dr3amy
Member
- Joined
- Jun 26, 2004
- Messages
- 82
heres some essay questions from past papers to help you guys prepare, you can sort of see a pattern on the commonly asked areas
Essay questions
- Explain the costs & benefits of free trade & globalisation for the Aus economy
- analyse the consequences of a high level of foreign debt on the Aus economy
- Evaluate the reasons for international protectionists policies & discuss their impact on the Aus economy
- analyse how movements in $A influence the level of economic activity in the Aus economy
- CSSA 2002 stimulus:
*analyse the impact of globalisation on economic growth, quality of life & external stability
*Analyse the impact of recent changes in the value of the $A on the Aus economy
- CSSA 2002:
*Analyse the consequences of unemployment on individuals, firms & govts
*Analyse the policy options available to the Aus govt to achieve its economic objectives
- leading edge 2004 stimulus:
*Discuss the factors that influence the value of the ex rate & the impact of these ex rate fluctatoins on the Aus economy
* in relation to the Aus economy discuss the nature of the BOP and the economic policies used to address the BOP issues
- 2004 leading edge
* examine the conflicts the Aus govt faces in achieving its economic objectives
* Examine the impact of that globalisation hashad on the development strategies in an economy other than Aus
- CSSA 2001 stimulus:
* Explain why a macroeconomic AND microeconomic response is necessary to address the problems of CAD & inflation
Ans could includ:
- consideration of long term & short policy responses
-role of monetary policy in demand management
- role of fiscal consolidation in addressing the savings/investment imbalance
- failure of traditional macroeconomic policy to address Aus' CAD
- role of microeconomic policy in promoting structural change
* Explain why the AUs govt is restricted in simultaneously achieving its economic objects
Ans could include
- identification of objectives: economic growth, full employment, price stability, external stability, environment & distribution of income
- phillips curve analysis
- economic growth vs envir, CAD, inflation
- sturctural change, unemployment & distribution of income
- CSSA 2001
* Outline the indicators of globalisation & explain how globalisation has affected an economy other than AUs
Ans chould include:
- reference to trade & finanical flows, investment & tech, finance & labour
- Gross world product & international business cycle
- trading blocs & international org
- reference to a case study with consider of some the following: distribution of income & wealth, envir consequences, economic growth & deevelopment, TNCs & govt policy responses
* Explain why the Aus ex rate fluctuates & discuss the effect of these fluctations on the Aus economy
Ans
- demand & supply factors that determine ex rate
- supply & demand diagrams to illustrate floating ex rate
- apprec & depreci of ex rate
- role of RBA & impact of govt econ policy
- effects of ex rate fluctations eg. CAD inflation foreign debt bus confidence, economic activity, govt econ policy
- Explain the main features of the Aus BOP performance and analyse the impacts of a high CAD on the AUs economy
- In relation to the Aus economy discuss the relationships between the $A relative to the trends in exports and imports
- outline the current trade policy of AUs
- Analyse the economic costs & benefits of Aus reducing the levels of protection of Aus industry
- James Ruse 2001 stimulus
* Discuss the role of fiscal policy & monetary policy in Aus & assess their effectiveness in achieving the govt current economic objectives
* Evaluate the effectiveness of Aus govt policies both macro & micro designed to control inflation
- James Ruse 2001
* discuss the role of the global economy & the WTO in influencing Aus trade & financial flows and Aus trade policy
* describe the nature of the global economy & evaluate the impact of globalisation on the devleopment of an economy other than Aus
- Evaluate the effectivesness of micro economic policies in dealing with the problems of Aus economy in recent yrs
- analyse the impact of economic policies on Aus' economic performance in recent yrs
- discuss the consequences of a predicted global slowdown in economic activity on Aus households, firms & govt
- analyse the impacts that globalisation has had on the standard of living in the global economy over the past decade
- explain the role of economic policies in achieving price stability in Aus
- explain the role of monetary policy in achieving the goals of economic management in aus
- analyse the impact of globalisation on Aus internal & external stability
- analyse the impact of globalisation on an economy other than Aus
- 2003 independent stimulus:
* discuss the effectiveness of monetary policy & other economic policies in achieving price stability in aus
* discuss the use of fiscal policy in achieving the govt economic objectives in aus
- 2003 indep
* analyse the impact of globalisation on Aus. BOP & evaluate govt policies to improve Aus international competitiveness
