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March 29, 2024, 06:03:56 am

Author Topic: Expectations for the eco exam?  (Read 3378 times)

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Stressed yr 12 student

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Expectations for the eco exam?
« on: November 10, 2021, 06:19:49 am »
What's everyone hoping for in the eco exam tomorrow? (apart from an easy exam :P)

I dunno if this is any help, but some of the areas for improvement in the 2020 exam could be used in the 2021 exam (obviously)

Like in the 2019 exam some of the areas for improvement were:
- The concept of elasticity of demand (This was tested in Section A question 9 in 2020)
- Nature and causes of the business cycle (tested in Section B question 2b in 2020)
- AD policies, both monetary and budgetary (tested in Section B question 2c in 2020)
- The role of automatic stabilisers (tested in Section B question 2b in 2020)
- Terms of Trade (tested in Section A question 6 and Section B question 1a in 2020)

The biggest areas of improvement for 2020 were:
- Meaning of the terms of trade (TOT)
- Difference between TOT and balance on trade
- Difference between current account deficit (CAD) and budget deficit (this was also on the 2017 areas for improvement)
- Difference between production and productivity (also on the 2017 list)
- Public debt vs foreign debt
- CAD vs net foreign debt

So I dunno, I guess some of that stuff could be tested (especially the 3rd and 4th points) but I'm not really sure.

But yeah, what's everyone else expecting?
2020:
VCE VET Business - 44

2021:
English
Further Math
History Revolutions
Accounting
Economics

Commercekid2050

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Re: Expectations for the eco exam?
« Reply #1 on: November 10, 2021, 12:41:14 pm »
I can see questions related to government failure be in the exams considering they have not  been in any recent past exam since 2016. Though I could be wrong. 
2021 VCE- English, Math Method, Further Math,Accounting and Economics

2022-2026 Bachelors in Business (Taxation) and Accounting in Monash

Stormbreaker-X

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Re: Expectations for the eco exam?
« Reply #2 on: November 10, 2021, 01:34:55 pm »
For the eco exam I hope to score an A+ at least.

Stressed yr 12 student

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Re: Expectations for the eco exam?
« Reply #3 on: November 10, 2021, 01:54:31 pm »
Yeah, government failure could come up! I think it was in the 2017 exam in question 1c, but I don't think its come up since

Nice, good luck Stormbreaker-X! Hopefully you get yout 50 in eco... that would be a massive achievement!  :D

I would really love a A (I have been sitting at high end A) maybe if the exam catered to my strengths I could push an A+ but I doubt that would happen. :P

Regardless, good luck tomorrow everyone!
« Last Edit: November 10, 2021, 01:56:08 pm by Stressed yr 12 student »
2020:
VCE VET Business - 44

2021:
English
Further Math
History Revolutions
Accounting
Economics

Stormbreaker-X

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Re: Expectations for the eco exam?
« Reply #4 on: November 10, 2021, 02:06:26 pm »
Yeah, government failure could come up! I think it was in the 2017 exam in question 1c, but I don't think its come up since

Nice, good luck Stormbreaker-X! Hopefully you get yout 50 in eco... that would be a massive achievement!  :D

I would really love a A (I have been sitting at high end A) maybe if the exam catered to my strengths I could push an A+ but I doubt that would happen. :P

Regardless, good luck tomorrow everyone!
Thank you and same to everyone else :)

Commercekid2050

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Re: Expectations for the eco exam?
« Reply #5 on: November 10, 2021, 02:14:39 pm »
You all are aiming for A+ and I am here going for high b+ . Hope everyone does well in the exam.

Best of luck everyone
2021 VCE- English, Math Method, Further Math,Accounting and Economics

2022-2026 Bachelors in Business (Taxation) and Accounting in Monash

Stressed yr 12 student

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Re: Expectations for the eco exam?
« Reply #6 on: November 10, 2021, 02:18:01 pm »
Don't get me wrong, a b+ is still a highly commendable score!

In 2020 to get a b+ required a minimum of 61/80! Thats still flopping awesome! Good luck! ;D
2020:
VCE VET Business - 44

2021:
English
Further Math
History Revolutions
Accounting
Economics

Stormbreaker-X

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Re: Expectations for the eco exam?
« Reply #7 on: November 10, 2021, 03:08:49 pm »
You all are aiming for A+ and I am here going for high b+ . Hope everyone does well in the exam.

Best of luck everyone
B+ is pretty good, I wished I had a B+ for all my other subjects.

Commercekid2050

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Re: Expectations for the eco exam?
« Reply #8 on: November 10, 2021, 06:39:50 pm »
B+ is pretty good, I wished I had a B+ for all my other subjects.

Don't get me wrong, a b+ is still a highly commendable score!

In 2020 to get a b+ required a minimum of 61/80! Thats still flopping awesome! Good luck! ;D

Thanks both of you

Best of luck to you too for tomorrow exam
2021 VCE- English, Math Method, Further Math,Accounting and Economics

2022-2026 Bachelors in Business (Taxation) and Accounting in Monash