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That is the idea of this thread, seeing as we have a little exam in a couple of weeks, and part of the course is global economy. So whatever anyone can 'shove in' might be handy in a few weeks.

Righto then, throw away that idea. Any suggestions of ways to save time?

Anyone thinking of starting with q7 and q8 in the exam? Im considering it if i keep finishing just short of time in practice papers...

Our shocking external stability (record CAD and net foreign debt) has a bit to do with the fall, among hundreds of other factors, as Aus is heavily exposed to global influences. Drop in $A reflects speculators getting nervous about investing in countries with poor external stability, so $A drops...

Would the removal of protection to domestic industries in the past decades be a microeconomic or macroeconomic reform? Some sources are saying macro because it affects the economy as a whole, whereas others say micro because it results in structural change in inefficient industries.

Ok thanks. So would this result in stagflation, or would the slowing economy and rising unemployment bring down the inflation rate???

Wondering what the impacts of capital flight would be?

supply $A = demand $A M + income/transfer debits + savings outflow = X + income/transfer credits + savings inflow M - X + income/transfer (debits -credits) = savings (inflow - outflow) negative current account balance = positive capital and financial account balance current account +...

Hey, would be good if anyone could post the solution to q8 a ii and iv from the 2002 exam? Cheers