* discuss the characteristics of globalisation & analyse its impact on the economic development & living standards of an economy other than Aus
Essay questions
- Explain the costs & benefits of free trade & globalisation for the Aus economy
- analyse the consequences of a high level of foreign debt on the Aus economy
- Evaluate the reasons for international protectionists policies & discuss their impact on the Aus economy
- analyse how movements in $A influence the level of economic activity in the Aus economy
- CSSA 2002 stimulus:
*analyse the impact of globalisation on economic growth, quality of life & external stability
*Analyse the impact of recent changes in the value of the $A on the Aus economy
- CSSA 2002:
*Analyse the consequences of unemployment on individuals, firms & govts
*Analyse the policy options available to the Aus govt to achieve its economic objectives
- leading edge 2004 stimulus:
*Discuss the factors that influence the value of the ex rate & the impact of these ex rate fluctatoins on the Aus economy
* in relation to the Aus economy discuss the nature of the BOP and the economic policies used to address the BOP issues
- 2004 leading edge
* examine the conflicts the Aus govt faces in achieving its economic objectives
* Examine the impact of that globalisation hashad on the development strategies in an economy other than Aus
- CSSA 2001 stimulus:
* Explain why a macroeconomic AND microeconomic response is necessary to address the problems of CAD & inflation
Ans could includ:
- consideration of long term & short policy responses
-role of monetary policy in demand management
- role of fiscal consolidation in addressing the savings/investment imbalance
- failure of traditional macroeconomic policy to address Aus' CAD
- role of microeconomic policy in promoting structural change
* Explain why the AUs govt is restricted in simultaneously achieving its economic objects
Ans could include
- identification of objectives: economic growth, full employment, price stability, external stability, environment & distribution of income
- phillips curve analysis
- economic growth vs envir, CAD, inflation
- sturctural change, unemployment & distribution of income
- CSSA 2001
* Outline the indicators of globalisation & explain how globalisation has affected an economy other than AUs
Ans chould include:
- reference to trade & finanical flows, investment & tech, finance & labour
- Gross world product & international business cycle
- trading blocs & international org
- reference to a case study with consider of some the following: distribution of income & wealth, envir consequences, economic growth & deevelopment, TNCs & govt policy responses
* Explain why the Aus ex rate fluctuates & discuss the effect of these fluctations on the Aus economy
Ans
- demand & supply factors that determine ex rate
- supply & demand diagrams to illustrate floating ex rate
- apprec & depreci of ex rate
- role of RBA & impact of govt econ policy
- effects of ex rate fluctations eg. CAD inflation foreign debt bus confidence, economic activity, govt econ policy
- Explain the main features of the Aus BOP performance and analyse the impacts of a high CAD on the AUs economy
- In relation to the Aus economy discuss the relationships between the $A relative to the trends in exports and imports
- outline the current trade policy of AUs
- Analyse the economic costs & benefits of Aus reducing the levels of protection of Aus industry
- James Ruse 2001 stimulus
* Discuss the role of fiscal policy & monetary policy in Aus & assess their effectiveness in achieving the govt current economic objectives
* Evaluate the effectiveness of Aus govt policies both macro & micro designed to control inflation
- James Ruse 2001
* discuss the role of the global economy & the WTO in influencing Aus trade & financial flows and Aus trade policy
* describe the nature of the global economy & evaluate the impact of globalisation on the devleopment of an economy other than Aus
- Evaluate the effectivesness of micro economic policies in dealing with the problems of Aus economy in recent yrs
- analyse the impact of economic policies on Aus' economic performance in recent yrs
- discuss the consequences of a predicted global slowdown in economic activity on Aus households, firms & govt
- analyse the impacts that globalisation has had on the standard of living in the global economy over the past decade
- explain the role of economic policies in achieving price stability in Aus
- explain the role of monetary policy in achieving the goals of economic management in aus
- analyse the impact of globalisation on Aus internal & external stability
- analyse the impact of globalisation on an economy other than Aus
- 2003 independent stimulus:
* discuss the effectiveness of monetary policy & other economic policies in achieving price stability in aus
* discuss the use of fiscal policy in achieving the govt economic objectives in aus
- 2003 indep
* analyse the impact of globalisation on Aus. BOP & evaluate govt policies to improve Aus international competitiveness
* discuss the characteristics of globalisation & analyse its impact on the economic development & living standards of an economy other than Aus
