I'm looking for the old VCAA study design for economics, because I want to compare it to the new one. I can't find it on the VCAA website. If anyone has it downloaded, can you plea …

I was wondering for a negative externality in consumption, since the consumption of the good produces an external cost to third parties, do we say MSB = MB - Marginal external bene …

This is a major part of budgetary policy.

Hello, This question appeared in a VCE past exam, and it is NOT explained in the textbook. I was wondering, what does it mean when there's a shift in the demand line/curve for ex …

Hi In Macroeconomics, what is the difference between planned and actual investment in the economy? Just a bit confused and wanted some real help.

In the media lately there has been quite a bit of discussion about the RSPT. How would of Rudd's version of the RSPT have affected the economy and how will Gillard's revision of th …

"Foreign competition hurts other countries when it is based on low wages." True or false and explain why. I don't quite get the question, can someone show me an example of a forei …

Okay I'm really confused, in my book it says "regardless of how the market (whether it is owned by a monopoly or many different firms in a competitive market) is organised, the dem …

Hi, for the median voter theorem, I understand the basic principles behind it however does the condition of "the median voter has less than the average income" must be satisfied in …

For the supply curve (the marginal social cost MSC) of a common resource, is it derived the same way as the MSC of a public good? Ie, summing horizontally the individual supply cur …

"Discuss and illustrate graphically the effects of trade in a small open economy. What are the gains from trade?" What does small open economy mean? Is it imports/exports interna …

I know this is meant to be a really simple concept, but can anyone please explain this to me?

Hi, what does these 2 graphs mean? What is a price stablisation band? What does the 'buy' and 'sell' in the diagrams mean? Thanks :)

I get how black markets and queues work but what are "ration coupons"? And how you one answer the questions under the first dot point of ration coupons? Thanks :)

"The Chicago Fire of 1871 destroyed half the cubic contents of the city's buildings. The value of the surviving buildings after the fire probably exceeded the value of all the buil …