Studying HSC Economics?
If you really want to score a Band 6, you have to stay up to date with ALL the relevant economic trends and policies as well as have the ability to incorporate them within your exam responses.
I think we can all agree… this isn’t easy to do!
That’s why we’ve created…
The HSC Economics Review
Each month, Terry and myself are going to bring you a new episode where we’ll break down any major economic updates, statistics, and policies.
Most importantly, we’ll help you deconstruct the changing trends and policies so you can utilise them critically in your HSC Economics essays to score that Band 6!
Each episode covers a specific relevant topic:
Episode #1: The Budget & Economic Growth
Episode #2: Monetary Policy & Inflation
Episode #3: The U.S-China Trade War Explained
Episode #4: How to Study and Prep for HSC Trials
Episode #5: Why is the RBA Cutting the Rates?
Episode #6: The Australian Labour Market
Episode #7: What to do if you Failed Your Economics Exam
Episode #8: Exchange Rates
Epsiode #9: Australia’s Environmental Policy
Episode #10: Exam Question Predictions 2019
Episode #11: The Current State of the Australian Economy
Episode #12: 2019 Exam Review
Episode #13: Monetary Policy in 2020?
Episode #14: Will the Australian Economy Face a 2020 Recession?
Episode #15: Bushfires, Drought and the Corona Virus
Episode #16: The Current State of the Global Economy
Episode #17: Update on the China – U.S Trade Dispute
Episode #18: The Impact of COVID-19 on the Global Economy (COVID Part 1)
Episode #19: The Impact of COVID-19 on the Australian Economy (COVID Part 2)
Episode #20: Australia’s Economic Response to COVID-19 (COVID Part 3)
So let’s jump right in!
Episode #1: The Budget & Economic Growth
The most common HSC Economics Essay questions is:
“Analyse the effectiveness of government macroeconomic policy in achieving Australia’s economic objectives”
A key part of acing your answer to essay questions like this is to have a SOLID understanding of…
- The Federal Budget (Macroeconomic Policy)
- And its impact on Economic Growth (Positive AND Negative)
But how exactly do we analyse the effectiveness of a policy? You can find out in the very first episode of the HSC Economics Review:
HSC Economics Review Episode #1: The Budget & Economic Growth
In this episode, Terry and Rowan answer the question of “What is the impact of the Federal Budget 2019 on Australia’s Economic Growth?”
They’ll also take you through how you can apply your knowledge practically within an exam to smash out that Band 6. Check it out!
Episode #2: Monetary Policy & Inflation
There’s a BIG debate in Economics right now:
Should we drop the interest rate further?
But why is this relevant to your HSC? Again, questions within your exam will likely be related to ‘the effectiveness of government macroeconomic policy in achieving Australia’s economic objectives’.
In this episode, Rowan and Terry look at the role monetary policy plays in achieving these objectives and how it relates to fiscal policy:
HSC Economics Review Episode #2: Monetary Policy & Inflation
Make sure to listen closely. This is a topic that you’ll likely be expected to touch on within your exam!
In this episode, Terry and Rowan also get into a debate on whether the RBA will drop the cash rate, or keep it where it is… Are you #teamterry (drop the rate) or #teamrowan (keep the rate)?
Episode #3: The U.S-China Trade War Explained
Within your Economics exam extended responses, you NEED to touch on contextual, real-life examples.
What example could be more relevant than the U.S – China Trade War!
It’s a contextual event that has extremely far-reaching consequences not only on a global scale but also throughout nearly all aspects of the HSC Economics course.
In Episode #3 of the HSC Economics Review, Terry and Rowan really PULL APART the U.S China trade war:
HSC Economic Review Episode #3: The U.S-China Trade War Explained
They’ll take you through why it started, what its consequences may be and most importantly, how you can implement it as an example within your exams.
Episode #4: How to Study and Prep for HSC Trials
Oh no! Trials are coming up!
