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Author Topic: Potential Exam Questions for HSC Economics.  (Read 17521 times)  Share 

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isaacdelatorre

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Potential Exam Questions for HSC Economics.
« on: July 15, 2016, 12:23:51 am »
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Hey, I have a list of some possible questions for HSC economics. This is by no means all the questions that could be asked, but it is a good starting point that mainly uses the terms from the syllabus. However, the syllabus has recently been interpreted in many different ways to create a diverse range of possible extended response questions.
-Note that these are for trials revision so they are lacking in terms of topic 4-

Topic 1:
1. Discuss the impact of globalisation and trade liberalisation on the global economy
2. Discuss the causes and effects of inequality in the global distribution of income and wealth
3. Discuss the advantages of free trade and the role of international organisations and free trade agreements in promoting trade in the global economy
4. Discuss the impact of globalisation on a country other than Australia
5. Evaluate the policies used to promote economic growth and economic development of a country other than Australia
6. Analyse the causes of different economic development stages
7. Discuss how globalisation has led to variations in the standard of living and differences in the level of development between nations
8. Assess the consequences on an unequal distribution of income and wealth

Topic 2:
1. Explain how movements in the Australian dollar can affect the performance of the Australian economy
2. Analyse the effects of domestic and global free trade and protection policies on the Australian economy
3. Analyse the impact of the changes in the global economy on Australia's Balance of Payments
4. Discuss the impact of changes in the domestic and global economy on Australia's exchange rates
5. Analyse the causes of recent trends in Australia's exchange rates with the global economy
6. Explain the causes of Australia's sustained current account deficit and explain the impacts of a high CAD on the Australian economy
7. Analyse the effects of changes in trade and financial flows on Australia's economic performance
8. Analyse the impact of changes in the components of the balance of payments on the value of the Australian dollar
9. Explain the factors that influence Australia's Balance of Payments

Topic 3:
1. Analyse the causes of unemployment and their effects on the Australian economy
2. Analyse the changing sources of economic growth and their effects on the Australian economy
3. Explain the causes of Australia's fluctuating economic growth rates and the consequences of strong economic growth on the Australian economy
4. Explain the causes of inflation and the impacts of high inflation on the Australian economy
5. Discuss the consequences of an unequal distribution of income and wealth and the impact of fiscal policy on the distribution of income in Australia
5. Consider the extent of income and wealth inequality in Australia and discuss the consequences on Australia of an unequal distribution of income and wealth
6. Analyse the causes and effects of fluctuations in Australia's external stability
7. Examine the economic issues associated with the goal of ecologically sustainable development
8. Explain the causes of economic growth and their impact on achieving goals of internal and external stability

Topic 4:
1. Evaluate the effectiveness of macroeconomic policies in achieving the Australian Governments objectives
2. Analyse how macroeconomic policy can be used to achieve external stability
3. Analyse how macroeconomic policy can be used to achieve internal stability
4. Analyse how fiscal policy can be used to influence resource allocation and income distribution in the Australian economy
5. Analyse the opportunity cost of government decisions in addressing conflicting economic problems or issues
6. Explain how microeconomic policies can be used to achieve the Australian Government's objectives and evaluate their effectiveness
7. Explain the limitations of implementing economic policies in the Australian economy
8. Explain the impact of recent macroeconomic and microeconomic policies on the Australian economy

Hope this helps :)





« Last Edit: July 15, 2016, 12:29:11 am by isaacdelatorre »
HSC 2016:   ATAR: 99+
Mathematics - 97    Economics - 96     Legal Studies - 95     Advanced English - 91    Business Studies - 95

2017: B Commerce/B Law @ UNSW  

Klexos

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Re: Potential Exam Questions for HSC Economics.
« Reply #1 on: July 21, 2016, 10:24:13 am »
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Thanks for this!
2015 HSC: Business Studies

2016 HSC: English Advanced  l  Mathematics  l Mathematics Extension 1  l  Economics  l  Physics

heids

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Re: Potential Exam Questions for HSC Economics.
« Reply #2 on: July 21, 2016, 11:55:59 am »
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Awesome contribution isaacdelatorre!  Thanks :D
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strawberriesarekewl

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Re: Potential Exam Questions for HSC Economics.
« Reply #3 on: February 22, 2017, 09:33:44 pm »
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In addition to Issac's essay questions he posted, I have found various more

