaguely remember reading about it).....something about zero games i.e. nobody wins, one games i.e. one person wins, 2 games, both parties win this could be something completely unrelated, just thought id post it anyway :D

advice :p

they signed it only a couple of days ago...in the last few months, we also signed one with singapore (actually it was a while ago...about 6 months) it is important to follow these sort of things because they can be directly linked into your essays i.e. if you had a question that said 'discuss...

1. Multiple Choice 2. Short answers 3. Report 4. Extended response same structure as the exam...

you can actually never find out how much your raw exam mark changes, however you can see what the hsc mark scales to for uai calculation, and that scaling is not very good...