
Overview
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DISCLAIMER: These courses are based on the Western Australian Curriculum but many of the course concepts and topics should apply to ATAR courses in other States and Territories.
Course Outline for Economics Unit 3:
This Economics Unit 3 course is designed to cover all the core concepts and syllabus points for the Economics Unit 3 syllabus ‘Australia and the Global Economy’, and what might be presented in an Economics examination. For each of the main focus areas, a PDF of the guided presentation is provided, with each presentation containing all of the most up-to-date syllabus points, recent economic data as of 2020, tips and examples of past exam questions and their respective marking keys.
In addition to the guided presentations covering course content, a presentation on ‘how to write an extended answer in Economics’ has also been included, which provides lots of helpful tips and examiner insights that will help you improve your exam preparation.
Access this course to give yourself the best chance of extending your knowledge and applying that knowledge to improve your Economics Exam performance.
The videos in this course will follow the textbook: Investigating Macroeconomics (5th Edition) by Greg Parry and Steven Kemp and will cover the following topics:
Chapter 1: Global Interdependence
Chapter 2: Free Trade and Protection
Chapter 3: Australia’s Pattern of Trade
Chapter 4: The Balance of Payments
Chapter 5: Terms of Trade
Chapter 6: Exchange Rates
Chapter 7: Foreign Investment.
Course Features
- Lectures 26
- Quizzes 0
- Skill level Year 12
- Language English
- Students 40
- Assessments Yes
Curriculum
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Economics Year 12 - Unit 3 1
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Course OverviewLecture1.1
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Global Interdependence 3
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Global Interdependence & Economic LinksLecture2.1
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Patterns & Trends In Global TradeLecture2.2
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International Competitiveness & GlobalisationLecture2.3
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Free Trade and Protection 8
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Free Trade & The Australian EconomyLecture3.1
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Comparative AdvantageLecture3.2
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Gains From Specialisation & TradeLecture3.3
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Forms of ProtectionLecture3.4
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TariffsLecture3.5
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SubsidiesLecture3.6
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Arguments For ProtectionLecture3.7
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Trade Agreements, Organisations & BlocsLecture3.8
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Pattern of Trade 1
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The Balance of Payments 2
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Balance of PaymentsLecture5.1
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Australia’s Current AccountLecture5.2
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Terms of Trade 2
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Terms of TradeLecture6.1
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Australia’s Terms of TradeLecture6.2
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Exchange Rates 4
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Exchange Rate ConceptsLecture7.1
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TWI & Factors Affecting Exchange RatesLecture7.2
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Balance of Payments & Exchange RatesLecture7.3
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Australia’s Exchange RateLecture7.4
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Foreign Investment 4
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Foreign Investment ConceptsLecture8.1
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Foreign LiabilitiesLecture8.2
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The Current Account & Foreign LiabilitiesLecture8.3
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Foreign Direct Investment & Foreign DebtLecture8.4
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Extended Answer Writing 1
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Extended Answer WritingLecture9.1
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