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HSC Economics Update: Economic Issues

Mar 18, 2014

Topic 3 of the HSC Economics Course looks at 6 economic issues in an Australian context. These issues are what pervades the content of the daily news and as such, there is so much information that can be included in essays beyond the theory that is in the textbooks. After all, it is the students that go above and beyond that perform the best.

Below find an article on 3 of the 6 economic issues. Part 2 to follow next week…

Economic Growth 

This article from The Australian looks at the relationship between Australia’s current economic growth as a result of monetary policy and rising household demand and expenditure. Excellent for topic 3 and 4!

http://www.imf.org/external/pubs/ft/survey/so/2014/POL031314A.htm

Environmental sustainability 

A very topical issue of late is that of the Liberal government’s commitment to unlist some of the World Heritage site of Tasmania forest in order to grow the forestry industry. Whilst there are no doubt some short term economic benefits, what are the environmental impacts long term? This is of growing importance in the world of economics.

http://www.abc.net.au/news/2014-03-17/abbott-recommits-to-delisting-tas-forests-with-new-liberal-govt/5324926

Distribution of income and wealth

This article is an overview from the International Money Fund about effective ways to cut inequality through fiscal means. Useful for essay questions on topic 3 and 4!

http://www.imf.org/external/pubs/ft/survey/so/2014/POL031314A.htm

HSC CoWorks offers HSC Tuition and HSC Coaching in Sydney across a number of subjects including HSC Economics. Our team is made up of a team of HSC experts. Experienced HSC teachers, HSC markers, high achieving ex-students and certified life coaches. We have been a part of successful HSC campaigns since 1996 and in this time we have worked with 1000s of students as they have made the climb up Mount HSC® to get into their dream University course.

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📣Year 9 & 10 Students get your FREE TRIAL SESSION in Mosman this weekend! Our weekly sessions will give you a head start in building the skills, confidence, and habits you need for success in senior school and beyond. With expert coaching, a structured framework, and a focus on long-term growth, this program will empower you to take ownership of your learning while developing essential study skills that will set you apart! #hsccoworks #studyskills #hsccoaching

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Success in the HSC (and beyond) starts with key behaviours! At HSC CoWorks, we know that academic success is all about building the right habits and behaviours. That’s why we coach our students to embrace these six key behaviours that drive results, including: ✅ Planning Ahead – No last-minute cramming, just consistent effort. ✅ Training Consistently – Just like an athlete, success comes from practice. ✅ Seeking and Using Feedback – Growth happens when we embrace feedback. ✅ Pushing Through Challenges – Discomfort = progress! ✅ Taking Ownership – The HSC is in your hands. These aren’t just study habits; they’re life skills. The students who succeed in the HSC (and beyond) aren’t necessarily the smartest—they’re the ones who commit to these behaviours every day. Are you ready to train like a high performer? Let’s go! 🚀 #HSC2025 #TrainForTheHSC #KeyBehavioursForSuccess

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NEW BLOG POST OUT NOW 📣 ✅ How can you help your child get organised? ✅ How can you increase your child’s motivation? ✅ What is the value of minimising distractions? ✅ An array of FREE HSC CoWorks resources! Link in bio 👆🏼 #hsccoworks #hsccoaching #nswschools #LinkinBio #HSCsuccess #NoRegrets #HSC2025 #HSC2026 #year9 #year10 #studymotivation #mounthsc