Not prepared for your Economics exam? Don’t you worry, we’ve got you covered:
HSC Economics Review #4: How to Study and Prep for HSC Trials
In this video, Rowan and Terry go through how to study and prepare effectively for your HSC Trials. If you want to smash out a Band 6 in Economics all you have to do is follow this simple 4 step process!
Episode #5: Why is the RBA Cutting the Rates?
In Australia, we actually have a negative interest rate!
As a student, it’s SUPER important that you know WHY this is.
It has a lot to do with the fact that the RBA has recently dropped the cash rates to a historical low! We cover it in this episode:
HSC Economics Review #5: Why is the RBA Cutting the Rates?
Rowan and Terry will show you WHY the cash rate has been cut as well as HOW you can apply this knowledge within your exams!
Episode #6: The Australian Labour Market
Economists believe Australia’s wage growth is the worst it’s been within the last DECADE.
This is a BIG DEAL and extremely important HSC Economics knowledge. But why is it the case?
We explain everything in:
HSC Economics Review #6: The Australian Labour Market
In episode #6, Terry and Rowan explain the state of the Australian Labour Market + provide a bunch of awesome statistics!
Episode #7: What to do if You Failed Your Economics Exam
Did you flunk your Trials Economics exam?
Don’t give up! There’s still time to ace the HSC:
HSC Economics Review #7: What to do if You Failed Your Economics Exam
In this episode of the HSC Economics Review, Rowan and Terry are going to give you a step-by-step plan on how to bounce back and ace that Band 6 in your HSC Externals!
Episode #8: Exchange Rates
Australia’s exchange rate affects ALL other aspects of the economy.
This means that in your exams, it’s really crucial that you have a good understanding of the HSC Economics exchange rates topic.
HSC Economics Review #8: Exchange Rates
In our 8th episode, Terry and Rowan break down everything you need to know!
Episode #9: Australia’s Environmental Policy
If you’re an HSC Economics student, it’s actually really important that you understand Australia’s environmental policy!
This is because there are a bunch of objectives, targets and other factors in place that greatly affect the overall economy.
HSC Economics Review #9: Australia’s Environmental Policy
In this episode, Rowan and Terry discuss everything you need to know about Australia’s Environmental Policy!
Episode #10: Exam Question Predictions 2019
In this episode, Terry and Rowan try and predict what’ll be included in the 2019 HSC Economics paper!
HSC Economics Review #10: Exam Question Predictions 2019
They’ll be taking a look at past papers and analysing trends and data to reveal what kind of questions are likely to be in your exam.
P.S – Rowan and Terry made some really accurate predictions in this episode!
Episode #11: The Current State of the Australian Economy
Whether you’re about to sit your final exam or if you’ve just started Year 12, it’s super important that you have a general overview of the current Australian economy.
If this is you, make sure to check out:
HSC Economics Review #11: The Current State of the Australian Economy
Rowan and Terry are going to provide you with an in-depth 2019 HSC analysis of the current state of the Australian economy!
Episode #12: 2019 Exam Review
We can learn so much about how to prepare for our next Economics exam by looking at past papers!
Check out our review of the 2019 paper here:
HSC Economics Review #12: 2019 Exam Review
We’ll take a look at the hardest questions and discuss what it says about next years exam!
Episode #13: Monetary Policy in 2020?
If you’re studying HSC Economics, it’s important that you keep up with monetary policy!
HSC Economics Review #13: Monetary Policy in 2020?
That’s why in this episode of the HSC Economics Review, Rowan and Terry are going to discuss what’s next for monetary policy in Australia and relate it to the HSC Economics course! – Check it out.
Episode #14: Will the Australian Economy Face a 2020 Recession?
Are we poised for another recession in 2020?
HSC Economics Review #14: Will the Australian Economy Face a 2020 Recession
In this episode of the HSC Economics Review, Rowan and Terry are going to unpack predictions and forecasts for the year and make a call on whether or not the Australian economy faces a recession in 2020!