Topic 1 - The Global Economy
1.Examine the main features of the global economy and the nature and extent of interdependence between economies.
2.Assess the impact on the global economy of international organisations and contemporary trading bloc agreements.
3.Discuss the impact of globalisation on standards of living in the global economy and the effect globalisation has had on countries with differing levels of economic development.
4.Analyse the impact of globalisation on an economy other than Australia; including the strategies used by that economy to promote growth and development.
5.Examine the impact of globalisation on unemployment, inflation and external stability.
6.Analyse the impact of globalisation on government economic policies.
7.Assess the main factors that influence the international business cycle.
8.Assess the potential impact on the environment of economic development.
9.Discuss the effects of protectionist policies on the global economy.
10.Evaluate the impact of reduced levels of protection on developed and developing nations in the global economy.
11.Explain how and why nations protect domestic industries.
12.Examine the consequences of the unequal distribution of wealth.
13.Examine the impact of globalisation for an economy you have studied other than Australia.
14.Analyse the impact of international agreements and organisations on globalisation.
15.Discuss the role and influence of international organisations, contemporary trading blocs and trading agreements in the global economy for Australia.
16.Explain the impact of the World Trade Organisation and regional trading blocs on global trade flows.
17.Describe ONE quality of life indicator used to measure economic development in the global economy.
18.Discuss the impact of globalisation on living standards in the global economy.
19.Discuss the impact of trade flows on economic growth and living standards in the global economy.
20.Explain the impact of global protectionist policies on Australia.


Topic Two — Australia’s Place in the Global Economy
1.Examine recent trends in the composition and direction of Australia’s trade flows.
2.Analyse the relationship between Australia’s foreign liabilities and Balance of Payments.
3.Examine the recent trends in the size and composition of Australia’s balance of payments and the issues associated with Australia’s balance of payments.
4.Examine the nature of and influences on Australia’s Capital and Financial Account.
5.Examine the effects of a continuing current account deficit on the Australian economy.
6.Analyse how globalisation has affected individuals, firms and government in Australia.
7.Examine the consequences of a high level of foreign debt on the Australian economy.
8.Analyse the relationship between the terms of trade, international competitiveness and structural change in the Australian economy.
9.Critically analyse the different methods of exchange rate determination used in countries around the world.
10.Analyse the impact of a depreciation of the Australian dollar on the Australian economy.
11.Evaluate the reasons for international protectionist policies and their impacts upon the Australian economy.
12.Examine the changes in Australia’s free trade and protectionist policies in recent years and their impact on the Australian economy.
13.Evaluate the impact of globalisation on the Australian economy.
14.Examine the impact of changes in the global economy on Australia’s economic performance.
15.Analyse the relationship between international competitiveness and structural change in the Australian economy.
16.Examine the relationship between the current account deficit, net foreign debt, and net foreign liabilities.
17.Examine the factors that cause the value of the Australian dollar to fluctuate, and the impacts of these changes.
18.Analyse the impact of globalisation on key economic indicators of another country in comparison to Australia
19.Evaluate the reasons for international protectionist policies and their impact on the Australian economy and quality of life.
20.Discuss the effects of protectionist policies on the global economy
21.Analyse the impact of globalisation on the level of development within the global economy
22.Analyse the impact of the bop on the Australian economy
23.Analyse the relationship between the TOT and the bop
24.Analyse the impact of changes in the global economy on Australia's current account and net foreign debt
25.Analyse the impact of globalisation on the economic performance of the Australian economy
26.Analyse the relationship between structural change and international competitiveness in the Australian economy
27.Analyse the impact of movements in the exchange rate on the Australian economy
28.Evaluate Australia's policies regarding free trade and protection
29.Analyse the link b/w the various components of the BOP
30.Analyse the link b/w Australia's BOP and its exchange rate
31.Analyse the impact of globalisation on Aust's BOP and evaluate govt policies to improve Aust's international competitiveness [2003 Independant Trial]
32.Discuss the characteristics of globalisation and analyse its impacts on the economic development and living standards of an economy other than Aust [2003 Independant Trial]
33.Outline the indicators of globalisation and explain how globalisation has affected an economy other than Australia [2001 Trial]
34.Explain why the Australian exchange rate fluctuates and discuss the effect of these fluctuations of the Australian economy [2001 Trial]
35.Explain why the Australian exchange rate fluctuates and discuss the effect of these fluctuations of the Australian economy [2001 Trial]
36.Outline three factors that may cause an appreciation of Australia's exchange rate.
37.Discuss the impact of an exchange rate appreciation on Australia's current account balance.
38.Explain how exchange rate fluctuations can affect inflation.
39.Discuss the impact of a depreciation in the value of the Australian dollar on Australia's balance of payments.

