Economics Essays Plans (Topic 1-4)

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Resource Description

ECONOMICS ESSAYS

DEFINITIONS  

OUTLINE BODY PARAGRAPHS

LINK TO THESIS

HISTORICAL > STATS

CURRENT > STATS

LINK TO QUESTION

TOPIC SENTENCE

DEFINITIONS + FORMULAS

CAUSE/EFFECT OR ADVANTAGES/DISADVANTAGES

CURRENT TRENDS + FUTURE TRENDS

SUMMARY OF ARGUMENTS

FUTURE TRENDS

FINAL ARGUMENT/THESIS

ESSAYS FOR ELSIE

ESSAYS FOR ELLA

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The Ultimate Guide to HSC Economics Essays

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Struggling to write essays in the HSC? This is the ultimate guide to writing an A-range (17-20) essay in the HSC! Essays comprise 40% of your Final HSC Economics Exam, so getting a good grasp on them is paramount. You are required to respond to two essays in the HSC, Section III and Section IV. Each essay is worth 20 marks each. Section III consists of two stimulus-based essays . You are required to pick ONE of them and respond to it. Section IV consists of two non-stimulus-based essays. You are required to pick ONE of them and respond to it.

General Guide to Essays

Planning your essay.

In the HSC, your first writing booklet will consist of 8 pages, the first being the cover sheet, leaving 7 pages of writing lines. On your first page , plan out our response! In your plan, write down what you aim to explain/discuss/evaluate for each paragraph. But why the first page of the writing booklet? Doesn’t that take up a full page of my writing space? Although it may take up a page of potential writing space, you can always ask for more writing booklets! If you know you’ll write more than 6 pages, ask for extra writing booklets while you do your plan! Put your hand up and wait for the invigilator to give you extra writing paper. Additionally, planning on your writing paper makes it easier for the marker! This is because you show the marker on the first page exactly what you will be talking about in your essay, so as they read it, it makes it easier for them to follow along. The plan also provides a structure to follow so you won’t have a disjointed and unstructured essay! Let’s take a look at Question 26 from the 2022 HSC Economics Exam! (Unfortunately, part of the stimulus is unavailable, however, we still have plenty to work with!)

hsc economics essay sample

When choosing your essay question, you should first break down the question and work out exactly what it asks! The first thing to note is the directive term for the one above . In this case, the directive term is analyse. What does this directive term mean? According to NESA, analyse means:

Identify components and the relationship between them; draw out and relate implications

So, for this question, we need to find the relationship between labour market policies and something else and the implications (effects) on economic growth and the distribution of income. For instance:

Labour market decentralisation results in wages being tied to productivity in the Australian Economy. An implication of this is that it results in a more inequitable distribution of income in Australia, as those who are less skilled have lower productivity and thus will receive lower incomes compared those who are more educated and have higher productivity.

Ensure you know your directive terms and how to respond to all questions, short answers and essays! You can find a list of common economics directive terms in the following document below.

When planning your response, also ensure that it is cohesive and logical. Basically, ask yourself if your plan will make sense to someone else if you show it to them and it is easy to understand! As we can see below, this is also stated in the marking criteria for every essay question.

hsc economics essay sample

Writing Your Introduction

There are a few things you should do in your introduction.

  • Answer the Question! I’ve found that students frequently forget to answer the question, so your first sentence (your “thesis) should directly address the question! For instance, using the above question, we could say “Historical and recent labour market policies have had many mixed implications on economic growth and the distribution of income and wealth in the Australian economy”. It doesn’t have to be complicated, just make sure it answers the question!
  • Define your key terms! For the question above, we would want to define labour market policies and the distribution of income, wealth, and economic growth!
  • Signpost your key arguments! Write down the main points you will discuss in your body paragraphs, which should come from your plan.
  • Link to stimulus (for Section III)! If it is a Section III essay, you should always link to the stimulus in each paragraph. How do we do this? Just say something like “as seen in the stimulus!”

Writing Your Body Paragraphs

Ideally, you should aim for 6-8 points (6-8 body paragraphs) in your essays. However, this isn’t a strict rule. Some students like to break up their paragraphs so they have multiple small ones, whilst others prefer one big paragraph! However, as seen above, you need to demonstrate comprehensive understanding to achieve a 17-20 essay, so we aim for 6-8 points! For each body paragraph, we want to use the PEEL structure. Your classroom probably has a poster of this with a banana on it! Essentially, you want to in each body paragraph.

  • Point: Tell the marker what this paragraph is going to be about. This is your topic sentence! For instance, “labour market decentralisation has resulted in negative implications in the equitable income distribution.” It doesn’t have to be fancy, as long as it tells the marker exactly what you will talk about in your essay and it answers the question!
  • Explain: Explain to the marker what your point is. You may not necessarily always “explain”. It might be evaluate or discuss, but the general gist is to elaborate on our topic sentence.
  • Example: Provide relevant examples and statistics to back up your arguments. Statistics are always your best friend. Ideally, you should have a bunch of statistics to use for all your essays!
  • Link: Essentially, restate the point of your paragraph. “Link” back to the question! If necessary, link to the stimulus as well.

Now, you don’t have to follow this structure to the T. However, it provides a great start for your paragraphs! Ensure that in your body paragraphs, what you’re writing is succinct and clear! Use proper economic terminology! The following shows an example of proper and improper use of economic terminology.

The introduction of the Fair Work Act (2009) had positive implications on the distribution of income in the Australian economy. The JobTrainer Fund consisted of $2 billion dollars from the Federal and State Governments to improve Australia’s labour productivity by training jobseekers and young Australians in free or low fee programs.
The new labour policy led to income distribution to become bad. They spent $2 billion in Jobtrainer to make Australians more skilled so that we can produce more things. You might think who on “who on earth writes like this!” but I’ve seen it before!

For the question above, what are some possible points we can discuss?

  • Labour market decentralisation
  • Fair Work Act (2009)
  • Youth PaTH Program
  • Jobs and Small Business Package
  • VET Training Programs
  • Changes to HECS
  • Addition of 11th National Employment Standard
  • Jobs and Skills Summit

As you can see, there are quite several points that we can use! You don’t have to use all of them; you’ll probably run out of time, but pick the ones you are most confident with!

Writing Your Conclusion

Your conclusion doesn’t have to be complicated; summarise everything you have discussed in a few quick sentences and answer the question again! In fact, if you’re running low on time, rewrite your thesis statement and move on to the next essay!

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Our articles analyse shifts in domestic and international economic issues, providing statistics and bridging real-world events to HSC syllabus points.

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hsc economics essay sample

Essay Resources

Complete exemplar essay.

Question: Analyse the influence of different factors on Australia’s trade and financial flows

Sample Essay Plan

Macroeconomic Policies Essay Plan 

Written by Spencer Hu (1st in HSC Economics 2016)

Practice Exam Papers

Access our collection of past papers, multiple choice, short answer and essay questions with accompanying answers!

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Course notes & short answers.

hsc economics essay sample

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Extended responses, the most comprehensive resources for the hsc economics syllabus, subscribing for a school click here ., extension i, designed for the current hsc economics syllabus, comprehensive band 6 notes on all course topics, 50+ short answer questions with exemplar responses, band 6 extended responses by state rank achievers, essay structures and question breakdowns, new multiple choice questions and answers, exam-friendly and directly usable material, regular updates for all hsc-related content, a snapshot of our team, ignite's team of economics resource producers comprises several students who achieved a state rank in nsw for the course, as well as high-achieving economics graduates from the university of sydney. our team knows exactly how to achieve full marks for each section of the exam, and we want to share that knowledge with you..