Episode #15: Bushfires, Drought and Corona Virus
Wonder how factors such as bushfires, drought and Corona Virus are going to affect the Australian Economy?
HSC Economics Review #15: Will the Australian Economy Face a 2020 Recession
In this episode, Rowan and Terry discuss the real effects factors such as these are having on the economy and how the government is reacting!
Episode #16: The Current State of the Global Economy
It’s a volatile time in Economics right now. More than ever, you need to constantly check in on the state of the global economy.
HSC Economics Review #16: The Current State of the Global Economy
In this episode of the HSC Economics Review, Rowan and Terry are going to check-in on what’s been happening globally and domestically and identify the KEY THINGS you need to know as an Economics student.
Episode #17: Update on the China – U.S Trade Dispute
Need an update on the China – U.S trade dispute in 2020? Keeping up with this major event will help you ace your HSC Economics responses.
HSC Economics Review #17: Update on the China – U.S Trade Dispute
Rowan and Terry are going to take a look at where the China – U.S.A trade dispute is heading in 2020 and how this affects Australia to help you ace HSC Economics!
Episode #18: The Impact of COVID-19 on the Global Economy (COVID Part 1)
It’s safe to say Coronavirus has affected EVERYONE, but what is the impact of COVID-19 on the global economy?
HSC Economics Review #18: The Impact of COVID-19 on the Global Economy (Part 1)
Find out in this episode of the series!
Episode #19: The Impact of COVID-19 on the Australian Economy
In this ZOOM episode straight from lockdown, Rowan and Terry are going to analyse everything you need to know about COVID-19 and the Australian Economy through the lens of key areas and concepts relevant to your HSC Economics course.
HSC Economics Review #19: The Impact of COVID-19 on the Australian Economy
This is episode #2 of a 3 part COVID-19 economics series!
Episode #20: Australia’s Economic Response to COVID-19
It’s very likely that students will face a question relevant to Australia’s macroeconomic response to COVID-19 in their HSC exam this year.
HSC Economics Review #20: Australia’s Economic Response to COVID-19
That’s why in the final part of our COVID-19 series, Rowan and Terry are going to give you a wider overview of Australia’s economic response to COVID-19 as well as an in-depth look at specific fiscal and monetary policies.
Episode #21: 2021 Australian Budget Breakdown
Studying HSC Economics in 2021?
HSC Economics Review #21: 2021 Australian Budget Breakdown
In Episode #21 of the HSC Economic Review segment, Terry and Rowan are going to take a deep dive into the recently released 2021 Australian budget.
Who are we and why should you trust our HSC Economics analysis?
Meet Terry…
Terry is a qualified teacher who has completed a Bachelor of Commerce / Bachelor of Secondary Education at the University of New South Wales, where he was awarded 1st Place in the Commerce/Education course. Terry has taught at some of NSW’s top schools including North Sydney Boys, Normanhurst Boys and Hornsby Girls. Terry loves watching basketball and going to the gym (he has a secret goal to compete in powerlifting).
Meet Rowan…
Rowan is the CEO of Art of Smart Education and has spent the last 10 years conducting research with Australia’s Top 2% of students. He is the author of Secrets of HSC Success Revealed and has worked with over 10,000 students in the last decade. Over this time Rowan has taught HSC Economics (he’s a Economics Nerd) and has helped students achieve State Rankings including 1st in NSW. Rowan has a Bachelor of Arts/Law from USYD and scored a 99.6 ATAR and scored a Band 6 in HSC Economics.
Need more support for HSC Economics?
We’ve got your back with our small classes and 1 on 1 economics tutoring sessions!
Terry and Rowan lead our HSC Economics classes at our campus in Hornsby and we’ve got an incredible team of 1 on 1 tutors who can also support you!
To find out more and get started with our HSC Economics classes or one of our inspirational tutors and mentors get in touch today!
