Exam help please!!

[lachie077]

Can anyone give me some basic arguments for my half yearly economics essay. I would be happy to share notes if possible

~ Impact of globalisation on strategies by governments to increase economic development


Thanks!!!

[Empathy]

Sorry if this is too late; I haven't done my pretrials yet and hopefully this will still help! What country are you using for your case study?

[Spencerr]

A few things to consider: (i'm assuming strategies in relation to globalisation)

Free trade agreements
Removal of protectionist policies
Joining international organisations such as the WTO

Deregulation of financial markets
Removal of capital controls/ restrictions on the movement of capital
Removal of FDI limits (some countries had limits on the percentage that a business could belong to foreign shareholders)
Floating the exchange rate

[birdwing341]

For me I would break it down into different policy areas; economic growth, economic development, trade, financial flows and investment, environmental sustainability, and then research a specific policy for each area in regards to your selected country.

Given the question relates to economic development as a broader theme, I would still prepare these individual sections (as in the HSC you don't know what the question will be), but look at how they link with economic development. e.g. trade liberalisation causes a greater supply of and variety of cheaper (and possibly higher quality) goods, thereby increasing the real incomes of individuals and allowing their living standards to rise.

Hope that helps!

[Spencerr]

Also point out where they have negatively impacted on the country i.e. pollution, income inequality, worker exploitation, HDI decreases, environmental degradation

[conic curve]

Since I have no idea where else I can post this question, I'll post it in this thread

I'm kinda struggling to understand this question

If the chocolate bars decreased, what would be the most likely effect?

[jamonwindeyer]

Since I have no idea where else I can post this question, I'll post it in this thread

I'm kinda struggling to understand this question

If the chocolate bars decreased, what would be the most likely effect?

I am genuinely curious, do Economics students study chocolate bars, or is there a chunk missing from this question?  maybe I took the wrong HSC subject...

[conic curve]

I am genuinely curious, do Economics students study chocolate bars, or is there a chunk missing from this question?  maybe I took the wrong HSC subject...

hahahahaha, yeah sorry my bad   

No it was a multiple choice question on demand. This was the question:

If the price of chocolate bars decreased, what would be the most likely effect?
a. A contraction in demand
b. An increase in demand for chocolate bars
c. A decrease in demand for chocolate bars
d. An expansion in demand for chocolate bars

[Essej]

hahahahaha, yeah sorry my bad   

No it was a multiple choice question on demand. This was the question:

If the price of chocolate bars decreased, what would be the most likely effect?
a. A contraction in demand
b. An increase in demand for chocolate bars
c. A decrease in demand for chocolate bars
d. An expansion in demand for chocolate bars

Why do you think economics scales so well Jamon??

Hi conic! Is this from the year 11 syllabus? Seems like it is from the first topic where you are introduced the laws of demand and supply.

We know that non-price factors are the ones that cause a shift in the demand curve, so that rules out your increase/decrease (which are synonymous with 'shift'), leaving expansion and contraction as your last two possible answers. Pursuant to the law of demand, as price decreases demand increases, so therefore there is an expansion along the curve, leaving d) as the correct answer

[conic curve]

Why do you think economics scales so well Jamon??

Hi conic! Is this from the year 11 syllabus? Seems like it is from the first topic where you are introduced the laws of demand and supply.

We know that non-price factors are the ones that cause a shift in the demand curve, so that rules out your increase/decrease (which are synonymous with 'shift'), leaving expansion and contraction as your last two possible answers. Pursuant to the law of demand, as price decreases demand increases, so therefore there is an expansion along the curve, leaving d) as the correct answer

Yeah it is, it's from markets

Thanks for your help