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

Exchange Rates and the Six Economic Issues

This course will discuss the way in which current and relevant economic statistical data can improve responses in Economics, revise the key components of Exchange Rate theory and the arguments of Free Trade and Protection (HSC Topic 2), as well as a revise the key concepts of HSC Topic 3 – Economic Issues.

Particular attention will be given to the effects of fluctuations in exchange rates on the Australian economy, and the importance of Australia maintaining Free Trade relations with the globalised world. The revision of Topic 3 will focus on the highly examined areas of Unemployment and Inflation.

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 1) 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:

• discuss the impact of free trade and protection policies on the quality of life in Australia
• hypothesise about the structure of industry within Australia in the future with continued global interdependence
• use supply and demand diagrams to explain how the value