Economics Essays prediction (1 Viewer)

bigupsanky

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I have a hunch that the stimulus essay is going to be about monetary policy because of RBA's consistent interest rates cuts, and that the section 4 essay is going to be on free trade and protection because of Trump's tariffs. NESA loves to make questions based on recent events in economics. What do y'all think.
 

WeiWeiMan

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I have a hunch that the stimulus essay is going to be about monetary policy because of RBA's consistent interest rates cuts, and that the section 4 essay is going to be on free trade and protection because of Trump's tariffs. NESA loves to make questions based on recent events in economics. What do y'all think.
nah bro that's what they want you to think
instead, you gotta look at the world around you and think about what seems completely irrelevant. that'll bewhat the essay's on
 

ben_from_econtools

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There was never a specific COVID question after COVID so I would avoid thinking that major events inform the questions! That being said knowing the impacts from those events will be relevant for a multitude of questions that you could be asked. Also be wise to say all the cuts - RBA have been very cautious and it has been a very slow easing cycle (3.6% is still high by historical standards). I agree with you though, macro policy is a good guess and a broader question on globalisation is definitely a good guess too :)
 

bigupsanky

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There was never a specific COVID question after COVID so I would avoid thinking that major events inform the questions! That being said knowing the impacts from those events will be relevant for a multitude of questions that you could be asked. Also be wise to say all the cuts - RBA have been very cautious and it has been a very slow easing cycle (3.6% is still high by historical standards). I agree with you though, macro policy is a good guess and a broader question on globalisation is definitely a good guess too :)
Thanks a lot for clarifying! And right now despite a good rank, I feel very wary about the upcoming HSC, mainly because of the large amount of statistics and essay plans to memorise. Any tips and tricks in the last few weeks till the exam?
 

ben_from_econtools

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Thanks a lot for clarifying! And right now despite a good rank, I feel very wary about the upcoming HSC, mainly because of the large amount of statistics and essay plans to memorise. Any tips and tricks in the last few weeks till the exam?

Have you got your essay scaffolds and stats already set up? If not make a few main scaffolds for key question categories (e.g. globalisation, macro policy, micro policy, enviro etc.) and then practice adjusting the scaffolds to different past question types. Memorising the stats is also important. Ideally your main scaffolds would have those stats and then you see how you can re-use them across the different question types as you try and adapt to them. If the new questions don't fit for those stats/your arguments then think:

1) Is this a niche question unlikely to be asked? (some of the time when there is a niche question the second one is easier) If yes, you can consider prioritising learning other areas.
2) If no, then think about creating a new scaffold for that question 'type,' or adapting your existing scaffold if that scaffold was too fitted to a specific question. Think about adapting the stats too if required or learning new ones. I liked learning general stats like Australia's growth since 1990 averaged to now (same with CPI and unemployment) then a few key periods that show when policy did/didn't achieve the goals. That is a great starting point for macro policy basically, and helps with micro (as long as you add a few examples of policies to go with the periods).

Basic areas to cover for scaffolds at a minimum I would say: globalisation and Australia, case study, enviro, micro (if you focus on labour market policies that ticks off labour market policy questions to an extent too, and if you focus on trade and protectionism reforms that overlaps with globalisation, enviro reforms can also be micro so can use them to overlap), macro policy (monetary and fiscal policy stances and impact on achieving outcomes)

Also keeping abreast of new stats is good.

Good luck!
 

bigupsanky

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Have you got your essay scaffolds and stats already set up? If not make a few main scaffolds for key question categories (e.g. globalisation, macro policy, micro policy, enviro etc.) and then practice adjusting the scaffolds to different past question types. Memorising the stats is also important. Ideally your main scaffolds would have those stats and then you see how you can re-use them across the different question types as you try and adapt to them. If the new questions don't fit for those stats/your arguments then think:

1) Is this a niche question unlikely to be asked? (some of the time when there is a niche question the second one is easier) If yes, you can consider prioritising learning other areas.
2) If no, then think about creating a new scaffold for that question 'type,' or adapting your existing scaffold if that scaffold was too fitted to a specific question. Think about adapting the stats too if required or learning new ones. I liked learning general stats like Australia's growth since 1990 averaged to now (same with CPI and unemployment) then a few key periods that show when policy did/didn't achieve the goals. That is a great starting point for macro policy basically, and helps with micro (as long as you add a few examples of policies to go with the periods).

Basic areas to cover for scaffolds at a minimum I would say: globalisation and Australia, case study, enviro, micro (if you focus on labour market policies that ticks off labour market policy questions to an extent too, and if you focus on trade and protectionism reforms that overlaps with globalisation, enviro reforms can also be micro so can use them to overlap), macro policy (monetary and fiscal policy stances and impact on achieving outcomes)

Also keeping abreast of new stats is good.

Good luck!
Thank you very much! Also, Econ Tools has been really helpful in my stats collection for each of my topics! Keep it up!
 

bigupsanky

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Protectionist Policies/Free Trade
i think thats a top prediction. This from a valid source ig:
1. external stability
2. Micro/monetary/fiscal (all separate)
3. free trade protection
4. changes in global economy and effect on australia
5. economic issues causes and effect
 

bigupsanky

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Anyone got A1 economics essay predictions? they've apparently gotten it right for 4 years straight
 

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