Sections III, IV - Extended Response (3 Viewers)

[Rafy]

Post your thoughts on the 4 extended response options.

How did you go? Which 2 questions did you choose?

 

[Lucas_]

Pretty sick questions

 

[OneDirection13]

I had one hour for each..bullshitted 5 pages on one and 2 on the other...stared at the lovely photos on for half the time :L

 

[asadass]

Spent 1hr 10minutes on the effectiveness of policies and 50minutes on BoP
Such nice questions

 

[Engen]

After ringing up the board last night and telling them this:

'I don't know who you are. I don't know what you want. If you are looking for ransom, I can tell you I don't have money. But what I do have are a very particular set of skills; skills I have acquired over a very long career. Skills that make me a nightmare for people like you. If you make economics easy now, that'll be the end of it. I will not look for you, I will not pursue you. But if you don't, I will look for you, I will find you, and I will kill you.'

I guess they had a change of thought during the night at had all those thousands of papers reprinted and sent via couriers in the middle of the night.

1 hour 5 mins each essay. 5 mins of planning, 60 mins of econ raep.

/economics

 

[User12]

Awesome extended response questions, over 1hr each. 3hr exams suck tho

 

[paddydbarry]

does this sound okay for Q 25 guys??


Talk about changing industry production.
- Moving away from manufacturing
- Moving away from Agg.
- due to the GLOBALISATION PROCESs
- removal of import tarrifs
- introduction of FTAs, SEATO
- Importance of WTO in promoting trade
- Talk about how that effects COMPARATIVE ADVANTAGE & OPPORTUNITY COST

Then refer to china Growing population and how they are sourcing us for education (for our eduction)
Education industry grow

More efficient Mining industry

and less based instudies under threat due Asian countries becoming more specialised and our appreciated exchange rate

 

[cookeemonstah]

'I don't know who you are. I don't know what you want. If you are looking for ransom, I can tell you I don't have money. But what I do have are a very particular set of skills; skills I have acquired over a very long career. Skills that make me a nightmare for people like you. If you make economics easy now, that'll be the end of it. I will not look for you, I will not pursue you. But if you don't, I will look for you, I will find you, and I will kill you.'

Taken, i liek

 

[choiyokbao]

really surprised there was no labour market or environmental extend response :O

 

[osak23]

for question 25

for the 'impacts'
did u have to say impacts of a high cad ..??

i just broke essay into 2 sections after definitions etc..
npy account
low national savings---> globallisation +deregulation of fin sector--> increase foreign debt --> increase npy debits etc etc and mae reference to china and japan

and then bogs..
narrow export base--> linked with int business cycle--> slowing growth from china--> t.o.t decreae--> bogs decrease
and dutch disease et

is dat all guyz/?/
and i didnt rly refer to stimulus.........noooooo

 

[paddydbarry]

What was question 25?

 

[Bored_of_HSC]

does this sound okay for Q 25 guys??


Talk about changing industry production.
- Moving away from manufacturing
- Moving away from Agg.
- due to the GLOBALISATION PROCESs
- removal of import tarrifs
- introduction of FTAs, SEATO
- Importance of WTO in promoting trade
- Talk about how that effects COMPARATIVE ADVANTAGE & OPPORTUNITY COST

Then refer to china Growing population and how they are sourcing us for education (for our eduction)
Education industry grow

More efficient Mining industry

and less based instudies under threat due Asian countries becoming more specialised and our appreciated exchange rate

Yeah that's good.

Didn't do too much on appreciated exchange rate, just linked it with the decline in the other industry's. Also didn't go too in depth into trade agreements hahah.

 

[will_]

for question 25

for the 'impacts'
did u have to say impacts of a high cad ..??

i just broke essay into 2 sections after definitions etc..
npy account
low national savings---> globallisation +deregulation of fin sector--> increase foreign debt --> increase npy debits etc etc and mae reference to china and japan

and then bogs..
narrow export base--> linked with int business cycle--> slowing growth from china--> t.o.t decreae--> bogs decrease
and dutch disease et

is dat all guyz/?/
and i didnt rly refer to stimulus.........noooooo

fark i structured mine completely different. i just wrote out the typical bop essay and extended upon global cycle stuff and recent shit such as resource boom

were we expected to talk about financial deregulation?

 

[CommunityFan]

really surprised there was no labour market or environmental extend response :O

well... in question 28 with the economic objectives you do have to mention the environmental stuff so it's already incorporated there I did that but I ran out of time when I'm halfway describing microeconomics so i just rushed it

otherwise Q26 was really broad but I narrow it down on globalisation impact, structural reform, trading blocs and stuff, and fiscal policies of government and some bits with influences on those policies and allrounders stuff overall I think I should relatively do well in extended response

I was surprised that despite the broadness of the question you could relatively narrow that down and LOL I was not prepared to talk extensively about China so yeah YOLO!!

 

[Kieran95]

Q25 was brilliant. Q28 had far too much content to write about in one hour though, and there was no way i was going to attempt case study :/

 

[deswa1]

I did case study and balance of payments- were nice questions.

 

[CommunityFan]

Haha I'm not confident with CAD stuff thats why

this should be a good CAD comic relief though

 

[osak23]

hey deswa

what was your structure for cad??

 

[Lavi]

hey deswa

what was your structure for cad??

yeah...I thought I had lots to talk about for the BOP but I managed to only write a few pages I'm curious too as to what other people wrote..and Q28 was so broad I don't know if I really had a coherent structure but I guess the info was good

 

[deswa1]

For CAD, these were the points I hit- I used examples from the dot com bubble, first resources boom, GFC, mining boom, and Euro debt crisis throughout

BOGS- global growth -> exports, commodity prices, our exchange rate, our domestic growth -> imports
Net primary income -> Global interest rates, exchange rate, growth rate
Financial account -> Interest rate differentials, global investor sentiment

I think that's all I wrote about- may have missed some stuff.