Eco predictions/thoughts (2 Viewers)

[bruhmoment.]

what is everyone expecting this year? hoping international orgs will be one of the essays

 

[jn3238291]

I think there is a possibility of IO or FTA for topic 1 here are muy predictions though:

T1: IO / FTA or Global changes
T2: AUD / BOGS / external stab
T3: UE
T4: MICRO

Can count on it there will be no case study esssay Q but you'll see it as a 6/5 marker definitely

could be all wrong but lol

 

[sweettripmafia]

They often ask environmental for short answer.

 

[Zimmins-R-Ponnins]

I looked at the history of HSC economics extended response questions, and I think there'll be at least one economic policy on economic issues question, and something to do with free trade and protectionism, and maybe something to do with external stability or balance of payments

This is going to look horribly, horribly nerdy but heres the data I have to support this estimate, from the past 8 years of HSC economics estimates
(collecting data is easier than studying)

Policies impact on Economic Issues / Objectives

• One or more every single year since 2015 - 17 total
• 4 years had at least one per question

Economic Issues

• 3 included ‘Economic Policies’
• 4 included ‘Macroeconomic Policies”
• 2 included “Microeconomic Policies”
• 1 included “Fiscal Policy”
• 2 included “Monetary Policy”
• 3 included “Labour Market Policies”

Issues / Objectives

• 2 included “economic objectives” (but not since 2017)
• 6 included “Economic Growth”
• 4 included “Price Stability” or “Inflation”
• 4 included “Unemployment” or “Full Employment”
• 4 included Distribution on income (or and) wealth
• 3 included “External Stability” (one as both options)
• 1 included “Australian Economy” (2016)
• 1 included “conflicts between objectives”

On average (excluding general or entire objectives, such as economic objectives, Australian economy), questions included 1.5 issues / objective

• 9 included one topic
  • 2 on environment
  • 2 on economic objectives / economy
  • 1 on economic growth
  • 1 on inflation
  • 1 on conflicts between objectives

• 6 included 2 topics
  • 5 included economic growth
  • 2 included unemployment, inflation, or distribution of income
  • 1 included external stability

• 2 included 3 topics
  • Both occured in the same year, both included external stability, income distribution

Trade, Globalization, Protectionism

• One or more every year except 2020

• 6 included Australia relationship with trade (such as impacts on flows, specific agreements, and impacts on objectives)
• 5 included Global Economic Growth (as a cause or effect)
• 3 included impacts of free trade and/or protectionism
• 2 included the impacts of globalization

BOP or External Stability (including exchange rates)

• 4 years, 50% chance

• 3 included the Balance of Payments or CAD
• 2 specifically referenced exchange rates (most implied / involved)
• 2 included external stability
• 1 included economic growth
  

China

• 2 years, 25% chance

So, yeah, totally nerdy but I would suspect that a economic policy on issues question and a trade protectionism question at the very least

 

[dwondwondwon]

I'm assuming we will be getting a monetary policy essay are some kind of macro essay