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I'd say it's not even about students, but unis desperate for cash.
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# ? Oct 19, 2015 02:41 |
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# ? Jun 5, 2024 06:45 |
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SynthOrange posted:I'd say it's not even about students, but unis desperate for cash. This is why we should switch to a for profit model with universities. This way they'll not need to milk as much money as they do out of international students so they can get richer.
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# ? Oct 19, 2015 02:52 |
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In different news, the natural rate of unemployment (ie NAIRU) is up to 5.7% from 4.8% in 2007. Even though these are only estimates, the natural rate of unemployment going up isn't good. To explain, it's well known in this thread (i hope) that our system allows for a certain level of unemployment, as capitalism does. Let's not have that discussion again. What NAIRU tries to estimate is what level of unemployment will allow for inflation to remain at a stable base. The assumption is that if unemployment lowers below that level, inflation will start to rise. What isn't so obvious is why. The reason why is that the "natural" level of unemployment is based upon the assumption that businesses will eventually stop taking people from the unemployment queue and start poaching employees from other firms. This poaching is expensive, because to do so they have to offer better wages and/or conditions in the process. The alternative of hiring somebody who has been unemployed (perhaps long term) is that they can pay them an amount less than they would from poaching, but the firm has to be confident that the person will perform to the same or better level. If it is true that our natural rate of unemployment is up another 0.9% of the workforce, that's hundreds of thousands of workers who organisations now see as unemployable except in a very heated economy.
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# ? Oct 19, 2015 02:56 |
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Isn't the NAIRU hypothesis demonstrably false, as economies with full employment and low inflation exist?
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# ? Oct 19, 2015 03:04 |
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open24hours posted:Isn't the NAIRU hypothesis demonstrably false, as economies with full employment and low inflation exist? I'd be interested in reading about this if you have examples, NAIRU is a very curious measurement to me for exactly that reason.
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# ? Oct 19, 2015 03:07 |
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Les Affaires posted:I'd be interested in reading about this if you have examples, NAIRU is a very curious measurement to me for exactly that reason. http://www.businessspectator.com.au/article/2015/1/13/interest-rates/kill-nairu
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# ? Oct 19, 2015 03:10 |
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I don't know of any papers, but Australia in past decades had full employment and low inflation. Singapore currently has almost full employment and low inflation.
open24hours fucked around with this message at 03:15 on Oct 19, 2015 |
# ? Oct 19, 2015 03:13 |
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Group work is for socialistic lefties, Australia supports the personal freedom of individuals to copy their assignments from Wikipedia.
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# ? Oct 19, 2015 03:18 |
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open24hours posted:Group work sucks but so does life after university and it's good preparation for it.
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# ? Oct 19, 2015 03:19 |
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open24hours posted:I don't know of any papers, but Australia in past decades had full employment and low inflation. Singapore currently has almost full employment low inflation. Full employment essentially means "unemployment is at NAIRU". We've never had 100% employment.
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# ? Oct 19, 2015 03:20 |
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Doctor Spaceman posted:Full employment essentially means "unemployment is at NAIRU". We've never had 100% employment. That's what it means now, it used to mean actual full employment, or very close to it.
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# ? Oct 19, 2015 03:24 |
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open24hours posted:That's what it means now, it used to mean actual full employment, or very close to it. When we had "full employment" we had ~2% unemployment, because that's what the NAIRU was at the time, regardless of whether the concept was known or not. You can't invalidate something that changes over time by saying that things were different in the past.
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# ? Oct 19, 2015 03:34 |
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Well you can't just say that the NAIRU was coincident with whatever the unemployment rate was either. Presumably it would be possible to calculate past NAIRUs to see if they match the actual unemployment rates.
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# ? Oct 19, 2015 03:40 |
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I think the issue with NAIRU is that it tries to be a predictive measure that can inform monetary policy. If unemployment is above what economists think NAIRU is, the argument is that lower interest rates will bring unemployment down without increasing inflation, whereas if NAIRU is at or above the current unemployment level, stable or lower interest rates relative to today would increase inflation, perhaps above the desired 3% target band. The question is, what happens if low interest rates push unemployment down through the predicted NAIRU without inflation taking off? Aside from being a good outcome (both deflation and hyperinflation are bad news), it means NAIRU is much lower than calculated/predicted. We can be thankful though that the RBA doesn't use it as the sole guiding factor in setting monetary policy though.
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# ? Oct 19, 2015 03:40 |
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As people have requested no more Dutton pics have a pic of this weird baby, you'll freak out when you see it.