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Trade and Financial Flows Essay – Free Sample

Designed for the current HSC Economics Syllabus

Comprehensive band 6 notes on all topics, exemplar responses by state rank achievers, extended response structures and question breakdowns, band 6 exemplar essays, regular updates for all hsc-related materials, ignite's team of economics resource producers consists of several state rank achievers in nsw as well as high-achieving economics graduates from the university of sydney. our team knows exactly how to achieve full marks for each section of the exam, and we want to share that knowledge with you..

Rebecca Rosenberg

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IGNITE has set out with the goal of becoming the leading HSC resource provider in NSW. Our hope is that students can use our carefully constructed resources to deepen their engagement with their HSC courses while learning the practical exam skills that are needed to convert knowledge into marks. We have put together a team of talented analytical minds, including former state-rank achievers, university graduates, and practicing teachers, so that students of all abilities can benefit from the information provided. We have already seen thousands of students excel by using our resources to enhance both understanding and exam performance, and so it is our mission to ensure that these valuable sources of information continue to reach and benefit students across the state.

hsc economics essay sample

IGNITE has set out with the goal of becoming the leading HSC resource provider in NSW. Our hope is that students can use our carefully constructed resources to deepen their engagement with their HSC courses and learn the practical exam skills that are needed to convert knowledge into marks. We have put together a team of talented analytical minds, including former state-rank achievers, accomplished university graduates and practicing teachers, so that students of all abilities can benefit from the information provided. We have already seen thousands of students excel by using our resources to enhance both understanding and exam performance, and so it is our mission to ensure that these valuable sources of information continue to reach and benefit students across the state.

State rank content creators

Band 6 notes for all topics, essay structures and exemplar responses, essay question analysis and breakdowns (inc. sources), exam-friendly and practical, regular updates, ignite's team of economics resource producers consists of several students who achieved a state rank in nsw as well as high-achieving economics graduates from the university of sydney..

Rebecca Rosenberg

IGNITE has set out with the goal of becoming the leading HSC resource provider in NSW.  Our hope is that students can use our carefully constructed resources to deepen their engagement with their HSC courses and learn the practical exam skills that are needed to convert knowledge into marks. We have put together a team of talented analytical minds, including former state-rank achievers, accomplished university graduates and practicing teachers, so that students of all abilities can benefit from the information provided. We have already seen thousands of students excel by using our resources to enhance both understanding and exam performance, and so it is our mission to ensure that these valuable sources of information continue to reach and benefit students across the state.

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Art Of Smart Education

The Ultimate Guide to Getting a Band 6 in HSC Economics

hsc economics essay sample

Learning the HSC Economics syllabus can be tough — there’s so much theory to learn, all these statistics and economic policies to memorise and include in your HSC Economics study notes , and they’re always changing!

But we’ll let you in on a little secret — scoring a Band 6 is way easier if you follow 7 specific steps.

We’ve  based these steps on over 8 years of research with over 2000+ students who scored 98+ ATARs and 10 years of experience tutoring HSC Economics.

So, what are you waiting for? It’s time to set yourself up to become a high-flying banker!

Step 1: Stay on Top of Your HSC Economics Study Notes Step 2: Work One Week Ahead Step 3: Stay Up to Date with the Economy Step 4: Integrate Case Studies and Statistics Into Your Notes Step 5: Convert the Syllabus into Short Answer Questions Step 6: Write Practice Essays Step 7: Teach Weekly

Download our HSC Economics study guide!

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Step 1: Stay on Top of Your HSC Economics Study Notes

HSC Economics Notes - Step 1

Why write study notes for HSC Economics?

  • The textbook has lots of unnecessary information — writing notes helps you focus on the key content, in a way that’s structured more effectively for memory retention
  • It helps you build a strong understanding of the course
  • Ensures you’re covering all the content in a systematic way
  • Enables you to integrate current examples and statistics from the economy

Writing Your Own Notes VS Using Another Student’s Notes

Across all the top students we’ve interviewed who aced HSC Economics (Band Sixers and State Rankers) NONE used other students’ study notes. Every single one created their own study notes.

This is so important, I’m going to repeat this. No top performing students for the HSC Economics course used other student’s study notes.

Sure, they would access them to get ideas and see how other people structured their notes and what they included in them.

But every single one of them then went away and created their own study notes.

How do you write your HSC Economics Study Notes?

We’ve written up a specific more detailed article that goes through how to create your HSC Economics study notes step by step.

Read it, print it, and follow it to create epic study notes!

Action Points: Write your own HSC Economics study notes Don’t use another student’s notes to study from Other students’ study notes are useful for getting inspiration only Follow this step by step guide here for writing your HSC Economics study notes

Step 2: Work One Week Ahead

HSC Economics Notes - Step 2

Over the last decade, we’ve tutored and interviewed a number of state ranking HSC Economics students, including students who’ve scored 1st in NSW. 

We’ve noticed one thing that all HSC Economics state rankers have in common:

They would work (at least) one week ahead of their class at school.

So for example, if their class was covering the topic, Australia’s Place in the Global Economy , syllabus dot point, Trends in Australia’s Trade Patterns , they would have covered it the week before. 

In their own time. they’d be working on the next syllabus dot point to come, Trends in Financial Flows — Debt & Equity .

Why work one week ahead?

Studying the HSC Economics syllabus one week ahead of your class is a super powerful strategy for 3 reasons that have to do with memory retention and comprehension.

Reason #1: You Teach Yourself Content

When you stay 1 week ahead, you have to teach yourself content.

Generally speaking, when you teach yourself something (because you’ve had to really focus and put in more mental effort) you remember the material better.

Want to stay ahead and teach yourself upcoming topics? Check out our HSC Economics Study Notes and Videos page!

Reason #2: Good for Memory Retention

Secondly, working ahead gives you more levels of repetition (which is a key building block of memory).

You’ll hear the same content repeated in class, and then you’ll also complete any homework questions your teacher gives you, which means you’re getting an extra level of repetition.

Reason #3: Room for Questions

Finally, covering the material before you cover it in class means that in class you can really ask specific questions to really clarify your knowledge about the material, instead of asking really basic ones that the textbook likely covers.

How do you work one week ahead?

You might be thinking right now — okay, I’m convinced there’s lots of benefits in going 1 week ahead BUT… I’m struggling to keep up with all my study as it is right now.

How can you realistically work one week ahead?

The good news is that working one week ahead isn’t actually all that difficult! But it does require some planning! Here’s what we recommend:

Print out the HSC Economics syllabus Identify which topic is going to be covered for each term – mark this down on the syllabus For each syllabus dot point in that term, identify the week you’re going to cover it in (e.g. Week 1, Week 2, Week 3 etc) Start covering the first syllabus dot points for that topic in the school holidays, the week before the term begins

That’s it! It’s that simple!

The key is using your last week of school holidays (for any holiday period) effectively to start getting ahead and covering what your class will cover Week 1 of that term.

Alternatively, you can also join an Art of Smart Economics Tutoring class at our Hornsby Tutoring  campus, Castle Hill Tutoring  or Online! Our classes for Economics move 1-2 weeks ahead of what you’re learning at school to make it easier for you to get ahead!

What if you’re reading this mid-term and want to get ahead?

The simplest way to get ahead if you’re in this position is to follow steps 1-3 above, and then c over 2 weeks worth of syllabus content (based on your term plan in Step 3) this week.

Yes, it means more work — but the good news is that it’s limited to 1 week of intense, hard work. Then you’re 1 week ahead and cruising.

So, to wrap all those steps up, let’s take a look at the action points:

Action Points: Make a commitment to go 1 week ahead of your class in the HSC Economics course Download and print out the HSC Economics syllabus Go through the syllabus and map out which content will be covered in which weeks of each school term If it’s the school holidays, use this time to cover the first week of content before school starts so you get ahead If it’s mid-term, cover two weeks of content in 1 week and then follow the weekly plan

Step 3: Stay Up to Date with the Economy

HSC Economics Notes - Step 3

Simply knowing the content for the HSC Economics course won’t get you a Band 6. It might get you a low Band 5… if you’re lucky.

