WACE Economics
Subscribing to ReviseOnline WACE Economics course (Units 1&2 and Units 3&4) gives you access to an extensive range of revision material, which can deliver a significant boost to your ATAR score. WACE Economics is designed to give the student a better understanding of the analysis of the allocation, distribution and utilisation of scarce resources that determine our wealth and wellbeing. Unit 1&2 in Year 11 covers economic enquiry and the operation of the economy, while the Year 12 (Units 3&4) course explores Australian economic policy and management in a global context.
Using only WA Curriculum specific assessment material, students use ReviseOnline to develop skills to more effectively articulate responses and manage time pressure, leading to less stress and higher scores.
Users of ReviseOnline Economics will receive:
Course |
Topic tests |
Exam builders |
Full exams |
Year 11 (Units 1&2) |
22 |
1 |
4 |
Year 12 (Units 3&4) (2024 syllabus) |
24 |
1 |
4 |
Structure of assessments
-
Topic tests - 20 Multiple Choice (20 marks), 2 Short Answers (24 marks). Suggested time 55 min each
-
Exam builders - 20 Multiple Choice (20 marks), 3 Short Answers (36 marks), 1 from 2 Extended Answer (15 marks). Suggested time 2hr 30min each
-
Full exams - 20 Multiple Choice (20 marks), 4 Short Answers (50 marks), 1 from 2 Extended Answer (15 marks), 1 from 2 Extended Answer (15 marks) Suggested time 3hr each
Marking keys
Each test or exam also comes complete with sample answers and WACE style marking keys. Multiple choice is automatically marked for you.
Topic areas covered:
Year 11 (Unit 1&2) |
Year 12 (Unit 3&4) (2024 syllabus) |
Business Cycle |
Australia’s international trade |
Demand, supply and equilibrium |
Free trade and protection |
Economic growth |
Balance of payments |
Elasticity |
Terms of trade |
Income distribution; Government in the macroeconomy |
Exchange rates |
Inflation |
Foreign Investment |
Introduction to economics |
Australia’s macroeconomic performance and the business cycle |
Introduction to macroeconomics |
The aggregate expenditure model |
Market efficiency |
The aggregate demand and aggregate supply models |
Market Failure |
Fiscal policy |
Unemployment |
Monetary Policy |
|
Labour productivity |