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# ? Oct 19, 2015 03:46 |
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Mr Chips posted:I work at a university. Plenty of my colleagues are >2nd gen WASPs who are massive bludgers and barely capable of writing a coherent email or following simple instructions. Group Work at university is a terrible idea. I did engineering at university (where I had to do a lot of group work) and I work as an engineer now and group work at my job is absolutely nothing like group work at university. You have personnel whose job it is to manage people, to set tasks and estimate hours to reassign if things are taking longer or shorter than expected, you are constantly with the people you are doing work with so if you have a question you can just ask it, you have a hierarchy and a chain of command and also you ensure that in any task you are leveraging the people with experience/expertise in the area to ensure it gets done, there's a formalised review process and a set of company expectations regarding formatting, style, presentation and flow. None of this poo poo exists in a university setting, group work at university teaches you only to hate your peers and nothing about what it's like working in the real world.
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# ? Oct 19, 2015 03:48 |
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open24hours posted:Well you can't just say that the NAIRU was coincident with whatever the unemployment rate was either. Presumably it would be possible to calculate past NAIRUs to see if they match the actual unemployment rates. Yeah, it is, although data beyond about 30 years ago becomes harder to find. I'm also going through this Jumpingmanjim posted:http://www.businessspectator.com.au/article/2015/1/13/interest-rates/kill-nairu quote:With any luck 2015 will finally see the death of the NAIRU, the acronym that has produced more misery in the past 50 years than any other.
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# ? Oct 19, 2015 03:50 |
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hooman posted:Group Work at university is a terrible idea. I did engineering at university (where I had to do a lot of group work) and I work as an engineer now and group work at my job is absolutely nothing like group work at university. You have personnel whose job it is to manage people, to set tasks and estimate hours to reassign if things are taking longer or shorter than expected, you are constantly with the people you are doing work with so if you have a question you can just ask it, you have a hierarchy and a chain of command and also you ensure that in any task you are leveraging the people with experience/expertise in the area to ensure it gets done, there's a formalised review process and a set of company expectations regarding formatting, style, presentation and flow. Please don't forget that there is a real chance that the person who is not performing in their role will lose their position.
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# ? Oct 19, 2015 03:51 |
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If the actual NAIRU is in fact far lower than what is predicted by the IMF (5.7%) then theoretically we could keep interest rates at or near zero in the medium term and not have to worry about an outburst of inflation, and the overall effect would be us getting far closer to "full employment" of around 2%. The people who would be pissed off with this idea would be rent-seeking savers who have all their money in bank accounts earning a few percentage points above inflation, because it would force them to put their money to work and take a risk, or to invest it in ventures that do it for them.
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# ? Oct 19, 2015 03:57 |
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Hockey's quitting.
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# ? Oct 19, 2015 04:04 |
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SynthOrange posted:Hockey's quitting. Hockey is moving to DC for a sweet gig as an ambassador, of course he's quitting.
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# ? Oct 19, 2015 04:07 |
My university had an entire course called "Busines English", the only required English course for the business degree that was fully designed for international students. Essentially the entire semester long course was going over things like your/your, they're/their/there, basic spelling rules and other things like that. I ended up using the class as an opportunity to catch up on my novel reading in the back of the class while collecting my attendance marks. I have no problem with international students, I had plenty of friends who were international students, but quite frankly if they don't have basic English skills they shouldn't have been accepted into an English language program, and I certainly felt pretty loving ripped off for having to pay for a mandatory English course that taught me poo poo I learned in the first grade. Also gently caress all group assignment bludgers. They're all terrible.
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# ? Oct 19, 2015 04:07 |
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hooman posted:This is quite literally race baiting because this issue isn't to do with international students, it's to do with lovely students. International students do not have a monopoly on being lovely students.
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# ? Oct 19, 2015 04:08 |
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HookShot posted:My university had an entire course called "Busines English", the only required English course for the business degree that was fully designed for international students. Did you happen to fail this course by any chance?
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# ? Oct 19, 2015 04:09 |
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HookShot posted:My university had an entire course called "Busines English", the only required English course for the business degree that was fully designed for international students.
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# ? Oct 19, 2015 04:10 |
Birb Katter posted:Did you happen to fail this course by any chance? hahaha whoops. I got like 98% and the 2% I missed were probably stupid mistakes like that. I paid attention to exactly nothing in that class. It was the easiest grade I ever got.
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# ? Oct 19, 2015 04:10 |
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Are Québécois considered international students?
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# ? Oct 19, 2015 04:12 |
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Les Affaires posted:If the actual NAIRU is in fact far lower than what is predicted by the IMF (5.7%) then theoretically we could keep interest rates at or near zero in the medium term and not have to worry about an outburst of inflation, and the overall effect would be us getting far closer to "full employment" of around 2%. The people who would be pissed off with this idea would be rent-seeking savers who have all their money in bank accounts earning a few percentage points above inflation, because it would force them to put their money to work and take a risk, or to invest it in ventures that do it for them. Yeah but asset prices like property and shares etc aren't counted in measuring inflation so you can have low inflation but enormous bubbles inflating (as we are seeing now).
