Module 6 Tutorial (Week 7)
In perfect competition, the typical firm in the long run makes zero economic profit. Is the
situation allocatively efficient? Why/Why not?
In monopolistic comp
Module 7 Tutorial Practice
Shifting of AD/AS
How would each of the following affect the AD, the short run AS and the long run AS curves?
An increase in money supply.
A slow down in Chinas economic growth due to the sub-prime crisis in
Module 9 Tutorial
NOTE: TA9.1 to 9.5 are oral presentation questions.
TA9.6 Limitations of Fiscal Policy
Using discretionary fiscal policy to remove short term economic fluctuations has its limitations.
TA9.7 Current and Capital Accounts
Module 10 Tutorial
NOTE: TA10.1 to 10.5 are oral presentation questions
TA10.6 What are the advantages and disadvantages of:
(a) a fixed exchange rate regime
(b) a flexible exchange rate regime
TA10.7 Can countries maintain all three of the following?
MARKETS AT WORK
Implications of Government
On Stimulus Packages:
Governments everywhere are discussing or
implementing stimulus packages I doubt
Australia need much fiscal stimulus, except that
which improves national p
Module 2 Tutorial (Week 3)
NOTE: TA2.1 to 2.4 are oral presentation questions
TA2.5Indifference Curve Analysis a numerical example
Kerry buys ham and cheese to fill her sandwiches. Ham costs $1.50 per slice an
Module 5 Tutorial (Week 6)
NOTE: TA5.1 to 5.4 are oral presentation questions
TA5.5MR in Monopoly
(a) Why is marginal revenue (MR) the same as price in perfect competition?
(b) Why is marginal revenue (MR) below price in monopoly?
TA5.6A Loss-making Monop
Module 4 Tutorial (Week 5)
NOTE: TA4.1 to 4.5 are oral presentation questions
TA4.6 Photographic Studio
The table below gives the total cost figures for a photography studio. Complete the table.
Module 3 Tutorial (Week 4)
NOTE: TA3.1 to 3.4 are oral presentation questions
TA3.5 ATC, AVC and MC
The table below gives the total cost (TC in $) of producing watches at different levels of output.
Complete the table and draw the ATC, AVC and MC curves.
Module 8 Tutorial
TA8.3 Suppose that in Freezone (shown above), the short-run aggregate supply
curve is SASA and a drought decreases potential GDP to $250 billion.
What happens in Freezon