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Hi Okiblaze, That's a great question and its one a lot of professional economists and scholars are probably grappling with! The economics syllabus requires you to know the rationale for free trade (David Ricardo's principle of comparative advantage) and the arguments FOR and AGAINST...

Re: economics questions 50% is a very low bar so probably yes. A rudimentary understanding of the essay topics and regurgitating a few paragraphs from the textbook will likely get you 50% for the essay. Generally a Band 2-3 response for a short answer question is very "high level" and just...

Re: economics questions Hopefully before a test you should have already had: - Detailed topic notes - A series of memorisation techniques to keep all the glorious lists of reasons, effects, and causes that the syllabus requires you to know - A number of practice essays that you've done to...

The data is a great starting point to assess the economic pathway of a country but if you really want to understand the future, you have to look behind the data at the 'drivers of growth'. Further, Australia has been in what is called a "structural recession" even though we have had 26 years of...

The syllabus only mentions demand and supply graphs (Year 11) and the Lorenz curve (Year 12) in respect of graphs that you "need to know". Generally speaking Economists use graphs as a "framework" to explain economic concepts. In practice Economists use these kinds of models for EVERYTHING...

Hi Everyone, The name's Sam and you read the thread correctly. I will be running in free HSC Economics classes for HSC 2018 out of Homebush Boys High School on Sunday morning. I'm an experienced HSC tutor who has also taught Advanced Economics for undergraduate university students and...