Economics 09

[khalil]

I have a series of questions to ask:

1. How should i tackle eco in 09? should i read news articles everyday? what articles should i specifically read?
2. Is it possible to do past exam papers....if exams ask for CURRENT economic events...then how is it possible  that we can do past exams?

thanks

[cobby]

Make sure you know your theory before you begin reading the articles.
I for one struggled with it, and pretty much only in the second half of the year i really began making connections between the theory and the real world.
Do exam papers..just change the year that its asking about
The "Warringal Publications" Economics study guide was awesome and a very handy tool for me.
Checkpoint +checkpoints + checkpoints
Thats all i can think of now =]

[Fyrefly]

This was an article I stumbled across during my exam revision 4 microeconomics a couple of weeks ago: http://news.ninemsn.com.au/article.aspx?id=647276
 ...umm... I don't know the VCE eco course, but I would still think it relevant even on a simple demand/supply level.

In terms of generally finding eco articles tho, g2 google news => business => and in search box type "location:australia". Firefox link for this here.

[khalil]

Make sure you know your theory before you begin reading the articles.
I for one struggled with it, and pretty much only in the second half of the year i really began making connections between the theory and the real world.
Do exam papers..just change the year that its asking about
The "Warringal Publications" Economics study guide was awesome and a very handy tool for me.
Checkpoint +checkpoints + checkpoints
Thats all i can think of now =]

does warrigigal publications make a new book every year and where can i get my hands on it
do u thing that in 09 eco they will put  a lot of emphasis on the US financial crisis?

[cobby]

Make sure you know your theory before you begin reading the articles.
I for one struggled with it, and pretty much only in the second half of the year i really began making connections between the theory and the real world.
Do exam papers..just change the year that its asking about
The "Warringal Publications" Economics study guide was awesome and a very handy tool for me.
Checkpoint +checkpoints + checkpoints
Thats all i can think of now =]

does warrigigal publications make a new book every year and where can i get my hands on it
do u thing that in 09 eco they will put  a lot of emphasis on the US financial crisis?

Not to sure about warringal publications, thats the only books of bought from them so really unsure :S
Not necessarily the US financial crisis, but most probably the effect that the crisis had on Australia
Just took a stab in the dark there

[Fyrefly]

Make sure you know your theory before you begin reading the articles.
I for one struggled with it, and pretty much only in the second half of the year i really began making connections between the theory and the real world.
Do exam papers..just change the year that its asking about
The "Warringal Publications" Economics study guide was awesome and a very handy tool for me.
Checkpoint +checkpoints + checkpoints
Thats all i can think of now =]

does warrigigal publications make a new book every year and where can i get my hands on it
do u thing that in 09 eco they will put  a lot of emphasis on the US financial crisis?

Not to sure about warringal publications, thats the only books of bought from them so really unsure :S
Not necessarily the US financial crisis, but most probably the effect that the crisis had on Australia
Just took a stab in the dark there

Sounds like a good stab tho, I would've guessed the same thing.

[ReVeL]

Make sure you know your theory before you begin reading the articles.
I for one struggled with it, and pretty much only in the second half of the year i really began making connections between the theory and the real world.
Do exam papers..just change the year that its asking about
The "Warringal Publications" Economics study guide was awesome and a very handy tool for me.
Checkpoint +checkpoints + checkpoints
Thats all i can think of now =]

does warrigigal publications make a new book every year and where can i get my hands on it
do u thing that in 09 eco they will put  a lot of emphasis on the US financial crisis?

Not to sure about warringal publications, thats the only books of bought from them so really unsure :S
Not necessarily the US financial crisis, but most probably the effect that the crisis had on Australia
Just took a stab in the dark there

Yeah I would expect that too.

Remember they write the exams in like January I think. This was pretty evident this year due to all the questions on inflationary pressures, high $A and budget surpluses despite these things not really being as relevant at the time of the exam.

Look out for any major economic events in the next few months because theres a good chance they'll be included in the exam next year. Climate change is a good example of that, which came up this year after being in the news alot.

In terms of easy to read articles, I'd go to www.mrwood.com.au but they only come out monthly until school starts.

[khalil]

mr. wood isnt free.....should i pay the fee.....is it worth it?

[cobby]

i didnt pay for it, i just used the resources that were available freely on the website...its still really realy helpful

[khalil]

ok...which newspaper do u reckon will be most useful to use? or will it be worthless to but cos vcaa probably is done with writing the exam?

[cobby]

ok...which newspaper do u reckon will be most useful to use? or will it be worthless to but cos vcaa probably is done with writing the exam?

the age?? haha
im not to familiar with any other newspapers
just the locals,age and herald

[khalil]

what textbook do u use cobby? does every1 use economics downunder?  also when in the exam....for eg. if they ask what the cash rate is currently and say it changed like yesterday, do we have to actually state the CURREnt cash rate or will they let us off if we say something close to it?

[cobby]

yeh used economics down under - morris
Rather than remembering the specific statistics of the cash rate,inflation etc etc, just remember the trends of those events, like they wont expect you to refer to 10 years worth of stats number for number, just become very familiar with the trends

[AppleXY]

what textbook do u use cobby? does every1 use economics downunder?  also when in the exam....for eg. if they ask what the cash rate is currently and say it changed like yesterday, do we have to actually state the CURREnt cash rate or will they let us off if we say something close to it?

There are two major textbooks: Economics down under and Economic Activity (2). Most schools use economics down under as it has been updated in 2008
In exams, questions usually ask for a general trend rather than simply stating a statistic which proves nothing. This requires you have to knowledge of current economic circumstances, but you don't have to memorise each statistic by heart lol. I mean, you should know recent cash rate or whatever; but not like in 2006

[cobby]

what textbook do u use cobby? does every1 use economics downunder?  also when in the exam....for eg. if they ask what the cash rate is currently and say it changed like yesterday, do we have to actually state the CURREnt cash rate or will they let us off if we say something close to it?

There are two major textbooks: Economics down under and Economic Activity (2). Most schools use economics down under as it has been updated in 2008
In exams, questions usually ask for a general trend rather than simply stating a statistic which proves nothing. This requires you have to knowledge of current economic circumstances, but you don't have to memorise each statistic by heart lol. I mean, you should know recent cash rate or whatever; but not like in 2006

I had a read through Economic Actvity 2, and its explanations of the theory of economics are better than down under, but down under is more indepth