With slowing growth in the BRICS and the underwhelming recovery in the U.S., many nations around the world are looking to free trade. Australia, among others, has been negotiating agreements with Asia, forming the Trans-Pacific Partnership.
In this week’s Editors’ Picks we take a look at the currency war, grapple with the idea of an East-West Link 2.0, look at the struggles of the Australian agriculture industry, question how secure Australia’s AAA rating is and, finally, uncover who the true battlers are when it comes to negative gearing.
So after four years at the university of Melbourne, studying economics and a bit of politics along the way, it’s suddenly all come to an end. Which feels odd because for the greater part of this year, my Honours year, the focus hasn’t been on finishing the degree, or my time at university for that matter, but instead it’s been on the arduous/dreaded/painful thesis and making sure it got completed by last week’s Monday deadline. You may have noticed a collective sigh go up across the Economics department on Monday afternoon as everyone submitted their papers.
In my previous article I looked at how prevalent academic cheating is for college athletes in revenue-generating sports. The situation stems from pressure applied on student athletes by both coaches and academic counsellors, including subtle endorsement of sport over study and course plans arranged without consulting students’ preferences. The pressure in turn comes from the lucrative business of college football and basketball. Head coaches, assistant coaches and support staff receive the largest share of revenue from college football programs, while students, as amateur players, are not allowed to be paid a salary.
Most people who are reading this article are university students. Many of you have the intention of graduating in economics and commerce, and then planning to go on to secure a fulfilling career. I dare say that the students associated with ESSA are perhaps the more diligent amongst students; ambitious and destined for big things!
We’ve got our eyes set on the RBA, Treasury, investment banks and government. Working for these sorts of institutions is a dream come true for wannabe economists. And wouldn’t we all love to be interviewed on Lateline, Inside Business, or Bloomberg, and have our own words rattle world financial markets?
Pretty idealistic, huh. Not that I think we aren’t capable of reaching such heights. But what beyond all this? What’s more to life?