Economics Practice Questions & Past Papers (1 Viewer)

[AGB]

Short Answer Questions and Sample Responses
Remember these responses are just the answers of one student. They are by no means 100% correct and are just for reference of how another student has gone about answering them.
Topic 1
Topic 2
Topic 3

Short Answer Questions
The following attachments are word documents that have short answer questions from a variety of different sources (trials, hsc etc.)

Topic 1 - this one is pretty complete and the questions cover all areas of the syllabus

Topic 2 - this one is not complete, but there are a few questions in it that might be helpful

Topic 3 - this one is complete and covers all areas of the syllabus (the diagram for q6 is the same for q8.)

 

[Without Wings]

Economics Practice Questions/Past Papers

HSC Economics Practice Questions​

(from various sources) ​

Topic 1 - The Global Economy

• Examine the main features of the global economy and the nature and extent of interdependence between economies.
• Assess the impact on the global economy of international organisations and contemporary trading bloc agreements.
• 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.
• Analyse the impact of globalisation on an economy other than Australia; including the strategies used by that economy to promote growth and development.
• Examine the impact of globalisation on unemployment, inflation and external stability.
• Analyse the impact of globalisation on government economic policies.
• Assess the main factors that influence the international business cycle.
• Assess the potential impact on the environment of economic development.
• Discuss the effects of protectionist policies on the global economy.
• Evaluate the impact of reduced levels of protection on developed and developing nations in the global economy.
• Explain how and why nations protect domestic industries.
• Examine the consequences of the unequal distribution of wealth.
• Examine the impact of globalisation for an economy you have studied other than Australia.
• Analyse the impact of international agreements and organisations on globalisation.
• Discuss the role and influence of international organisations, contemporary trading blocs and trading agreements in the global economy for Australia.
• Explain the impact of the World Trade Organisation and regional trading blocs on global trade flows.
• Describe ONE quality of life indicator used to measure economic development in the global economy.
• Discuss the impact of globalisation on living standards in the global economy.
• Discuss the impact of trade flows on economic growth and living standards in the global economy.
• Explain the impact of global protectionist policies on Australia.
  
  
  Topic Two — Australia’s Place in the Global Economy
• Examine recent trends in the composition and direction of Australia’s trade flows.
• Analyse the relationship between Australia’s foreign liabilities and Balance of Payments.
• 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.
• Examine the nature of and influences on Australia’s Capital and Financial Account.
• Examine the effects of a continuing current account deficit on the Australian economy.
• Analyse how globalisation has affected individuals, firms and government in Australia.
• Examine the consequences of a high level of foreign debt on the Australian economy.
• Analyse the relationship between the terms of trade, international competitiveness and structural change in the Australian economy.
• Critically analyse the different methods of exchange rate determination used in countries around the world.
• Analyse the impact of a depreciation of the Australian dollar on the Australian economy.
• Evaluate the reasons for international protectionist policies and their impacts upon the Australian economy.
• Examine the changes in Australia’s free trade and protectionist policies in recent years and their impact on the Australian economy.
• Evaluate the impact of globalisation on the Australian economy.
• Examine the impact of changes in the global economy on Australia’s economic performance.
• Analyse the relationship between international competitiveness and structural change in the Australian economy.
• Examine the relationship between the current account deficit, net foreign debt, and net foreign liabilities.
• Examine the factors that cause the value of the Australian dollar to fluctuate, and the impacts of these changes.
• Analyse the impact of globalisation on key economic indicators of another country in comparison to Australia
• Evaluate the reasons for international protectionist policies and their impact on the Australian economy and quality of life.
• Discuss the effects of protectionist policies on the global economy
• Analyse the impact of globalisation on the level of development within the global economy
• Analyse the impact of the bop on the Australian economy
• Analyse the relationship between the TOT and the bop
• Analyse the impact of changes in the global economy on Australia's current account and net foreign debt
• Analyse the impact of globalisation on the economic performance of the Australian economy
• Analyse the relationship between structural change and international competitiveness in the Australian economy
• Analyse the impact of movements in the exchange rate on the Australian economy
• Evaluate Australia's policies regarding free trade and protection
• Analyse the link b/w the various components of the BOP
• Analyse the link b/w Australia's BOP and its exchange rate
• Analyse the impact of globalisation on Aust's BOP and evaluate govt policies to improve Aust's international competitiveness [2003 Independant Trial]
• 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]
• Outline the indicators of globalisation and explain how globalisation has affected an economy other than Australia [2001 Trial]
• Explain why the Australian exchange rate fluctuates and discuss the effect of these fluctuations of the Australian economy [2001 Trial]
• Explain why the Australian exchange rate fluctuates and discuss the effect of these fluctuations of the Australian economy [2001 Trial]
• Outline three factors that may cause an appreciation of Australia's exchange rate.
• Discuss the impact of an exchange rate appreciation on Australia's current account balance.
• Explain how exchange rate fluctuations can affect inflation.
• Discuss the impact of a depreciation in the value of the Australian dollar on Australia's balance of payments.
  