What distinguishes a Band 6 (and State Ranker) HSC Economics student from the other 6,000 students who sit the course each year, is the degree to which:

  • You are familiar with what’s happening in the Australian and global economy
  • Your ability to apply it as examples to support economic theory

Reason #1: In an exam paper,  10-15% of the questions are going to be ‘outliers’ that require deeper understanding

These are unexpected questions that don’t necessarily fit the typical mould that require an in-depth understanding as opposed to rote memorising of the content.

It’s also these questions that top performing students get correct, thanks to staying up to date with the economy.

Reason #2: Showing that you’re up to date and intimately understand the economy is something the HSC markers look for

On the HSC Exam papers, at the top of each section it provides the ‘Marking Guidelines.’

Most students skip over these to get to the question, but they’re actually really important.

Because it’s where NESA is telling you what you need to do to score top marks!

See this example here:

HSC Economics Notes - Practice Q

You’ll note that it specifically states: “ apply relevant economic information, terms, concepts, relationships and theory ”.

This means USE LOTS OF ECONOMIC DATA!

If you don’t use economic data — you’ve pretty much capped your essay at a Band 5 (maximum!). To get the Band 6, you need to stay up to date with the Australian and global economy.

How do you stay on top of the changing economy?

Tip #1: spend 30 minutes each week reading the news over breakfast.

So how can you stay up to date with the economy each week?

You need to dedicate some specific time each week, although it can easily be done in down time that you have so it doesn’t feel like ‘study’.

A simple way to do is to make it part of a Saturday or Sunday breakfast routine (or every morning’s breakfast routine if you’re super motivated!)

Here are some TV programs and news outlets you can watch and read to keep up to date on current economic affairs  this year!

When I was doing my HSC, I made it part of my Saturday morning breakfast routine. I’d pull out the weekend paper, and look through any article that appeared to be about the economy.

I’d read it with a pen in hand, highlighting any relevant sections. I’d then also jot down what part of the HSC syllabus it related to.

Usually I’d find 2 articles that were relevant — all in simply 30 minutes of reading time while I ate breakfast. Simple and easy!

Tip #2: Read the RBA’s Monthly Minutes

Every month the RBA meets to make a decision on monetary policy.

In the following days they then publish a comprehensive set of minutes from their meeting with their rationale for the cash rate decision.

In this rationale, they include A LOT of information about the current state of the domestic and global economy.

That means reading through them is a fantastic way to get monthly up to date statistics and trends in the quickest amount of reading time possible!

Tip #3: Watch Our Monthly HSC Economics Review Videos

Each month our HSC Economics teaching team at Art of Smart Education shoot a talk-show called the HSC Economics Review (#HER).

Here, we discuss the latest updates in the global and domestic economy and deep dive into why these changes have occurred while analysing the impact of on Australia.

This analysis is key for your essays to score a Band 6 , so watching these videos is a fantastic way to level up your critical analysis in your Economics essays.

Tip #4: Use Evernote to Capture & Organise the Articles

A great way to digitally store the articles, highlights and notes you’ve made from reading news article, RBA minutes, or our HSC Economics Review videos is to use Evernote.

Evernote is a great app that works on all devices that enables you to take a picture of an article.

It then converts the picture into a text article which you can then tag/categories and it stores it in the cloud for you to access later. 

What’s brilliant is that you can categorise and tag the article based on what part of the HSC Economics course you think it relates to.

THEN, when it comes to creating your HSC Economics study notes, or studying for your exams, it’s super easy to search and find relevant articles with statistics and examples you can use for specific syllabus dot points and essay questions!

If you feel like this is all too much work, the good news is that we can help you with our HSC Economics Tutoring Sydney classes. Each week our experienced HSC Economics teachers will provide you with the key statistics update so you get all the key stats in one place so you can stay up to date and ace your essays!

Action Points:  Spend 30 minutes reading the news x 1 per week over breakfast Watch our HSC Economics Review videos once per month Download Evernote onto your phone and take picture/web clip relevant articles with economic data and case studies

Step 4: Integrate Case Studies and Statistics Into Your Study Notes

hsc economics essay sample

Want to score over 95% and get a state rank in HSC Economics? 

Then you absolutely need to integrate real world case studies and statistics from the economy into your study notes!

What is the strategy?

Every HSC student (especially prior to Trials and HSC when motivation kicks in!) with some time can learn the economic theory. After all, it’s in the textbook, and covered in class.

Therefore, as we’ve already noted, to really stand out, you need to show that you not only understand the economic theory, but  you can APPLY IT TO THE ECONOMY as well.

This is a lot harder, given that the economy is always changing!

And this is why it’s what will distinguish you from scoring a Band 5/6 and achieving a State Rank.

How can you do this?

The best way to do this is by actively integrating real world examples, case studies and statistics into your HSC Economics study notes in an intentional, planned and strategic way. 

Sure, if you follow Step 3 and stay up to date with the news, you’ll have a solid understanding of what’s going on in the economy.

BUT whilst under pressure in exams, you’ll need to remember the statistics, examples and identify which is the best one to use.

This can be difficult and often doesn’t result in THE BEST EXAMPLES being used for each part of the HSC course.

That’s why, if you take the time to update your notes every now and then by  integrating real world examples, case studies and statistics you find, you’ll be intentionally selecting the best examples for each part of the course!

It also means that every time you study your notes, you’re also refreshing your memory of real world examples and statistics! So it’s got a double-win!

What does it look like?

It’s really quite simple.

At the bottom of your notes for a specific syllabus dot point include a new sub-heading as follows:

Economy Case Studies & Statistics

  • And then in dot points underneath, include all the relevant examples and statistics you can use for this syllabus dot point that you’ve collected from your reading of the news!
  • But don’t just stop here — also include some analysis on this case study or example.
  • Are there any limitations, conflicts with other objectives, or more effective policies etc that could be used?
  • Make a note of this, because it’s this critical judgement about the economy that’s going to get you the extra marks!
Action Points: As you complete writing your notes for each syllabus dot point, include relevant examples, statistics and case studies from the economy + analysis Update these throughout the year as you find more examples and statistics

Step 5: Convert the HSC Economics Syllabus into Short Answer Questions

hsc economics essay sample

How long are your study notes? 40 pages? 50 pages? 70 pages?  Do they feel like a mini-textbook?

Often when writing your study notes, it can be hard to work out what is important and needs to go into your notes, and what is additional/irrelevant material. 

That’s why Step 5 is so important!

How does it work?

Take your syllabus dot point — for example:

  • “Trends in Australia’s Trade Patterns”

Add a verb at the beginning and a question mark at the end and you can turn this into a short answer question:

“What are the trends in Australia’s trade patterns, and why have they changed over time?”

Once you’ve got this question, you can now use your study notes that you’ve written to write a response to this question.

Why does it work?

By having to respond to a mock HSC style question using your study notes, it forces you to consider what is actually important and helps you to evaluate the quality of your study notes.

  • Do you have the required information to answer the question?
  • Have you missed anything?
  • Have you got too much information?
  • Can you cut irrelevant things out of your notes?

The 2 Secret Bonus Benefits

There are also two additional very powerful reasons why you want to do this.

Benefit #1: You apply your knowledge

You write model answers to common questions for every single HSC dot point.

This means that you’re practising applying your knowledge to questions and every time you then review your study notes, you are actually also reviewing model answers to questions!

Benefit #2: You’re completing practice questions

As the year passes and you complete mock HSC style short answer questions for every syllabus dot point, you are also completing past HSC papers one question at a time.

So by the time HSC Trials and exams come around, without even realising it, you’ve likely completed 4-5 past papers worth of short answer questions!

