Assessment and exam practice.

Try this with Economics

1. Check the task format, time limit and permitted materials with your school.
2. Start with one timed section or task and record where you spent the most time.
3. Review errors before attempting another section. Separate missing knowledge from timing problems.

View Economics resources on ATARMAXXING ↗

Practice paper focus areas

• Exam 1 — trade composition and direction; comparative advantage; balance of payments
• Exam 2 — global linkages; tariff welfare; terms of trade
• Exam 3 — trade intensity; PPF gains; exchange-rate market
• Exam 4 — free-trade agreements; quotas and subsidies; foreign investment
• Exam 5 — opportunity-cost ratios; current-account drivers; TWI movements
• Exam 6 — trade liberalisation; double-entry transactions; currency effects
• Exam 7 — tariff model; saving–investment gap; international investment position
• Exam 8 — specialisation; terms-of-trade trends; exchange-rate scenarios
• Exam 9 — Australian trade patterns; portfolio versus direct investment; multiplier process
• Exam 10 — protection arguments; balance-of-payments calculation; currency appreciation
• Exam 11 — comparative-advantage calculation; tariff deadweight loss; recent macro indicators
• Exam 12 — trade agreements; current and financial accounts; cash-rate transmission
• Exam 13 — PPF and opportunity cost; commodity prices and terms of trade; AE equilibrium
• Exam 14 — trade-intensity calculation; foreign assets and liabilities; business-cycle turning points
• Exam 15 — subsidy model; exchange-rate demand and supply; CPI and GDP calculations
• Exam 16 — quota effects; balance-of-payments double entry; consumption function
• Exam 17 — gains from trade; foreign-investment evaluation; output gaps
• Exam 18 — Australia–Asia linkages; terms-of-trade shock; aggregate-supply shock
• Exam 19 — protection and the macroeconomy; TWI data interpretation; inventory adjustment
• Exam 20 — Unit 3 synthesis; Unit 3 data and models; Unit 4 synthesis