UPNG Foundation Economics 2020 Fox's class
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Hello olgeta - internal marks up in an excel sheet in the Google Drive folder - please check and confirm your result. If you are missing anything please email Kingtau ([email protected]) with your missing assignment and we will update. Exams are marked and results out shortly!
Hello all, a reminder for tomorrow's exam to look at the exam practise q's folder in the google drive for practise, as well as the recap lecture in the lectures folder. good luck !!
Hello all, please send your assessable tutorial by the close time of 11.59PM today to Kingtau at [email protected], and also your assignment Part B to Kingtau by 11.59PM next Friday. There will be no tutorials next week to give time for studying.
Mistake corrected in tutorial 8!! If you downloaded tutorial 8 before Tuesday 16 June please try downloading the tutorial 8 again, with the mistake fixed.
12/06/2020
Hello all, there are practise multiple choice questions (similar to those that will be in the final exam) in a folder in Google Drive. Most have the answer provided so you can test yourself. Some do not have the answer provided and you will need to ask myself or a tutor the answer if you want to test yourself. There will be more of these practise questions added to give you good exam practise for all topics, and your future tutorials and Assignment Part B will also be mostly multiple choice format - as it will be the best practise for your exam. Check the Google Drive for the Exam Practise q's folder.
Back when I taught in 2016 my office opened on to a corridor in which all the students would walk. My door was always open to anyone who would walk by. The new building is truly great, but one thing that has changed, not just with online classes, is that I am not able to interact with you so much. That is why I encourage you to reach out, even through online means. Sometimes I will not be able to respond straight away but it is important to me to help with any issues you may be having. My (online) door is always open.
There have been a few very good questions about the first question in the tutorial. To answer the first question you need to understand the definition of perfect competition and what happens in the short-run versus what happens in the long-run... (which is in the lecture on perfect competition) That is a clue, if you need further help feel free to contact 👍🏾
(Particularly look at the slides as to what happens in the long-run)
This week's lecture on oligopoly, strategy and the start of the discussion. of macroeconomics is available in the Google Drive folder, along with some video and other material
https://drive.google.com/drive/folders/1N41p-LwfkmmN0IixbfMhsZ62OpY1rH4Y?usp=sharing
Look forward to seeing everyone at the lecture tomorrow 👍🏽 (as mentioned in the Whatsapp group, if you are comfortable to come to class, both Monday and Wednesday class can come as Monday's class was missed due to the public holiday).
Hello all, tutorial solutions for tutorials 4 and 5 are now available in the Google Drive folder - click here to access https://drive.google.com/drive/folders/1N41p-LwfkmmN0IixbfMhsZ62OpY1rH4Y?usp=sharing
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05/06/2020
Hello all, I have created a Google Drive folder with ALL the lectures, tutorials and some new materials in it - I hope this works for you https://drive.google.com/drive/folders/1N41p-LwfkmmN0IixbfMhsZ62OpY1rH4Y?usp=sharing - please let me know if this is working. All the best. Rohan
02/06/2020
31/05/2020
I think this link may be better than the previous one for the lecture https://drive.google.com/file/d/1GE_2MyIGfeIBzR8w6jAvYMZehFk0qujy/view?usp=sharing
24/05/2020
24/05/2020
Short writing assignment (alternative assessment to the midsemester exam)
24/05/2020
This was in the news recently and shows why a new cable that should have been providing cheaper internet has not made internet any cheaper. Have a read and see what concepts you see.
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In Australian taxpayer-funded internet cable to Papua New Guinea is operating at a fraction of its capacity because it is too expensive for private sector providers to use.
The Australian can reveal that the PNG section of the $136m, 4700km Coral Sea Cable system has failed to lower internet prices to the country, as promised by the Australian government, because it was handed to a struggling stateowned enterprise that is charging uncompetitive prices. Private internet retailers including the country’s main mobile company, Digicel, are reluctant to use the cable because they can get better prices and service levels from satellite providers.
Digicel Pacific — the biggest mobile carrier in PNG, Vanuatu, Fiji, Solomon Islands, Tonga and Samoa — is reportedly being eyed for purchase by state-owned China Mobile, raising security concerns in Canberra.
The company, which is carrying significant debt, said on Thursday no approach had been made by China Mobile or any other potential buyers, but it is understood that Digicel would be in a much stronger position if it were able to access the Coral Sea Cable at a competitive price in its biggest regional market.
The cable to PNG and Solomon Islands was hastily announced by the Turnbull government in 2018 to prevent “highrisk” Chinese telco Huawei building it. Australia funded twothirds of the build, with PNG and Solomon Islands footing the rest.
Foreign Minister Marise Payne said it was a “transformative project” when management of the cable was handed over to both countries last year.
Sources told The Australian that PNG’s state-owned Data Co was using the project to crosssubsidise a $274m Chinese debt for a domestic cable delivered by Huawei, in a deal estimated to be 30-50 per cent overpriced.
PNG’s National ICT Authority published new pricing in December for the Coral Sea Cable of $US55/megabits per second/ month, but it’s understood Data Co is refusing to pass on the new rates. It is charging wholesale rates of $US350/mbps/month for a 20mbps connection on the Coral Sea Cable, while satellite companies offer broadly equivalent packages for $US250.
PNG telecommunications executive Robert Potter said the cable wasn’t delivering competitive prices to internet providers.
“( The cable) should be something that is shared with the private sector and managed jointly if they want to get any private sector buy-in ,” Mr Potter said. “But we missed the boat on that by only placing it with Data Co.”
While satellite internet suffers from millisecond delays in data transmissions known as “latency” , it stacks up well in PNG against the cable service, which has to rely on ageing Huawei infrastructure for the “last mile” in Port Moresby and other cities.
Manufacturers Council of PNG chief executive Chey Scovell said Australia had failed to include provisions in the deal to prevent the PNG government “from continually clipping the ticket of the private sector and the citizens” .
“It has been a real missed opportunity and is certainly not what was envisaged, of having the internet provided at the most affordable price,” he said.
“The whole idea was you were meant to leave it for the market, rather than government, to make money servicing customers.”
Lowy Institute Pacific program director Jonathan Pryke said “it’s no secret that PNG’s state-owned enterprises are a mess” .
“They are riddled with debt and broken systems of governance, and are victims of routine political interference. As the government is becoming more and more cashsqueezed , it is in turn squeezing the SOEs for every drop of dividends it can get — dividends that come at the cost of service provision and profitability.’’
A Department of Foreign Affairs and Trade spokesman said: “The infrastructure owner, PNG Data Co, is responsible for setting data pricing, in conjunction with the National ICT Authority.”
PNG’s finances are in a parlous state, with Australia and other lenders working on a $3.3bn bailout"
17/05/2020
Lecture for Week 7 on Efficiency and Equity, and International Trade 👍🏽
13/05/2020
Assessable tutorial for next week drive link below, please take a photo of your answers and send to your tutors via email by Friday 22 May 11.59PM. All the best!
11/05/2020
Website: https://sites.google.com/view/upng-econ2020
Lecturer: Mr Rohan Fox
Email: [email protected]
Co-teacher: Mr Kelly Samof
Email: [email protected]
Tutor: Mr Kingtau Mambon
[email protected]
Tutor: Ms Lyanne Gewageu
[email protected]
Foundation Economics It currently gives you access to lecture notes, tutorial exercises and other documents for download. I am hoping to continue to add to it, and include any notices, assignments.
11/05/2020
Hello all - this week's lecture can be downloaded on the website, or with this link. Let me know if it is working/or not working.
Hello and welkam olgeta! This Facebook group is to share information about Foundation Economics. Cheers. Rohan.