Related text is something related to your module or rubic, im guessing thats something related to change.
Could me a movie, photo, book, cartoon who knows. Just aslong as it has change in it.
Ill briefly list them out if you need more explination then say so.
Benefit of Free floating
- reflects the dollars underlying trade and investment position
- automatically balances the BOP i.e. acts as an automatic stabiliser for E/G
Cost
-creates uncertainity and volatitly resulting in...
Alrite ill try my best in colloquial.
Basically we have shit coming in and out (M and X). So each country has a different proportion of M and X coming in and out of Australia and to their country. The TWI takes into account how much of trade each country has with China now our largest trading...
Describe two economic effects that the protection of domestic industries has on global trade. (2 marks)
Higher level protection on domestic industries will promote inefficiency within these domestic industries, thus causing a reduced amount of global trade.
Higher protection on domestic...
Sometimes i get the Economist. However its a little complicated at times, to advanced for my limited HSC economics knowledge.
Usually cut out Ross Gitten articles, i always find them a good interesting read and benefical considering hes on the HSC Economics Syllabus Board :)
And thats about it.
Bilateral - simply one currency measured in terms of another. i.e. $AUD 1 = $US 0.94
TWI - Trade Weighted Index - AUD measured against a basket of its 23 largest trading partners, measured according to each countries size of trade.
Fuck memorise notes. You onyl remember 10% of it.
Do all the short answer questions you can find. Boo fucking yeh it will get drilled into your head in no time. Use notes as somewhat dictionary where you can check up stuff you don't know.
And you should be slightly better off than trying to...
Basically; all questions are the same. In the end, you are answering the rubic, that is, you have to talk about context within 17th century and 1960s. Talk about themes/values of both texts; and language. Then relate back how they represent context.
The intro/concluding paragraphs should be...
Prelim is fucking boring. All i need to absorb from it is; demand and supply. I learnt that economics is basically based on demand and supply, its interelated into a lot of things.
Now, the HSC topic is very interesting. Relates more to the global economy and why things in the world are...
By recent i'd say last couple of years.
Might be worth to mention what happened in 2001; very important year, loads to talk about. Ie, end of dot.com boom/september 11 -> Au dollar reachers $0.48 US -> BOGS surplus.
Then you can talk about now.
24 year high AU dollar due to shit such as...
I went to some shit lecture by TSFX. They said one thing that caught my mind; when you write notes and study in silence you only absorb 10%. If you use visual aids, 20%. 80% will be retained if you verbally say it, they advised me to buy a fucking doll and pretend i was teaching it. I lol'd...