Economics in year 12 (1 Viewer)

[ericaerica]

Is the year 11 economics content really important for year 12 or is it pretty much new stuff?

I'm finding a few concepts and terms hard to understand...

 

[enoilgam]

Is the year 11 economics content really important for year 12 or is it pretty much new stuff?

I'm finding a few concepts and terms hard to understand...

Year 11 is theory based, whilst year 12 is the application of that theory to the real world and Australia. So yes year 11 is important to a degree, especially stuff like S&D etc.

 

[powlmao]

Economics is equal to sex

You will be fine.

 

[iRuler]

Economics is equal to sex

You will be fine.

Would rep if was using my comp.

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OP: yes it's important, year 12 is pretty much based off year 11 so pay attention.

 

[kwu1]

economics is equal to sex

you will be fine.

lol!

Year 11 Economics is a the platform for your learning in year 12. Supply and demand: price mechanism and implications is particularly important.

 

[ericaerica]

Is RBA, APRA, ASICS and that important?

 

[kwu1]

It's assumed knowledge for Year 12. So I guess so.

 

[LightXT]

Year 11 economics isn't essential for HSC Eco, even if it assumed knowledge. I speak from experience.
Out of the three you mentioned, only RBA is in the HSC syllabus, and you go over it again...so you don't need to remember Prelim.

 

[slyhunter]

Year 11 economics isn't essential for HSC Eco, even if it assumed knowledge. I speak from experience.
Out of the three you mentioned, only RBA is in the HSC syllabus, and you go over it again...so you don't need to remember Prelim.

Idk, it's important to understand theory like supply and demand.

 

[will_]

i get the basic concepts, but is all the money stuff in it, like the setting of cash rate by rba, and m1, m2, m3 etc?

 

[Bobbo1]

yeh as long u understand the concept u should be good, save all the theory learning for year... and monetary policy is one whole chapter so yes setting of cash by rba is in the hsc, but i cant remember what m1, m2, m3 are so im pretty sure its not in it
u should also just flick through the year 12 syllabus to check what u need to know

 

[determine]

Year 11 only crosses over with Year 12 a little bit - just the core concepts are useful so that you don't feel completely lost when addressing more complex concepts in Year 12!

I'm selling my Economics notes among my other subjects too (http://community.boredofstudies.org/showthread.php?t=266313), which if used, will take a lot of the stress out of note preparation and give you a fantastic guide and platform!