When should you complete the short answer questions?

Don’t wait until your assessment or exam is around the corner! By then it will be too late and you’ll feel that the task is simply too overwhelming to complete.

Instead, each week during the term as you complete a dot point of the course in class, work on your short answer question then.

This way, you’re tackling the unit in small chunks, and by the time you’ve arrived at your assessments and exams, you’ve already been doing lots of exam practice!

Action Points: As you complete your study notes for a HSC Economics syllabus dot point, turn it into a mock HSC style short answer question Use your study notes to create a model response to the question Use the model response to cut/add/improve your study notes Integrate the model answer into your study notes When studying and revising your notes, review the model answer each time as well!

Step 6: Write Practice Essays 

hsc economics essay sample

Do you write practice essays for HSC Economics?

A key difference between a Band Sixer and a State Ranker is the number of practice essays they wrote throughout the year.

In fact, from 10 years of tutoring experience with HSC Economics, I can confidently say the following rule is true: t he number of practice essays you write is directly proportional to your final result.

hsc economics essay sample

Why is this true?

Writing essays is a great way to achieve a couple of goals at the same time.

Reason #1: 40 marks out of 100 in your HSC Trials and Exams are essays

40% of your total HSC Trials and HSC marks are essays. So it pays to be able to write killer essays as they are going to have a big impact on your marks.

They are also the place where students differentiate themselves from their peers to stand out and score a Band 6.

Overall, students will generally pick up fairly solid marks on multiple choice and short answer sections, but struggle to really get marks above 16/20 for essays.

So it’s where you can really be ahead of the pack!

Feeling motivated to get a head start? Here’s our Complete List of HSC Economics Essay Practise Questions for you!

Reason #2: Writing practice essays helps with short answers

Think about it, each paragraph in an essay is essentially a short answer response.

So by working on an essay, you’re actually killing two birds with one stone by also getting some short answer practice in for HSC Economics.

Reason #3: It helps you draw connections between topics

When you get taught HSC Economics in school, everything is taught, ‘ceteris paribus’ which means ‘all other things remain equal’. 

This basically means you get taught concepts and ideas in isolation — so you’ll learn about economic growth separately to inflation.

The idea behind this is that it makes it easier for you to understand how each concept works. 

The challenge however, is that in your assessments and exams, you’ll be asked to explore the connections between different ideas in the course.

If you’ve only focused on multiple choice and short answer questions, you won’t have developed this skill to be able to synthesise concepts across the entire course.

So writing essays during the year is critical for helping you build this skill!

Reason #4: It helps build your memory and understanding

Writing essays and having to go into more depth about specific topics is a great way to revise the content.

You have to include definitions, theory, diagrams, statistics, trends and analysis in essays. 

So, by writing these essays, you’re building up your memory and understanding across all key areas of the course.

If you’re looking for a tutor to review your work and make sure you’re on the right track, our Blacktown tutors are here to help!

How many essays should you write?

As the year progresses, you want to get strong coverage with your essays over the entire course.

We recommend that you write 2 essays per topic, with a total of 8 essays. That’s 2 per term, or roughly 1 every 5 or so weeks.  So it’s super achievable!

What topics essays do we recommend?

TopicSuggested Essay Focus
The Global Economy- Case Study
- Protection and Global Trade
Australia’s Place in the Global Economy- CAD
- Exchange Rates
Economic Issues- Environment
- Income Distribution
Economic Policies- Macroeconomic Policy (Fiscal + Monetary) and its impact on Economic Growth, Unemployment and Inflation
- Microeconomic Policy with the Labour Market

How do you write a killer Band 6 HSC Economics essay?

We’ve written a comprehensive step by step article that shows you exactly how to write a Band 6 HSC Economics Essay that will impress your exam markers!

Action Points: The number of practice essays you write is directly proportionate to your marks at the end of Year 12 The goal is to write 8 essays during the year leading up to HSC Trials — 2 per topic This works out at roughly 1 essay every 5 weeks of school term, or 2 per school term

Wanting feedback on your essays so you can ace your final HSC Economics exam? Get some support from our tutors in the Hills District !

Step 7: Teach Weekly 

HSC Economics Notes - Step 7

The final step in getting that Band 6 in HSC Economics is to teach someone weekly.

What’s the rationale behind this?

Reason #1: Teaching others increases your feedback loop

Ultimately the best way to improve is to get more feedback.

Quite often, the first time students receive feedback is when they get their exam or assessment results back.

This is the WORST time to get feedback because you can’t change it! 

If you could have received this feedback BEFORE the exam however, you could have changed the outcome.

When you teach someone, you get immediate feedback on how you are going — whether you’re right, or whether you could improve your answer.

So by teaching someone each week, you can identify your weak areas and focus on them to ensure you develop your understanding by the time exams come around!

Reason #2: It builds your memory

Teaching someone else has multiple levels of repetition.

You read your notes, communicate the key ideas, the person asks questions and you reply.

This has at least 4 levels of repetition. Compare this to reading your textbook which has 1-2 levels of repetition.

Ultimately, memory building is about repetition — and the more levels of repetition you can fit in the same amount of time, the better!

Reason #3: It enhances your analysis

Finally, teaching someone else enhances your analysis!

T his is because they will ask you questions, which forces you to think more about the connections that exist in the economic course.

You’ll also often find yourself getting into discussions and debates about whether the RBA will drop the cash rate, or whether the budget is effective, or if our unemployment rate is actually an issue.

This debate is critical, because you’re essentially developing your analysis here that you can use in your essays!

Keen to add more depth to your responses? Here are the 4 Economists you should know for the HSC to score a Band 6!

How can you implement teaching others into your routine?

There’s three simple options you can use to teach others.

Tip #1: Teach your family over breakfast as you read your news articles

So given that you’re going to be reading the paper each weekend at breakfast, looking at the key economics news, use this as an opportunity to teach.

Explain to your family the key points in the article, and what the impact will be for the Australian economy.

This is an easy way to integrate this into your week without it taking up additional time.

Tip #2: Form a study group

Find 1-2 friends who you are studying HSC Economics with and schedule in a weekly time (either during a free period or after school), where you can sit down and teach each other.

Each week, pull out the syllabus for what you have been doing at school. 

Then, identify the hardest parts that you are all having difficulty with and try to quiz then teach each other the content.

Additionally, you can also work on the short answer questions together. 

This will enable you to complete quicker, and to a higher quality as you are tapping into 3 brains instead of just yours!

Tip #3: Volunteer to help peers in your class at school

Let your teacher know that you are available to help any students in your class who might need some extra support via peer tutoring. 

This way, if anyone needs help, you can be the go to person to help them.

You might be thinking — “But I’m competing against my peers. They might get a better rank than me. Shouldn’t I focus on me rather than on helping someone else?”

Honestly, if you’re tutoring a friend, they’re likely struggling and ranking poorly, so it’s going to take a BIG improvement for them to outrank you. 

Additionally, by teaching them, you’re actually doing some of the best study ever from a memory point of view so you’re going to be also advancing in big leaps! 

This means you’re actually helping yourself by helping your peers!

Action Points: Teach your family the key concepts from the news articles you read each week over breakfast Form a study group with 2-3 friends so that you can increase your feedback loop and quality of your analysis Volunteer to peer tutor any students in your grade who are struggling

And that wraps up our definitive guide to acing HSC Economics and getting that Band 6! Good luck!

Looking for some extra help with the HSC Economics syllabus?

We pride ourselves on our inspirational hsc economics coaches and mentors.

We offer tutoring and mentoring for Years K-12 in a variety of subjects, with personalised lessons conducted one-on-one in your home, online or at one of our state of the art campuses in Hornsby or the Hills!

To find out more and get started with an inspirational tutor and mentor get in touch today! 

