ECONOMICS HSC EC HEAD START LECTURE 2019 Presented by: Isaac Dela Torre
Today’s Agenda Economic Skills Globalisation HOW TO SMASH HSC ECONOMICS!! Protection Development Case Study Introduction
Housekeeping Rules Ask Questions Phones on Answer silent Questions Let me Be know if I’m Respectful too fast Study Skills Globalisation Protection Development Case Study
Skills: Preparing for the Exam Find your • Exam • study habits • Be present technique • Engage with Understand > • Leveraging • the material memorise Adrenaline Keep up to Ask Questions • • Game Plan • date Study Skills Globalisation Protection Development Case Study
Syllabus Overview Australia’s Place in The Global Economic the Global Economic Issues Economy Management Economy Study Skills Globalisation Protection Development Case Study
Syllabus Overview Australia’s Place in The Global Economic the Global Economic Issues Economy Management Economy Study Skills Globalisation Protection Development Case Study
Syllabus Overview Australia’s Place The Global Economic in the Global Economic Issues Economy Management Economy Study Skills Globalisation Protection Development Case Study
Exam Overview • 20 Marks • Drawn from all four topics Multiple Choice • 40 Marks • Drawn from all four topics Short Answer • 20 Marks • Focuses on one to two topics Stimulus Essay • 20 Marks • Focuses on one to two topics Extended Response Study Skills Globalisation Protection Development Case Study
Exam Overview • 20 Marks • Drawn from all four topics Multiple Choice • 40 Marks Key Tips: • Drawn from all four topics Attempt all four sections (you have a choice of essay question in 3 and 4) Short Answer Need knowledge across the whole topic and how the topics interrelate Understand economic trends • 20 Marks Know what order you will do the exam in • Focuses on one to two topics Stimulus Essay • 20 Marks • Focuses on one to two topics Extended Response Study Skills Globalisation Protection Development Case Study
Multiple Choice: A Read question carefully B Underline/highlight/draw C Cross out incorrect ‘part’ D Read every answer Study Skills Globalisation Protection Development Case Study
Multiple Choice • Example: The law of demand states (a) That as the price of a good decreases, the quantity demanded will decrease (b) That as the price of a good increases, the quantity demanded will increase (c) That as the price of a good increases, the quantity demanded will decrease (d) That as the price of a good increases, the quantity supplied will increase Study Skills Globalisation Protection Development Case Study
Multiple Choice • Example: The law of demand states (a) That as the price of a good decreases, the quantity demanded will X decrease (b) That as the price of a good increases, the quantity demanded will X increase (c) That as the price of a good increases, the quantity demanded will decrease X (d) That as the price of a good increases, the quantity supplied will increase Study Skills Globalisation Protection Development Case Study
Short Answer • Look at the mark value and the lines provided to gauge what level of detail • They have accounted for people who have large writing • Break down the question • Highlight the directive verb and the content the question asks • Try to plan an answer in your head before writing • saves having to scribble out Study Skills Globalisation Protection Development Case Study
Short Answer 1. Signpost your answer – use numbers 2. Write a one/two word answer and underline When a marker marks, they look for the key words to make sure you • understand and are answering the question – put the front and centre 3. Explain the answer making sure to relate it to the question and adequately explain/define terms Study Skills Globalisation Protection Development Case Study
Short Answer Explain two reasons why economies experience different levels of development (6 marks), HSC 2014 Study Skills Globalisation Protection Development Case Study
Short Answer Explain two reasons why economies experience different levels of development (6 marks), HSC 2014 1. Natural resource endowment Economies with larger quantities of resources use these resources to generate export income, which can be used to fund education and health unlike those with limited natural resources who are unable to generate income to fund this development. 2. Political and economic institutions. Some economies are supported by well-developed institutions, which protect property and investments and minimise corruption. In contrast, other economies have weak political institutions, which discourage the private and public investment necessary to fund development. Study Skills Globalisation Protection Development Case Study
Short Answer Numbered Heading Explain two reasons why economies experience different levels of development (6 marks), HSC 2014 Cause + effect Define terms 1. Natural resource endowment Link to Question Economies with larger quantities of resources use these resources to generate export income, which can be used to fund education and health unlike those with limited natural resources who are unable to generate income to fund this development. 2. Political and economic institutions. Some economies are supported by well-developed institutions, which protect property and investments and minimise corruption. In contrast, other economies have weak political institutions, which discourage the private and public investment necessary to fund development. Study Skills Globalisation Protection Development Case Study
Practice Q: Explain why schools set homework (4 marks) Study Skills Globalisation Protection Development Case Study
Economics Essay Example Question: For an economy other than Australia, discuss and evaluate the strategies used to promote economic growth and development Study Skills Globalisation Protection Development Case Study
Economics Essays: Planning Choose Question Directive Verb Highlight Brain Dump • Don’t waste • Shapes what • Key words • Knowledge time deciding your essay • Break down • Concepts proves • Go with your the question • Graphs gut • stats For an economy other than Australia, discuss and evaluate the strategies used to promote economic growth and development : Discuss – provide points for an against Evaluate – provide a judgment based on criteria Strategies – this is asking us for policies the government put into place Economic growth and Development – it is important to know the difference between the two (they are defined in the essay) as well as the criteria for each so that you can properly evaluate if the strategies lead to Economic growth and development Study Skills Globalisation Protection Development Case Study
Economics Essay Introduction Trend Analysis Body Paragraphs Conclusion Study Skills Globalisation Protection Development Case Study
Introduction • Essays are marked impressionably – don’t piss off marker • Usually this determines what band you’re in and the rest of your essay dictates what mark 1. Definition of the key words in the question 2. Address the question and be your “ thesis ” for your essay which basically outlines your argument and your stance 3. Outline what will be in your subsequent paragraphs 4. Finally, sum up your introduction by linking your paragraphs to your thesis and the question. Study Skills Globalisation Protection Development Case Study
Define Introduction Example Economic growth is defined as an increase in the total value of goods and services produced by an economy over a period of time, whereas Thesis economic development is a qualitative measure of a countries wellbeing based on quality of life which is measured through the Human Development Index (HDI). The Chinese economy has undergone Paragraph 2 Paragraph 3 Paragraph 1 major structural reforms in order to promote economic growth and development by embracing globalisation. Economic growth and development have successfully been increased through strategies such as the Open-Door Policy, Agricultural Reforms and Special Economic Summation and Link Zones. These changes have seen increases in China’s GDP growth as well as HDI and other development attributes. More over these policies benefits have not been shared equally as there a large extent of inequality within China. Study Skills Globalisation Protection Development Case Study
Trend Analysis Trend Analysis 7 Include: 6 • direction 5 • a high point 4 • a low point 3 • an average • current point 2 1 0 1 2 3 4 5 6 Exchange Rate Economic Growth Column1 Study Skills Globalisation Protection Development Case Study
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