Lol no offense but your making Psych seem like a breeze.
I don't think you quite understand the significance of a new study design, a new Section C and the fact that thousands and thousands of other people are going in with "Psych is going to give me an easy 50..."
Personally I'd go with Uni Psych, it seems like a great course (PM minilunchbox about it!)
PS. I'm almost tempted you take Psych so I can have a friendly comp with you, but IMO your better off with Uni Psych especially considering that's the field you want to enter.
I know Psych is definitely not a breeze, I did do it last year 
But it will be much easier for me as I'm familiar with a lot of the course work, and I know exactly how to study it now. I've also discussed the new study design with my teacher; he said I shouldn't worry too much about it.
I can't do the Uni thing anymore, if you read my other post I couldn't find universities that have it available in my area and it was way competitive to get into.
The exact degree I want to do is combined Psych/Business admin, where around the lowest and highest scores I need is about 81-85... so yeah!
It's good that you can learn from last year, and that you are familiar with the coursework, but so were the students who
have already tried repeating 3/4's, who didn't improve all that much. Even with knowing all this, getting a 40+ in Psych the second time round will require as much, if not more work, as doing Revs and acquiring a decent 30's score.
But of course, like I said, it's about what you deem important, and you seem to be really passionate about Psych, and if that's what you want there's nothing stopping you from working hard and pulling off an amazing SS.
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Mm, but I'm sure the people who repeated got bored. I can see how it can happen, overestimating your ability because you don't see the point in restudying stuff too heavily that you already know and all.
But I am soooo damn stressed about getting the ATAR score I need, that I will try my absolute hardest at all my subjects. The thing is, I would much more prefer to be doing that with Psych than with Revs; something completely unfamiliar to me because the last time I did any type of History was in year 8!