Economics

Just another WordPress.com site

  • Visitors

Archive for August, 2010

Inflationary pressures – now and in 10 years time

Posted by shartley13 on August 31, 2010

Inflationary pressures will mean that the price of everyday living will increase both now and in ten years time. If wages fail to rise with inflation then the real cost of living will increase causing a decrease in the standard of living. Interest rates rising will make money less available and more expensive, although this will not affect me in the short term as I have a limited need to borrow money, however in ten years’ time I may be looking to purchase a house and this would require a mortgage. Paying off a mortgage with a high interest rate is much more expensive and therefore may delay me purchasing a property.

-LR

Advertisements

Posted in Inflation | Leave a Comment »

Australia’s Trade

Posted by shartley13 on August 30, 2010

Australia's production and trade

Posted in Trade | Tagged: , , , , | Leave a Comment »

Why did I choose Economics?

Posted by shartley13 on August 27, 2010

I chose to do Economics in Year 12 for several reasons:

  • I was doing better at Economics than Physics in Year 11
  • I enjoy the theory and thought behind the mechanics of economies
  • I believe that the knowledge that economics provides is useful in the real world, even if I enter into an unrelated career, which will likely be the case.
  • It allows for me to make informed decisions when it comes time for me to vote in an election.

-AE

Posted in Why choose Economics? | Tagged: , , , | Leave a Comment »

External Policy – a song

Posted by shartley13 on August 26, 2010

The lyrics below are to be sung to The Pussycat Dolls’ song Don’t Cha.

Oh, foreign investors

I know you like me (I know you like me)
I know you do (I know you do)
That’s why whenever you invest you look at me
And I know you want me (I know you want me)
To be sustainable (To be sustainable)
And in the back of your mind
You are watching me so carefully

[Chorus]
Dont cha wish you had external stability
Dont cha wish your economy was fit like me
Dont cha, dont cha
Dont cha wish your economy was stabilized like me
Dont cha wish your foreign liabilities were serviced like me
Dont cha, dont cha

Oh government,
you have to control me (you have to control me)
never Leave me alone (never leave me alone)
Cause if it responsible
It just ain’t enough to leave me alone
Let’s keep me sustainable (Let’s keep me sustainable)
to keep the FDI (to keep the FDI)
See, I know you care
you don’t want depreciation

[Chorus]
Dont cha wish you had external stability
Dont cha wish your economy was fit like me
Dont cha, dont cha
Dont cha wish your economy was stabilized like me
Dont cha wish your foreign liabilities were serviced like me
Dont cha, dont cha

I  know foreign liabilities
they need to be serviced
keep them low and
sustained
And it will be fine
I aint lying
As long as its sustained [2x]

See, I know you love her (See, I know you love her)
I understand (I understand)
But you need to control the size of the CAD
If you were my own man
Maybe next lifetime (maybe next lifetime)
Possibly (possibly)
Until then, you need to keep it low

[Chorus]
Dont cha wish you had external stability
Dont cha wish your economy was fit like me
Dont cha, dont cha
Dont cha wish your economy was stabilised like me
Dont cha wish your foreign libilities were serviced like me
Dont cha, dont cha

-MP

Posted in External Policy | Tagged: , , , , , | Leave a Comment »

Fiscal Policy – a poem

Posted by shartley13 on August 26, 2010

Fiscal Policy

Oh fiscal, how macro you are.
How you influence reallocation of resources, income, close and far.
When aggregate demand needs to be lifted,
You are there, oh so gifted.
Can be expansionary, contractionary, or balanced budget,
You decide the target.
Used to achieve the government’s economic objectives
Economic growth, inflation, unemployment, external, are the motives.
The budget states the revenue and expenditure of the government.
Will you be a surplus, deficit or balanced budget?
Oh fiscal, how macro you are.

MP

Posted in Fiscal Policy | Tagged: , , , , | Leave a Comment »