Give us a ring on 1300 267 888, email us at  [email protected]  or check us out on  TikTok !

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What Does A Great Economics Essay Look Like?

Jan 18, 2015

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Every school has a different way of approaching economics essays and that is probably the way you will learn to write them.

Always much more of an English person, I considered Economics my weakness and really struggled in the beginning to write perfect essays. However, with a lot of practice I developed a formula that served me well in Trials and the HSC. I ended up getting a 97 in Eco and I think learning to write successful essays played a big part in that.

I’ve seen lots of example essays given out by teachers as exemplars that are heavy on theory (which is also important) but light on current information. I think this is where the real marks lie. Economics essays should be logical, clear, succinct and simply written. Here then are some of my tips for developing a kickass essay style:

Your introduction should provide comprehensive but succinct definitions of all the terms in the question. Go to your textbook (especially the Riley one) for the best definitions and have lots of them up your sleeve in exams. Then briefly outline the answer to the question and list the points you will discuss, kind of like a table of contents. If it’s applicable, you can also give some brief information on the current situation in the economy i.e. statistics, currently policy stance etc.

Here’s a top-notch example of an introduction for the following essay question:  

Analyse the causes of an appreciation in the value of the $A and the impact of a sustained appreciation of the currency on the Australian economy.

An exchange rate refers to the price of one currency expressed in terms of another in order to give a measure of its purchasing power. The two main ways of measuring the $A are through a bilateral measurement (the $A measured against one other currency, usually the $US) or through the Trade Weighted Index, which measures the $A against the currencies of Australia’s major trading partners, weighted according to their importance to Australia’s trade. Since financial deregulation in 1983, Australia has had a floating exchange rate – meaning that the $A is determined by the market forces of supply and demand. An appreciation of the $A – which refers to an increase in the purchasing power of the currency – will therefore occur as a result of either an increase in demand or a decrease in supply. The major impacts of an appreciation of the $A include its effect on the BOGS component of the Balance of Payments, inflation in Australia, issues associated with international competitiveness and appropriate policy responses, as well as the valuation effect on Net Foreign Debt.  

So you’ve covered all the definitions, given a bit of background and outlined how you’re going to answer the two parts of the question. If this was still 2012 or 2013 you could briefly discuss the recent sustained appreciation and give some stats…but you get the gist.

Now for the body! Before even putting pen to paper, it’s important to consider the most logical structure for the essay. I used to spend about 5 minutes during the exam quickly coming up with a structure and it was never time wasted. For example, you might split the essay into different parts to address different sections of the question separately. Or you might structure the essay in terms of cause and effect, domestic vs. global influences etc. Whatever you choose, make sure it’s logical. You can’t have stuff all over the place.

In a great Economics essay, every paragraph will include simply-written but sophisticated theory. Unlike English, it’s best not to use big words and complicated senses. You just have to get to the point, and kind of treat the marker like an idiot…this means you have to explain every step in a process. Where applicable, include a clear diagram with an explanation. After the theory and the diagram comes the current information. SO IMPORTANT!! An Eco essay is nothing without some info from the real world, and a really good essay will be covered in numbers.

You can be original with your conclusion. Obviously, sum up your points but it’s a good idea to include a brief discussion about the future of the issue e.g. consequences for policy, for the economy etc. Let’s use an essay on China as an example. In your conclusion you might talk about how China will have to find other sources of growth, will have to address growing environmental challenges…

Here’s my own conclusion:

While globalisation and government policies have contributed to increased trade, investment and financial flows and a consequential improvement in living standards, China still faces various challenges to its future economic growth and development – particularly environmental issues, disparities between regions and rebalancing the economy’s sources of growth. If government policies prove successful in managing these issues, China may very well become the world economic superpower in future decades.  

I hope these tips prove useful! And the one thing I can’t stress enough is practice, practice, practice. Sounds like the most obvious thing in the world but if you really commit to it, you’ll start seeing the results.

Don’t forget that you can submit practice essays or parts of essays to the HSC CoWorks online marking service and it will be marked with constructive feedback within 72 hours.

LITERARY TECHNIQUES

Texts and human experience, module c - the craft of writing, pdf of our planning pad for download, pdf of our mind map pad for download.

hsc economics essay sample

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The ultimate podcast for students and parents navigating the journey of the HSC. Presented by HSC CoWorks, each episode dives into the challenges and triumphs of the HSC experience, offering expert advice, study tips, and insights into achieving academic success.

Whether you’re preparing for exams, managing stress, or looking for ways to stay motivated, this podcast is your go-to guide for all things HSC. Join us as we chat with educators, students, and professionals to help you thrive during this important academic milestone!

Year 12 starts soon… But the climb up Mount HSC can begin now! 🏔️ Not sure how to get started? Check out our most recent podcast ep: “Your Roadmap to HSC Success with Jesse Gardiner. Link in Bio 👆🏼

hsc economics essay sample

🚨 HSC 2025 🚨 Don’t wait until Year 12 to start climbing! ⛰️ In our latest podcast episode, Head Coach Jesse Gardiner reveals his insider tips on how to make the most of the time between now and the start of Year 12. Don’t miss out - seize this valuable opportunity! 💪🏼 Link in Bio 👆🏼

Every HSC journey comes with its setbacks & challenges, but overcoming obstacles is where the true growth happens! It’s not about avoiding challenging tasks—it’s about developing the mindset and strategies to push right through them. Here’s how to tackle obstacles head-on: 1. Stay Solution-Focused: Instead of getting stuck on what’s hard, focus on finding solutions. Break tasks into smaller, manageable parts. 2. Ask for Guidance: Whether it’s a teacher, coach, or family member, don’t dismiss reaching out for guidance when you’re stuck. HSC CoWorks coaches work with students every week to switch them into a growth mindset, see past the challenge and find a way forward. 3. Learn from Mistakes: if something isn’t working, adjust your plan, your approach, your technique. Remember, your mistakes are stepping stones to success. Keep pushing forward! 👊 Obstacles are part of the process, whether you’re a sporting hero or HSC student. Stay determined, and you’ll come out stronger! 💪 #hsc2024 #hscstudytips

Make these 3 simple changes to supercharge your HSC Exam Prep 🎯 1. Create a Vision Board Visualise your goals! A vision board keeps your focus sharp and reminds you why you’re putting in the effort every day. 2. Train Every Day Consistency is key. Make study a daily habit, just like exercise. Small, regular study sessions build long-term retention and confidence. 3. Push Your Comfort Zone Challenge yourself with harder questions and unfamiliar topics. Growth happens when you step beyond what’s easy. Embrace these three small changes and watch your confidence soar! 💥 #hsc2025 #hsccoworks #hscstudy

Prelims are done and Year 12 is almost here! What can you do to start Year 12 strong? 💪🏻

Prelims are done and Year 12 is almost here! What can you do to start Year 12 strong? 💪🏻

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hsc economics essay sample

hsc economics essay sample

Practical Guide on How to Collect Statistics for HSC & Prelim Economics

This is my state-ranking guide to collecting statistics for HSC Economics!

Zack Bolland

Zack Bolland

99.80 ATAR, Dux, 8th in NSW for Econ

🤔 Why do we use Economic Statistics in our Writing?

To put it simply, students who use economic statistics provide credibility to their arguments. The HSC Economics course requires students to formulate arguments in response to short answer and essay questions.

Using statistics as supporting evidence proves two things to the marker:

The arguments you are marking are valid and have occurred in real life.

You have engaged with the course content and are reading beyond the syllabus.

It is a well-known fact that students who use statistics throughout their responses are rewarded with higher marks than those who choose not to. This is because markers do not have to deliberate as to whether a certain economic theory or concept is true - statistics provide the evidence that they are looking for.

