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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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Got questions about the HSC? We’re going LIVE this Thursday to answer them. From essays and quotes… To study balance, trials prep, and everything in between! Join our Head Performance Coach + team as we break it down and give you real, practical strategies you can actually use. 📅 Thursday, April 9 ⏰ 6PM P.S. Bring your questions and we’ll answer them live.

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🚨 MARCH RAFFLE – FINAL DAYS TO WIN A $75 WESTFIELD VOUCHER 🚨 Every rep = a shot to win. Upload a Mind Map → 🎟️ 1 entry Submit a Challenge Question → 🎟️ 1 entry The more you submit… the more chances you have. Simple. But here’s the real win 👇 Every submission = feedback Every feedback = chance for improvement 🎯 Practice. Submit. Win.

One of the biggest mistakes students make in the HSC is trying to avoid getting things wrong.

❌ They delay practice.
❌ They wait until they feel ready.
❌ They leave feedback too late.

Confidence doesn’t come from getting your answers right the first time. It comes from getting it WRONG early enough to improve.

The students who perform best:
✅ Practice questions early
✅ Practice their writing consistently
✅ Get feedback weeks (not days) before exams

🎯 The goal isn’t to avoid failure. It’s to use it, early, so you can walk into exams calm, prepared, and confident.

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One of the biggest mistakes students make in the HSC is trying to avoid getting things wrong. ❌ They delay practice. ❌ They wait until they feel ready. ❌ They leave feedback too late. Confidence doesn’t come from getting your answers right the first time. It comes from getting it WRONG early enough to improve. The students who perform best: ✅ Practice questions early ✅ Practice their writing consistently ✅ Get feedback weeks (not days) before exams 🎯 The goal isn’t to avoid failure. It’s to use it, early, so you can walk into exams calm, prepared, and confident.

The students who stay consistent during the HSC?

They’re not more disciplined. They’re more connected.

Connected to:
🏔️Where they’re going
🏔️ Who they want to become
🏔️ What’s possible if they follow through

Because when your vision is strong, you stop negotiating with yourself.

You don’t wake up and ask: “Do I feel like studying today?”

You wake up and ask: ““What do I need to do today to get closer to the top of Mount HSC?”

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The students who stay consistent during the HSC? They’re not more disciplined. They’re more connected. Connected to: 🏔️Where they’re going 🏔️ Who they want to become 🏔️ What’s possible if they follow through Because when your vision is strong, you stop negotiating with yourself. You don’t wake up and ask: “Do I feel like studying today?” You wake up and ask: ““What do I need to do today to get closer to the top of Mount HSC?”