Topic Three — Economic Issues
1.Examine the arguments for and against increasing economic growth rates.
2.Analyse the economic and social problems created by unemployment.
3.Analyse the impacts of inflation on the Australian economy.
4.Outline the causes of inflation in the Australian economy.
5.Examine the consequences of high levels of unemployment and high levels of inflation on the Australian economy.
6.Discuss the benefits and costs of low inflation for the economy.
7.Analyse the effect of a continued current account deficit on the Australian economy.
8.Examine recent trends in the distribution of income in Australia and the impact of specific economic policies on this distribution.
9.Outline how income and wealth are distributed in Australia.
10.Analyse the economic and social costs and benefits of inequality in the distribution of income.
11.Identify some of the main environmental issues currently facing the Australian economy, and suggest economic solutions to them.
12.Examine the economic issues associated with the goal of ecologically sustainable development.
13.With reference to a contemporary environmental issue, analyse the economic arguments for and against resource exploitation.
14.Explain the private and social costs and benefits of environmental management, making reference to at least one Australian environmental issue.
15.Analyse the impact of globalisation on the economic growth, quality of life and external stability of global economies
16.Explain the main causes of inflation, the effects of inflation and govt policy initiatives to reduce inflation
17.Discuss the policies which Australian governments have used to address the issue of distribution of income and wealth.
18.Examine recent trends in the distribution of income in Australia and the impact of specific economic policies on this distribution.
19.Outline how income and wealth are distributed in Australia.
20.Analyse the economic and social costs and benefits of inequality in the distribution of income.
21.Analyse the factors influencing movements in the australian dollar in recent years and explain how exchange rate movements affect trade and financial flows in australia.
22.Analyse the impact of protectionist policies on the domestic and global economies
23.Discuss the impacts of globalisation on an economy that you have studied in relation to it's economic development.
24.Analyse the impact of globalisation on economic growth, quality of life and external stability on an economy other than Australia.
25.Discuss the strategies used by either the Australian economy, or an economy other than Australia, to promote economic growth and development.
26.Explain how the Reserve Bank uses domestic market operations to change the cash rate in Australia.
27.Analyse the impact of an increase in the cash rate on economic growth in Australia.
28.Discuss the impact of labour market policies on the unemployment rate in the Australian economy.
29.Discuss the impact of economic growth on Australia's balance of payments.


Topic Four — Economic Policies and Management
1.Examine the objectives of the current policy mix in the Australian economy.
2.Analyse the methods by which governments can finance a budget deficit and the impact of each on the economy.
3.Explain the impact of the current policy mix on the economy.
4.Outline policies that may be used by the government to reduce unemployment and inflation.
5.Examine the government's use of macroeconomic policy to meet its economic objectives?
6.Explain why governments use microeconomic policies in addition to macroeconomic policies.
7.Analyse the impact of a change in interest rates on the Australian economy.
8.Examine recent changes in Australia’s trade and industry policy and the anticipated effects of these changes.
9.Explain why Australia has moved from a centralised to a more decentralised system of industrial relations.
10.Outline the current methods for wage determination in Australia.
11.Evaluate recent labour market policies in Australia.
12.Examine the limitations on policy implementation for governments in Australia.
13.Discuss the policies which Australian governments have used to address the issue of economic growth.
14.Discuss the policies which Australian governments have used to address the problem of unemployment.
15.Discuss the policies which Australian governments have used to address the problem of inflation.
16.Discuss the policies which Australian governments have used to address the problem of external stability.
17.Discuss the policies which Australian governments have used to address the issue of distribution of income and wealth.
18.Discuss the policies which Australian governments have used to address the issue of environmental management.
19.Explain the role of monetary policy in achieving the economic goals of full employment, inflation and economic growth
20.Explain how macroeconomic and microeconomic policies may be used to achieve external balance for the Australian economy [2004 Catholic Trial]
21.Discuss the effectiveness of monetary policy and other economic policies in achieving price stability in Aust [2003 Independant Trial]
22.Discuss the use of fiscal policy in achieving the govts economic objectives in Aust [2003 Independant Trial]
23.Analyse the role played by economic policies in promoting globalisation in EITHER the Australian economy OR an economy other than Aust [2004 Catholic Trial]
24.Analyse govt policies that may influence the distribution of income in Aust [2004 Catholic Trial]
25.Analyse the role and rationale of macroeconomic policies in achieving the objectives of economic management in Australia.
26.Analyse the role of microeconomic policies in improving efficiency and productivity of markets in Australia.

Best of luck  :)

yvette.rosa

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Re: Potential Exam Questions for HSC Economics.
« Reply #4 on: March 19, 2017, 09:31:36 pm »
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Ah thank you so much ;D Highly recommend to everyone that they have a crack at doing as much essays as you can throughout the year and handing them in to your teacher for marking, because that's what i'm doing and what past students has recommended to me!

AnnaBethy

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Re: Potential Exam Questions for HSC Economics.
« Reply #5 on: May 07, 2017, 02:30:18 pm »
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Do you think a case study is likely for this years exam question?
Also, where did you get these questions from? Have you just re-worded the syllabus?

Mod Edit: Post merge :)
« Last Edit: May 07, 2017, 05:16:13 pm by jamonwindeyer »