Economic statistics help markers differentiate between correct and dubious claims, which can also assist students with weak theoretical knowledge to prove their point in a more efficient manner. Moreover, the HSC Economics syllabus and HSC Economics exam marking guidelines imply that statistics are needed to achieve top marks, as students are required to make a “well-informed judgement” - a judgement that require quantitative evidence.

Looking for a handy source of statistics? The HSC Economist articles published by Project Academy are a great source of statistics!

📊 Types of Useful Economic Statistics

hsc economics essay sample

1. Economic Objectives

The most versatile types of economic statistics are based on the six core economic objectives mentioned in the syllabus under Topic 3. These statistics can be used as supporting evidence in a variety of essays and short answer questions, particularly for essay questions based around statistics/changes in the Australian economy.

Economic Growth → Real GDP (quarterly and yearly)

Price Stability → Underlying Inflation Rate (quarterly/yearly)

Full Employment → Unemployment Rate, Size of Labour Force, Participation Rate, Underemployment Rate, Unemployed Persons, Youth Unemployment Rate

Distribution of Income and Wealth → Gini Coefficient (yearly figures)

Environmental Sustainability → Greenhouse Gas Emissions (quarterly and yearly)

External Stability → BOGS, Current Account Balance, NFD and NFL as a % of GDP, Exchange Rates, Terms of Trade, NPY Balance (quarterly/yearly figures)

2. Economic Development Statistics

  • Human Development Index, Life Expectancy, OECD Index Rankings, Greenhouse Gas Emissions per capita

3. Fiscal and Monetary Policy Trends

Interest rates (monthly), including rationales for each cash rate movement

Size of Budget, Budget Outcomes and Fiscal Policy Stance, including rationales for each decision

Include specific policies from each Budget (preferably from the last ten years) with statistics

4. Free Trade Agreements

Number of countries participating and year created

Total exports that go towards countries involved in the agreement

% of GWP the FTA accounts for

% of protection removed between member nations in terms of trade in a particular industry

5. Global Economic Organisations and Forums

Examples of specific policy decisions with related statistics

6. Case Study

When preparing for the Case Study, it’s important to consider Australia’s Economic Objectives in the context of your chosen country. For example, consider the rate of Real GDP in your chosen country or their level of Greenhouse Gas Emissions - Australia’s economic objectives are a great starting point when looking for statistics for your case study. This will ensure you can answer an essay question that asks you to compare and contrast Australia and an economy of your own choosing. It is also important to note down policies that your selected economy has implemented throughout history, which is a more common question in the HSC.

7. Other statistics

Household Savings Ratios

Export and import composition

Changes in the value, direction and composition of trade and financial flows

Minimum Wage

Composition of the Balance of Payments

Composition of Net Foreign Liabilities

📝 How Do I Organise my Economics Stats?

hsc economics essay sample

1. Reuse your Economics Statistics Across Topics!

I would encourage students to organise their economics statistics to specific years or time periods. Why? Because there are many statistics that can be used across a variety of topics and subtopics. For example, statistics about Australia’s historical current account deficit can be used in a Topic 2 essay (Balance of Payments), a Topic 3 essay (External Stability) and even a Topic 4 essay (Fiscal Policy). When you organise your statistics by time periods or years, you only have to memorise the statistics once and can reuse them where necessary.

When creating my own ‘Economics Statistics Sheet’, I stuck to these time periods and key concepts:

20th Century → Pre-2000s

Global Resources Boom → Mid-2000s

GFC → 2007-2009

Australian Mining Boom → 2010-2012

Post-Mining Boom Slowdown → 2012-2016

BREXIT and US-China Trade Tensions → 2016-2019

COVID-19 → 2020- (ongoing)

Future Projections and Predictions → 2025 onwards

2. Use both Recent and Historical Stats!

Students should prioritise recent time periods over historical data (i.e. more than ten years ago) as markers will often consider the data to be outdated and/or irrelevant. However, it is important for students to analyse some historical data, as it can be used as a reference point to highlight the importance of economic policies and targets. For example, comparing Australia’s 1980s inflation rate with its 2010s inflation rate demonstrates the effectiveness of the inflation targeting framework that Australia adopted in the early 1990s. Thus, by organising statistics by time periods, it allows students to make a more informed judgement that recognises the significant changes that have occurred in both the global and Australian economy.

✍️ How to Use Economic Stats in Your Writing

Write about how to use economic stats to maximise marks, maximise persuasiveness of arguments, etc

Provide a short answer question exemplar involving use of statistics

1. How to use stats

The fundamental rule of using economic statistics is that they should be used to support the argument a student is making, not to make the argument for them . With this in mind, I’d encourage students to use statistics after they make an argument and explain their argument - you don’t want to use a statistic too early! Statistics are meant to act as a ‘proof’ for the claim(s) that a student makes in their essays or short answer responses.

It is also wise for students to use two statistics from different time periods in the same sentence to show the effect of XYZ or to prove how an economy has transitioned. In the below example, I compare the level of income inequality that Australia had in 1997 to the level of income inequality that it has now . This statistic is effective because it shows that Australia has an ongoing problem with income inequality, which has increased since the 1990s . Notice that this statistic is not used to make my argument that the LMITO tax offset will improve income inequality, rather it is used to prove to the marker that there is a need for this policy and that the ‘likely impact on Australia’s economic performance’ is that it will resolve the issue mentioned in the statistic.

2. Short answer question example

“Outline one policy from the recent budget (2021/22) and assess its likely impact on Australia’s economic performance” (3 marks)

The continuation of the $7.8b low-middle-income tax offset will increase the disposable incomes of 10.2 million low-middle-income earners in Australia by limiting the rate of tax paid as a leakage. This will have a greater-than-proportional benefit for lower income households, improving the level of income inequality in Australia. For Australia, its current 0.323 Gini coefficient created a need for this policy, as Australia has seen a +0.026 rise in its Gini coefficient since 1997, signalling a deterioration of income inequality over the past 20 years. As such, this policy should also boost the purchasing power of high-MPC, low income earners, leading to stronger consumption levels and greater aggregate demand. This will create a derived demand for labour, limiting the rate of cyclical unemployment and improving economic growth in a broader attempt to reach the 3-4% growth goal set out in the 1997 Mortimer report.

In this exemplar answer, a real-life example, a statistic and additional extension material is used together to formulate a 3/3 response. As you can see, statistics are not used to make an argument in response to the question, rather to supplement the overarching argument that the LMITO tax offset policy will improve income inequality and boost economic growth in Australia.

Want access to a wide range of past papers for every subject? Sign up to courses at Project Academy to receive such benefits and more!

🧐 How Do I Find Stats for Economics?

When it comes to finding statistics for HSC Economics, there are a variety of useful sources available to students.

1. Past Papers

An underrated method of finding statistics for HSC Econ is sifting through past papers and analysing the source material included in each paper. Usually, Question 25 and 26 of every Economics past paper will include graphs, statistics and a quote from a famous economist. More often than not, these sources are highly relevant, contemporary information that can be incorporated into a number of essays for the HSC.

2. RBA Snapshots

Each month, the RBA will create a summary of ‘Key Economic Indicators’ and other assorted statistics that are highly relevant to the HSC course. These statistics will help you keep up-to-date with contemporary economic information, even if you look at it the day before your HSC Econ exam. The resource is easy to read and accessible to all.

3. ABS Key Economic Indicators

If you’re looking for a more detailed set of statistics that will cover all your bases for the HSC, head on over to the ABS website to look at their ‘Key Economic Indicators’ page. This page contains an extensive number of statistics that go beyond the syllabus and can be used as ‘extension material’ to include in essays.

4. Project Academy

If you enrol as an Economics student at Project Academy , we offer a number of valuable resources and statistics that align to every single syllabus dot-point. Teachers will go out of their way to research and discover additional statistics and examples that can be incorporated into short-answer questions and essays. Joining the Economics cohort at Project will give you access to these valuable insights and the multitude of resources we have available.

