What type of question would be asked for this task? (1 Viewer)

JessBottrell

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Hey, this is my assessment notification for my task 2 Australia's place in the global economy for economics. They won't give us sample questions so what would be the type of questions asked?
 

Scrambled

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I had my exam on Tuesday for the same dot points and we got "Analyse the recent influences on Australia's current account"
 

t234

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I had my exam on Tuesday for the same dot points and we got "Analyse the recent influences on Australia's current account"
any tips on how you prepared for the task?
 

Scrambled

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Oh I just basically made essay scaffolds for like questions I thought they might ask. For example with that question, I would make an essay scaffold basically outlining my main points (cyclical factors on the CA) and the theory behind them (dot points only), and if possible add any stats to it. This is the table I would basically fill in for each of my arguments:
1743229646164.png
 

ben_from_econtools

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These are some of the past paper questions that relate to this topic.
  • 25: Discuss the effects of sustained budget deficits on economic growth and external stability in the Australian economy. In your response, refer to the economic information provided (20 marks, 2019)
  • 28: Assess the importance of factors that determine the size and composition of Australia’s current account (20 marks, 2018)
  • 28: Explain the impacts of an appreciation of the Australian dollar on individuals, firms and government in Australia (20 marks, 2024).
  • 25: Analyse the impact of changes in the components of the balance of payments on the value of the Australian dollar. In your answer, refer to the information provided (20 marks, 2022)
  • 25: Assess the impact of exchange rate fluctuations on the external stability of the Australian economy. In your response, refer to the information provided (20 marks, 2020)

Those tables are a solid way of preparing, well done! I'm sure you would have, but it is also good to try and use statistics that are adaptable to multiple questions to reduce memorisation workload. Same with graphs.

I have built tools to prepare notes in this sort of way, with the tool giving you access to a large database of statistics, graphs and examples of arguments organised by syllabus and types of questions you might be asked. It also automatically tracks your statistics so you can see what is coming up most often. This helps trying to prioritise learning and using those statistics.

It's at econtools.com.au and gives you free 7 days to try!

Good luck
 

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