When the Productivity Commission reported in 2009 that average chief executive pay tripled from 1993 to 2009, you could have been forgiven for shrugging your shoulders and moving on. What else is new? The rich get richer and the poor get poorer, right? Well, no. At least, not all the time.
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Three ways economics can make you a better student
The clock is ticking down towards the start of the semester. You know those scenes in films where a military unit is checking all their gear, lining up their sights, strapping themselves in? That’s what university students are doing right now. You can hear (or overhear) it in the conversations on campus.
Take this one, for instance:
Student 1: “So, what happens in tutes, then? Do you need to bring the textbook?”
Student 2: “Um…maybe? Dunno. D’you know if it’s an easy subject?”
Those were first years, figuring out how exactly it is you go about studying at university, and trying to pick low-hanging-fruit electives.
Here’s another:
Student 1: “I’m not falling behind this semester.”
Student 2: “Yeah, me too. Gonna do the reading.”
Student 1: “Yep. Gonna do it before class.”
No points for guessing that these were returning students, promising themselves they’ll do at least some things differently this time – try to improve on their past performance by learning from past mistakes.