5. The ABC News Kohler Report

If you’re running out of time before your Economics exam and need to memorise a few additional statistics, head on over to Alan Kohler’s daily finance report on the ABC. Not only is the information contemporary, but the report provides an explanation to each statistic and trend, which can also be incorporated into essays and short answers.

🕵️ What Other Things Should I Look Out For?

hsc economics essay sample

1. Diagrams

To complement your statistics, diagrams are a great way to represent certain concepts or ideas visually. Markers love diagrams because they are visually appealing and they allow the marker to ‘take a break’ from pages of handwriting . When drawn properly and referenced throughout the adjacent paragraph, diagrams are a highly effective way of obtaining additional marks for your essays.

2. Mathematical Derivations (Extension)

If you want to extend yourself beyond diagrams and statistics, you may wish to use mathematical derivations to prove that a certain economic theory is valid. For example, when explaining the Twin Deficit Theorem, it may be wise to deconstruct the circular flow of income. This will help you prove that a budget deficit is commonly associated with a current account deficit - a historical, causal relationship in Australia.

At equilibrium, Injections = Leakages

Investment + Government Spending + Exports = Savings + Taxation + Imports

I + G + X = S + T + M

(I - S) + (G - T) = (M - X)

Savings-Investment Gap + Budget Deficit = Trade Deficit (CAD)

This mathematical derivation proves the causal relationship between a budget deficit and a current account deficit, validating the argument in a logical fashion.

📈 Types Of Diagrams

  • Recommend a couple, e.g. Supply vs Demand, e.g. tax diagram, e.g. price floor/ceiling, e.g. subsidy graph, production possibility frontier, etc

Supply and Demand Graphs

Appreciation and Depreciation Graphs, e.g. J-Curve Diagram (appreciation, depreciation)

Protection Graphs (tariffs, quotas, subsidies)

Price Floor and Ceiling Graphs

Negative and Positive Externality Graphs

😮 How And When To Use Diagrams

1. in essays.

Diagrams should be used to illustrate difficult concepts in a simple fashion. For example, students may struggle to explain how the Carbon Tax internalises negative externalities and shifts the Marginal Private Cost curve to meet the Marginal Social Cost curve. However, a clearly labelled diagram will help markers identify the intended effect of the Carbon Tax and can be used as a point of reference to supplement an otherwise difficult explanation.

The average student will typically take around 1-2 minutes to construct a diagram in their economics essay. Therefore, students need to be judicious in their selection of appropriate diagrams and the amount of diagrams they decide to use.

Personally, I limited the number of diagrams per essay to 3. I did this for two reasons:

To give myself additional time for explanations, references to the diagram and other areas of the exam paper that were incomplete.

To prevent myself from going overboard with unnecessary diagrams that added little to no value to my essay.

Students should use diagrams at their own discretion, but should know that too many diagrams will detract from the quality of their essay and will not necessarily provide them with additional marks. If you need some examples of how to use diagrams, exemplar past hsc exam papers are a good source of well-written essays with well-executed diagrams!

For tips with economics essay writing, read this article !

2. In Short answer questions

Students should avoid using diagrams in short answer questions. Not only do diagrams take up the limited space given to answer short answer questions but they are hardly effective unless they can be properly deconstructed. If you are unsure as to whether you ‘wrote enough’ to achieve full marks in a particular question and you have additional time left over, including a diagram may be worthwhile to secure those missing marks. However, only include diagrams that are relevant to the question and meaningful.

🎨 How To Draw Diagrams

Draw the X and Y axis, label them (approx. a third to a quarter of the page)

Label the curves and draw them accurately

Create points of reference on the X and Y axis (i.e. real stats)

Include arrows and show a movement on the graph

Annotate or scribble where necessary

Include a title and reference it!

These are things commonly searched on google, write 50-80 words per response in an interesting way that reflects your understanding of the course and what you think would be useful for students.

1. Is Economics hard for the HSC?

Conceptually, some would argue that Economics is difficult. However, students who apply their theoretical knowledge to practical study methods, such as past papers, do not find the subject as challenging. Students who engage with the content, read beyond the textbook and prepare accordingly for Economics will not find the subject difficult.

2. What is the best HSC Economics tutoring in Sydney?

Project Academy has achieved four Economics state ranks from 2020-2021. These results are a testament to the close-knit community and the supportive Project staff. Each tutor at Project is an expert in their respective subject and can guide every student to their academic goals. Project’s application-based learning style and exam program (LEAP) has helped its Economics students to routinely achieve high Band 6s every year alongside state ranks.

3. How does Economics scale in the HSC?

Economics is often labelled a ‘high-scaling’ subject due to the complex nature of concepts and ideas introduced in the course. Students who undertake Economics as an HSC subject and perform well in the course are likely to see a significant boost to their ATAR. But most importantly, don’t do Economics just for the scaling — you need to make sure you would actually enjoy the subject!

4. Where can I find year 12 Economics notes?

If you are unable to find notes for Economics, I would encourage you to look through Project Academy’s website to locate additional resources made by state-ranking tutors. Whilst notes are important, it’s also important to consolidate your knowledge via past papers and practice questions. These can also be found on Project’s website.

5. How do I make HSC Economics notes?

The best way to make HSC Economics notes is to use the syllabus dot points as a guide, using in-class resources, textbooks or alternative resources to note down important concepts and ideas under each dot-points. As tempting as it is, it is highly inefficient to write down absolutely everything you can find under each dot-point. Use your own discretion to differentiate between what is important and what isn’t - this will make your note-taking more efficient and effective.

6. What are the best year 12 Economics textbooks?

Most HSC Economics teachers will use Tim Riley or Tim Dixon’s textbook. However, in my honest opinion, textbooks are prone to containing irrelevant information and have a tendency to over-explain and complicate simple concepts. I did not use a textbook in Year 12 and relied on Project Academy’s resources when I was a student there.

7. Is Year 12 Economics similar to Year 11 Economics?

Year 11 Economics focuses on microeconomics, whereas Year 12 Economics focuses on macroeconomics. Most concepts learnt in Year 11 are expanded on in Year 12. A strong foundational knowledge in Year 11 will certainly help students excel in Year 12. Some would argue that Year 12 Economics is considerably more enjoyable than Year 11 Economics due to its real-world application.

8. How do I study for HSC Economics?

To put it simply, students should prioritise their understanding and avoid memorising HSC Economics content. Students should write a detailed set of notes using the syllabus as a guide but should not rely on notes as their only form of study. By completing past exam papers and practice questions in conjunction, students will apply their knowledge to questions that could appear in their HSC exam, allowing them to isolate aspects of the syllabus that they struggle with and to work from there.

hsc economics essay sample

Exam Preparation: The Mental Preparation

What most exam guides miss, and what most students cannot observe, is the hidden mental preparation high performers go through to fully prepare for an exam.

Anna Pahlman

Anna Pahlman

99.25 ATAR & ALL-ROUNDER

hsc economics essay sample

Textual Conversations - The Context of Sylvia Plath and Ted Hughes

Katriel discusses the Plath and Hughes' context within the scope of module A!

English Team

English Team

Katriel Tan and Marko Beocanin

hsc economics essay sample

A Short Guide for Film Techniques for HSC English

Studying a film for HSC English? This one's for you.

Elliese Tjeuw

Elliese Tjeuw

hsc economics essay sample

T.S. Eliot Exemplar Essay - Module B HSC English Advanced

The following essay was written by Fenna Kroon, Project's English Resourcer!

