Current examples in election year.

[chasej]

I was just thinking that due to the federal election coming up, fairly close to the final exam, meaning budgetary policy may be liable to significant changes sometime soon including the promised abolishment of carbon tax etc. by the LNP (pretty major one).

How would examiners sort this out? i.e. there may be some policies which are abolished/changed at the time of exam which were taught earlier in the year as they were correct at the time. Would full marks be awarded for talking about the original policy or must the current policy, even if it's like changed the day before the exam or whatever need to be discussed in relevant questions. (I'm asking because if current, up to the minute, policies are only acceptable I would only focus on learning policies which are likely to remain the same no matter what the outcome of the election).

Thanks.

[Lasercookie]

From http://www.vcaa.vic.edu.au/Documents/vce/economics/econfaqs.doc

Unit 4: Area of Study 1

1.   Over what period of time are students expected to know about the performance of the economy?
Students are no longer expected to have knowledge of the performance of the economy in terms of the objectives over the past decade (as was the case in the previous study design). The emphasis now is for students to examine how the policies have been implemented over the past four years.

Unit 4: Area of Study 2

1.   Outcome 2 requires students to analyse the current government policy mix. What is considered ‘current’?
The past four years is considered current. Students should know what the government policy mix is at the present time but they also need to know how it has changed over the past four years.

Does that answer your question?

I never did this subject so take my word with a grain of salt, but going by that quote, I think the answer is that you still need to be familiar with previous policies, but should also keep up to date.

[arandomu]

You should be fine with the Labor Party's 2013-14 budget