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Insight into eco plz (1 Viewer)

Myrdred

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So I'll be entering Year 11 next year and I've chosen Economics as one of my subject selections. What are your opinions on it? Is it easy, hard etc.
 

iJimmy

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challenging but not overly difficult, did you undertake commerce in yr 10?
 

Myrdred

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Yeah and I did fairly well. However I did poorly for assessments that required an in class report/essay which dragged my overall marks down. From what I've heard, that's how a fair component of Economics is assessed on so I'm slightly worried.
 

iJimmy

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well you should ensure a good balance between assessments and class reports.
 

Myrdred

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Does it require attention in class? For Yr 10 Commerce I found that I could waste my time on my laptop, then rote learn the syllabus and still achieve high marks in tests.
 

iJimmy

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yea, don't bludge senior years. its a high scaling subject requiring time and dedication on par with some extension subs and sciences.
 

Drifting95

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I just finished eco and this is what i found.

Originally my school recommended that i DIDN'T do eco because it was beyond my ability. I ended up getting 93.

-If you apply yourself and work hard i strongly believe most people can get solid marks in the subject, however for some people the concepts just don't click (despite them being relatively simple) and they resort to rote learning.

-Difficulty is all relative so don't waste your time asking if it is hard or easy, instead ask people if there were certain aspects of the course they found challenging etc.

-Ensure you're always up to date with current business news, it really helps you apply the theory you've learnt in class and apply it in the real world with relevant examples. Everyday i would spend 15 minutes reading the business news from an online source (e.g SMH), this is enough. From this i found i was able to gain a deeper understanding of the content and thus learn the underlying concept rather than memorising/rote learning content. Accordingly, this gave me the strong skills needed to apply relevant and current statistics/examples in the essays, an aspect of the course that most students struggle with. I highly recommend you do this, it develops your ability to link concepts to real life whilst also seeing trends in certain statistics (e.g economic growth, inflation) in real time.

-Keep up to date with your notes. This is pretty obvious but in year 12 the content starts to increase, especially in the "Economic Issues" topic that contains quite a bit of content
 

iJimmy

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also economics would be a little less easier if possibly undertaken with business studies.
 

OzKo

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also economics would be a little less easier if possibly undertaken with business studies.
There's very little cross-over between the two subjects so I wouldn't really recommend taking this advice.
 

Drifting95

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also economics would be a little less easier if possibly undertaken with business studies.
Not really. The only benefit of doing both eco and business is that the content links slightly for Microeconomic policies in eco and HR in business, specifically related to wage determination and employment contracts.

There isn't much content linked apart from that in the whole course.
 

chardy2651

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Its a really interesting subject,if you are interested in it,it is not as hard. There are a lot of essays to let you know and basic math formulas during the course.In yr 11 make sure you go well in the essays so in the hsc its not hard as there are alot of essays.
 

dim-sims

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It goes without saying that practically every subject requires attention if you want to do well.
 

studybuddy101

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Economics was one of my favourite subjects at school, the whole syllabus melds well together to a point where one idea leads you off onto a myriad of others and you Always have something to talk about.

The exam itself is also one of the best of the HSC, well written to a point where it challenges but is still very fair if you've put it in the work. If it helps, everyone i know who did economics said their results were the fairest reflection of their abilities amidst other subjects that were either too easy or too hard.
 

Myrdred

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Thanks for the advice. Feels like I may regret doing chem/phys/eco for prelims lol.
 

BLIT2014

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Very enjoyable however some people seem to really need to pay attention in class o-o
 

Randox

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Economics is an OP subject haha. Very high scaling and very interesting and not very difficult imo.
 

Examine

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I just finished eco and this is what i found.

Originally my school recommended that i DIDN'T do eco because it was beyond my ability. I ended up getting 93.

-If you apply yourself and work hard i strongly believe most people can get solid marks in the subject, however for some people the concepts just don't click (despite them being relatively simple) and they resort to rote learning.

-Difficulty is all relative so don't waste your time asking if it is hard or easy, instead ask people if there were certain aspects of the course they found challenging etc.

-Ensure you're always up to date with current business news, it really helps you apply the theory you've learnt in class and apply it in the real world with relevant examples. Everyday i would spend 15 minutes reading the business news from an online source (e.g SMH), this is enough. From this i found i was able to gain a deeper understanding of the content and thus learn the underlying concept rather than memorising/rote learning content. Accordingly, this gave me the strong skills needed to apply relevant and current statistics/examples in the essays, an aspect of the course that most students struggle with. I highly recommend you do this, it develops your ability to link concepts to real life whilst also seeing trends in certain statistics (e.g economic growth, inflation) in real time.

-Keep up to date with your notes. This is pretty obvious but in year 12 the content starts to increase, especially in the "Economic Issues" topic that contains quite a bit of content
The same applied to me here (like they strongly recommended that I didn't choose Economics as well as 3u Maths and I had to have an interview for it lol) and I received 91 (not as good as Drifting's but still a plus in my books). The rest of this post is A+ as well.

Just work hard and you'll be fine!
 

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