ATAR Notes: Forum

VCE Stuff => VCE Business Studies => VCE Subjects + Help => VCE Economics => Topic started by: soldier_on16 on August 23, 2011, 09:12:22 am

Title: Which is the best Microeconomic reform to focus on?
Post by: soldier_on16 on August 23, 2011, 09:12:22 am

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?

Title: Re: Which is the best Microeconomic reform to focus on?
Post by: sam.utute on August 23, 2011, 11:13:56 am

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.

Title: Re: Which is the best Microeconomic reform to focus on?
Post by: soldier_on16 on August 23, 2011, 09:36:31 pm

Ah alrighty, thanks heaps! :D

Title: Re: Which is the best Microeconomic reform to focus on?
Post by: chrisjb on September 02, 2011, 09:41:12 pm

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)

Title: Re: Which is the best Microeconomic reform to focus on?
Post by: Hutchoo on September 07, 2011, 07:36:41 pm

Trade liberalisation for the win =)

Title: Re: Which is the best Microeconomic reform to focus on?
Post by: Will0990 on September 18, 2013, 09:51:41 pm

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

Title: Re: Which is the best Microeconomic reform to focus on?
Post by: chasej on September 19, 2013, 01:43:39 am

Quote from: soldier_on16 on August 23, 2011, 09:12:22 am

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).

Title: Re: Which is the best Microeconomic reform to focus on?
Post by: Professor Polonsky on September 19, 2013, 02:05:04 am

*sigh* neoliberal propaganda embedded in secondary schooling