Which is the best Microeconomic reform to focus on?

[soldier_on16]

Just wondering what's the easiest or best Microeconomic reform to focus on out of the four. I understand that we need general knowledge on all of them, but what are people specialising in particularly for the exam?

[sam.utute]

The majority of the state will be doing Trade Liberalisation, as it is by far the easiest (has the least amount of content).

I would definitely recommend you focus on it.

[soldier_on16]

Ah alrighty, thanks heaps!

[chrisjb]

For anyone who does International Studies, I recommend doing trade liberalisation even if your school isn't teaching it. It's pretty much AOS1 of Interstudies refined into a single dotpoint.


(and with all the stuff about WB, IMF, WTO, UN and internationalism cut out)

[Hutchoo]

Trade liberalisation for the win =)

[Will0990]

If you do busman, then labour market reform is good because of the high level of overlap. Otherwise, yeah trade lib

[chasej]

general knowledge on all of them

Are you sure? I can't seem to find anything that says that in the U4 aos2 study design. Unless you are referring to some of the key knowledge from earlier areas of studies?


Anyway. My class did national competition policy. I wasn't a fan at first but it's grown on me and it's probably my favourite out of all of them because of it's simplicity. It's basically: competition-->firms fight to remain competitive-->by reducing prices or increasing quality-->through productivity/efficiency gains-->etc. (of course learning a few policy examples as well).

[Professor Polonsky]

*sigh* neoliberal propaganda embedded in secondary schooling