Fenna Kroon

Fenna Kroon

94 in English Advanced

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  1. Trade/Globalisation HSC Economics Essay

    hsc economics essay sample

  2. HSC Income Distribution Essay

    hsc economics essay sample

  3. Economics Essay

    hsc economics essay sample

  4. Economics set of essays HSC

    hsc economics essay sample

  5. Essay on Economic Growth

    hsc economics essay sample

  6. HSC Economics Essay: Unemployment

    hsc economics essay sample

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  1. Dreams || What is Dreams? Unit 2 Lesson-1 || HSC English 1st Paper || English 1st Paper

  2. #economics. #studytips

  3. [A level Economics] How to Improve Your Econs Essays

  4. Honours 2nd year Economics Exam preparation: Suggestion Analysis Sub: Intermediate Micro Economics

  5. Calicut University 1st Sem Managerial Economics Previous Year Short Essay Questions With Explanation

  6. 12th

COMMENTS

  1. A State-Ranker's Guide to Writing 20/20 Economics Essays

    NOT GOOD: "Economic growth increased by 1 percentage point in 2017 to 2018". NOT GOOD: "GDP was $1.32403 trillion in 2017". GOOD: "The 2017 Budget's Infrastructure Plan injected $42 billion into the economy — up 30% from 2016's $31 billion, and 20% higher than the inflation-adjusted long-term expenditure.".

  2. How to Write a Band 6 HSC Economics Essay

    Editor's Note: Although this post was made in 2018, any sample responses will be written as if they were written in 2016, reflecting the current state of the economy at the time. Step 1: Plan Your Response. Step 2: Finish Your Introduction Strong. Step 3: The Writing Process. Step 4: Practise Writing HSC Economics Essay Plans.

  3. Economics 2021 HSC exam pack

    Mathematics STEM Pathway - Stage 5. Mathematics STEM Advanced Pathway - Stage 5. Planning for success in secondary Mathematics. Stage 1 Teacher modelling. Stage 2 First guided practice. Stage 3 Second guided practice. Stage 4 Joint construction. Support materials for students with disability K-6. Assessment.

  4. Economics Essays Plans (Topic 1-4)

    Economics Essays Plans (Topic 1-4) RETURN TO RESOURCE LIBRARY SUBSCRIBE TO OUR EMAIL LIST. Grade: HSC. Subject: Economics. Resource type: Essay. Written by: N/A. Year uploaded: 2021. Page length: 35. DOWNLOAD THE RESOURCE.

  5. HSC Economics Past Papers

    HSC Economics Past Papers. We suggest going through each past paper under test conditions and then getting a teacher or friend to mark your extended response and short answer section responses. Now if you're also studying Business Studies, you should read through our guide on writing a Band 6 Business Studies report!

  6. Maharashtra Board 12th HSC Economics Sample Paper 2025 PDF

    Important Points about HSC Economics Sample Papers 2025. Alignment with Syllabus: The sample papers are designed to reflect the latest syllabus and examination pattern set by the Maharashtra Board. Variety of Questions: They include a range of question types, such as multiple-choice, short answer, and essay-type questions, providing ...

  7. How To Write A Band 6 HSC Economics Essay

    Still can't quite get the hang of writing Economics essays? Well, you're in luck! Rowan shares his top tips in this video so you can get those precious marks...

  8. The Ultimate Guide to HSC Economics Essays

    This is the ultimate guide to writing an A-range (17-20) essay in the HSC! Essays comprise 40% of your Final HSC Economics Exam, so getting a good grasp on them is paramount. You are required to respond to two essays in the HSC, Section III and Section IV. Each essay is worth 20 marks each. Section III consists of two stimulus-based essays.

  9. HSC Economics Resources

    HSC Economics resources. Practice with our collection of HSC Exam papers. Updated articles and Economics statistics. Free Download. top of page. Enrol Now. ... Sample Essay Plan. Macroeconomic Policies Essay Plan . DOWNLOAD FREE ESSAY PLAN. Written by Spencer Hu (1st in HSC Economics 2016) Past Papers.

  10. Ultimate Guide to HSC Economics Past Papers

    Past Papers Master List. To keep things all in one place for you, here's a master list with all of NESA's past HSC Economics past papers from 2011 to date, complete with the answers and assessed topics! Be sure to bookmark this tab for easy access. 2022 Paper and 2022 Answers. 2021 Paper and 2021 Answers. 2020 Paper and 2020 Answers.

  11. PDF 2013 HSC

    Title. 2013 HSC - Economics Band 5/6 Question 28 sample 1. Author. Board of Studies, Teaching & Educational Standards. Subject. 2013 HSC Economics standards materials. Created Date. 2/10/2015 11:18:47 AM.

  12. 2018 HSC Economics Exam: Solutions and Sample Answers

    Sample answer: b) Calculate the rate of growth in real GDP from 2016 to 2017. (2 marks) Sample answer: c) Explain the relationship between net foreign debt and net foreign liabilities. (2 marks) Answers could include: outline of net foreign debt and net foreign liabilities. explanation of their relationship.

  13. Economics

    Welcome to the home of Ignite's HSC Economics resources! Ignite's team of Economics resource producers comprises several students who achieved a state rank in NSW for the course, as well as high-achieving Economics graduates from the University of Sydney. Our team knows exactly how to achieve full marks for each section of the exam, and we want ...

  14. Sample HSC Papers : Economics

    HSC Standards Package for Economics. In 2001 the Board of Studies introduced, as part of the Higher School Certificate, major changes to the way in which student achievement was reported. ... Exemplar samples of non-multiple choice items. The 2002 Standards Packages include in a separate area an exemplar sample for all questions and options ...

  15. Complete Guide to HSC Economics

    Look for examples of economic theory in the news, in case studies, or even in your own life. Practice explaining how these concepts apply and what the implications might be. Exam Practice: ... The second document you should create is your HSC Economics Essay Plans. This is where you can craft your arguments for the different topics in the ...

  16. THSC Online

    HSC Economics Papers. Home Page Back to Year 12 - HSC Up One Folder. Note: Some materials listed are from old syllabus prescriptions. Note 2: 2021 exams were conducted online, so the format of materials listed may differ slightly. Sample answers or marking guidelines included with most papers. To contribute past papers or other practice ...

  17. Sample-Essay-Macro

    Crest Economics - Sample Essay Plans. Crest HSC Economics Tuition Crest offers specialised Economics tuition through our online course. Students enrolled in our online program will have access to: - Detailed resource booklets including essays and essay plans for commonly asked questions - Full length videos covering the resource booklets, accessible for 12 months - Online Q&A help ...

  18. The Ultimate Guide to Getting a Band 6 in HSC Economics

    Step 1: Stay on Top of Your HSC Economics Study Notes. Step 2: Work One Week Ahead. Step 3: Stay Up to Date with the Economy. Step 4: Integrate Case Studies and Statistics Into Your Notes. Step 5: Convert the Syllabus into Short Answer Questions. Step 6: Write Practice Essays. Step 7: Teach Weekly.

  19. What Does A Great Economics Essay Look Like?

    3. In a great Economics essay, every paragraph will include simply-written but sophisticated theory. Unlike English, it's best not to use big words and complicated senses. You just have to get to the point, and kind of treat the marker like an idiot…this means you have to explain every step in a process.

  20. Practical Guide on How to Collect Statistics for HSC & Prelim Economics

    1. Past Papers. An underrated method of finding statistics for HSC Econ is sifting through past papers and analysing the source material included in each paper. Usually, Question 25 and 26 of every Economics past paper will include graphs, statistics and a quote from a famous economist.

  21. HSC Economics

    This is a set of 10 20/20 exemplar essays written for HSC Economics Topic 2. Written by Christian, a 99.95 ATAR student who achieved 97/100 in HSC Economics, these essays are both rich in detail and concise and will no doubt be a great help for any student taking HSC Economics. I have vetted this resource carefully and picked it for its quality ...