  Topic Three — Economic Issues
• Examine the arguments for and against increasing economic growth rates.
• Analyse the economic and social problems created by unemployment.
• Analyse the impacts of inflation on the Australian economy.
• Outline the causes of inflation in the Australian economy.
• Examine the consequences of high levels of unemployment and high levels of inflation on the Australian economy.
• Discuss the benefits and costs of low inflation for the economy.
• Analyse the effect of a continued current account deficit on the Australian economy.
• Examine recent trends in the distribution of income in Australia and the impact of specific economic policies on this distribution.
• Outline how income and wealth are distributed in Australia.
• Analyse the economic and social costs and benefits of inequality in the distribution of income.
• Identify some of the main environmental issues currently facing the Australian economy, and suggest economic solutions to them.
• Examine the economic issues associated with the goal of ecologically sustainable development.
• With reference to a contemporary environmental issue, analyse the economic arguments for and against resource exploitation.
• Explain the private and social costs and benefits of environmental management, making reference to at least one Australian environmental issue.
• Analyse the impact of globalisation on the economic growth, quality of life and external stability of global economies
• Explain the main causes of inflation, the effects of inflation and govt policy initiatives to reduce inflation
• Discuss the policies which Australian governments have used to address the issue of distribution of income and wealth.
• Examine recent trends in the distribution of income in Australia and the impact of specific economic policies on this distribution.
• Outline how income and wealth are distributed in Australia.
• Analyse the economic and social costs and benefits of inequality in the distribution of income.
• 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.
• Analyse the impact of protectionist policies on the domestic and global economies
• Discuss the impacts of globalisation on an economy that you have studied in relation to it's economic development.
• Analyse the impact of globalisation on economic growth, quality of life and external stability on an economy other than Australia.
• Discuss the strategies used by either the Australian economy, or an economy other than Australia, to promote economic growth and development.
• Explain how the Reserve Bank uses domestic market operations to change the cash rate in Australia.
• Analyse the impact of an increase in the cash rate on economic growth in Australia.
• Discuss the impact of labour market policies on the unemployment rate in the Australian economy.
• Discuss the impact of economic growth on Australia's balance of payments.
  
  
  Topic Four — Economic Policies and Management
• Examine the objectives of the current policy mix in the Australian economy.
• Analyse the methods by which governments can finance a budget deficit and the impact of each on the economy.
• Explain the impact of the current policy mix on the economy.
• Outline policies that may be used by the government to reduce unemployment and inflation.
• Examine the government's use of macroeconomic policy to meet its economic objectives?
• Explain why governments use microeconomic policies in addition to macroeconomic policies.
• Analyse the impact of a change in interest rates on the Australian economy.
• Examine recent changes in Australia’s trade and industry policy and the anticipated effects of these changes.
• Explain why Australia has moved from a centralised to a more decentralised system of industrial relations.
• Outline the current methods for wage determination in Australia.
• Evaluate recent labour market policies in Australia.
• Examine the limitations on policy implementation for governments in Australia.
• Discuss the policies which Australian governments have used to address the issue of economic growth.
• Discuss the policies which Australian governments have used to address the problem of unemployment.
• Discuss the policies which Australian governments have used to address the problem of inflation.
• Discuss the policies which Australian governments have used to address the problem of external stability.
• Discuss the policies which Australian governments have used to address the issue of distribution of income and wealth.
• Discuss the policies which Australian governments have used to address the issue of environmental management.
• Explain the role of monetary policy in achieving the economic goals of full employment, inflation and economic growth
• Explain how macroeconomic and microeconomic policies may be used to achieve external balance for the Australian economy [2004 Catholic Trial]
• Discuss the effectiveness of monetary policy and other economic policies in achieving price stability in Aust [2003 Independant Trial]
• Discuss the use of fiscal policy in achieving the govts economic objectives in Aust [2003 Independant Trial]
• Analyse the role played by economic policies in promoting globalisation in EITHER the Australian economy OR an economy other than Aust [2004 Catholic Trial]
• Analyse govt policies that may influence the distribution of income in Aust [2004 Catholic Trial]
• Analyse the role and rationale of macroeconomic policies in achieving the objectives of economic management in Australia.
• Analyse the role of microeconomic policies in improving efficiency and productivity of markets in Australia.

 

[darshil]

Re: Lack of past papers?

Here you go:
HSC Trial Papers & Past Preliminary Papers

Use it wisely

 

[Economist]

Re: Economics Practice Questions/Past Papers

The best thing for past exam papers and the answers are the cambridge HSC economics checkpoints by stokes and wright. The answers are really good.

 

[shravan_872]

Re: Lack of past papers?

Here you go:
HSC Trial Papers & Past Preliminary Papers

Use it wisely

I'm not able toaccess those papers, its asking me for a password

 

[dan964]

Re: Economics Practice Questions/Past Papers

Economics

Economics HSC (zips)
http://tinyurl.com/thsc4/yr12/Economics

Economics Trial Papers
50 papers, 29 w. sol:
(new syllabus 2012 onwards: 17 papers, 13 w. sol)
http://tinyurl.com/thsc4/yr12/Economics

The following are available by trading equivalent files:
58 papers, 54 w. sol
(new syllabus 2012 onwards: 19 papers, 18 w. sol)


PM/Email

 

[dcasa122]

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