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Wednesday, May 16, 2007
~ 10:36 PM ~
Wellz...the interview was...
So today was the big showdown..the interview! My interview was scheduled at 1245pm, but i arrived at 1215pm..and the secretary was a litle surprised that i turned up so early. apparently, the interviewer was still interviewing someone before me.
Anyway, i wasnt that nervous (thanks to an intensive prayer prior to entering that office).While waiting, i read the newspaper at the waiting area. After 10 mins, the interviewer came out with the interviewee before me and I got a little caught up with fumbling with the newspaper, keeping it back in order before i stood up and shook hands with the interviewer. His name is Chris.
Chris and I spent the next 35 mins in an intensive conversation mode. He started off by asking me to explain what i do in my current honours course. I answered that easily since i had prepared to answer that question, and that was the only question that I prepared that was asked. The questions that i expected to be asked were not asked and the questions that i did not expect were asked.
I thought it was a general interview. IT was. BUT, it was also a technical interview. I was asked 1 econometrics question and 3 economics question. The questions were:
1. What is the Durbin Watson statistic used for? (used for testing for serial correlation)
2. What happens if the tariff for an import is abolished (decrease in govt revenue and perhaps unemployment)
3. What happens if the government pumps in money into the economy when the economy is at full employment level (since money is neutral and does not affect output, it results in inflation only in the long run)
4. what are the 3 ways of calculating GDP? (add the value added values, add wages and capital income, add the prices of the final product)
I managed to answer questions 1,3 and 4 quite well (luckily i knew the answers). I stumbled a lot at question 2 as taxes and subsidies are not my forte. I can only picture the question if i draw some diagrams. But oh wells, Chris said that I did the best among the interviewees that he interviewed for that day (i was the last person to be interviewed). This is a comment that i shall take with a pinch of salt. It may be true, it may not.
All in all, it was a good experience. Whether i can move onto the next round of the interview, it doesnt really matter to me. And if i do qualify for round 2 of the interview, i shall have to fly to Canberra....hmmz...
