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HSC Economics Update: Economic Issues Part 2

Mar 25, 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 the second 3 of the 6 economic issues.

Unemployment

This article from The Australian looks the growing rise in youth unemployment in Australia at the moment. This is a huge contributor to unemployment across Australia and also a very good real life situation to use in your essays on topic 3 and 4!

http://www.theaustralian.com.au/national-affairs/policy/job-scarcity-fuels-social-disaster/story-fn59noo3-1226862647204#

Inflation

A very topical issue of late is that of growing push inflation as a result of the high Australian dollar and economic growth currently occuring. This article looks at some of the specific causes and  effects that this is having.

http://www.afr.com/p/markets/petrol_fruit_and_veg_push_inflation_FCNzGTXldtHIGtW7JyO7TO

External Stability 

In the most recent RBA monthly meeting, they decided to keep the cash rate the same, signalling a “period of stability”. This article looks at what external stability is influenced by growth and inflation amongst other as this article has lots of useful information for essays across topic 3 and 4.

http://www.smh.com.au/business/reserve-bank-keeps-cash-rate-on-hold-as-home-building-continues-to-climb-20140304-3457q.html

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

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🎯 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.

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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?”