HSC Economics. The smart way to prepare for your HSC.

Globalisation and Australia’s Place in the Global Economy including Balance of Payments

This course will revise the key components of HSC Economics Topic 1 – The Global Economy, introduce the key themes of HSC Economics Topic 2 – Australia’s Place in the Global Economy, and investigate some of the pitfalls associated with answering examination questions in Economics. Specific attention will be given to the characteristics of globalisation and the economic implications for economies around the world of this continual process of globalisation and change. This course will also cover the role played by Australia in the globalised economy, with particular reference made to the Balance of Payments.

This course is part of a three-part series covering key areas from within this subject’s syllabus. Other courses include HSC Economics Preparation (Part 2) and HSC Economics Preparation (Part 3). Students do not need to attend all three parts in order to benefit. The series is supplemented by the HSC Economics Exam Preparation Course to prepare students' for end of year exams.

Outcomes

By the end of this course, you should be able to:

• examine the impact of the globalisation process on economic growth and the quality of life, levels of unemployment, rates of inflation and external stability
• assess the potential impact on the envi