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# ? Oct 19, 2015 04:16 |
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Hahahaha Labor questions accuracy of Malcolm Turnbull's glowing results in Fairfax-Ipsos poll http://www.abc.net.au/news/2015-10-19/labor-questions-accuracy-of-turnbulls-glowing-results-in-poll/6865682 quote:Labor has questioned the credibility of the latest Fairfax-Ipsos poll in the wake of a crushing result for the Turnbull Government.
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# ? Oct 19, 2015 04:18 |
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Negligent posted:How do you make a complaint about international students having poor English without it being race baiting? Not being facetious I actually want to know. By not blaming international students for it, but instead blaming the systems and entry requirements that allows people with terrible English skills (be they international or local) into university courses that require them. The best physicist I know failed English at high school had to do a special test to get into university. This person should never be excluded from university due to his lack of English skills. Group assignments are loving terrible and you really shouldn't be given them at university.
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# ? Oct 19, 2015 04:19 |
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hooman posted:By not blaming international students for it, but instead blaming the systems and entry requirements that allows people with terrible English skills (be they international or local) into university courses that require them. The best physicist I know failed English at high school had to do a special test to get into university. This person should never be excluded from university due to his lack of English skills. Why don't the international students bear some responsibility for these problems. No one makes them attend a university that teaches in a language they don't understand.
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# ? Oct 19, 2015 04:22 |
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Jumpingmanjim posted:Why don't the international students bear some responsibility for these problems. No one makes them attend a university that teaches in a language they don't understand. Because it's a confusion of the role of the university. We either expect the university to provide a set curriculum and test participants on their performance to that curriculum, or we expect the university to do its best to produce high quality graduates wherever they can. If the former, give them a fixed curriculum in a fixed timespace for a fixed cost and then fail/pass them accordingly. If the latter, the course should run for as long as it needs to to ensure that by the time they graduate they have "got it". From what I've seen, students increasingly think that its just time commitment = meeting quality expectations, when in reality it's both time and hard work.
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# ? Oct 19, 2015 04:27 |
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Time for something a bit more amusing! http://www.smh.com.au/federal-polit...019-gkcjpp.html quote:When the Berlin Wall fell, elated Germans pocketed pieces of concrete as souvenirs. The table in question:
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# ? Oct 19, 2015 04:34 |
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In some countries (like Japan), outside of the elite universities they're pretty much just daycare for young adults. Show up, get your degree, go get a job as a salaryman somewhere.
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# ? Oct 19, 2015 04:34 |
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ShoeFly posted:Time for something a bit more amusing! Glaaargh
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# ? Oct 19, 2015 04:38 |
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open24hours posted:In some countries (like Japan), outside of the elite universities they're pretty much just daycare for young adults. Show up, get your degree, go get a job as a salaryman somewhere. Which highlights an interesting paradox: send your kid overseas to a high quality university that does not act like a daycare, but then demand they pass regardless of effort or merit because of the money you've spent.
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# ? Oct 19, 2015 04:42 |
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ShoeFly posted:Time for something a bit more amusing!
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# ? Oct 19, 2015 04:44 |
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Les Affaires posted:Hooman is right, this isn't an issue with international students, it's an issue with lovely students and there are multiple ways of ensuring lovely students are either prepared for the workload and expectations, or quite rightly flunked when they don't perform. None of this is the international students' fault; if they were domestic students doing poorly/plagiarising, nobody would give a poo poo, it would just be part of your everyday routine where the bottom n% of whatever you're engaged with are useless idiots, it's just that in this case the focal point of the problem is drat FOREIGNERS so it gets the attentions of Convicted Racists like Bolt. It's the fault of conflicting priorities in higher education; on the one hand, universities claim to be institutions of learning where rigour and ethics in scholarship are paramount, on the other hand $$$. The only way this problem could be solved is by removing one of the two priorities but well good luck with that one. Les Affaires posted:Which highlights an interesting paradox: send your kid overseas to a high quality university that does not act like a daycare, but then demand they pass regardless of effort or merit because of the money you've spent. BBJoey fucked around with this message at 04:50 on Oct 19, 2015 |
# ? Oct 19, 2015 04:48 |
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hooman posted:Group assignments are loving terrible and you really shouldn't be given them at university. For a lot of professions working in groups the way university has you do it doesn't exist. Life exposes you to enough shitlords to teach you how to deal with them, without being forced to in an academic setting.
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# ? Oct 19, 2015 04:56 |
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# ? Jun 5, 2024 06:45 |
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Actually in a business degree working in groups is critical to understanding and overcoming group psychology.
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# ? Oct 19, 2015 04:57 |