VCE EconomicsPractice Examination 15

This paper covers

• U3 AOS1 microeconomics: scarcity/opportunity cost/PPF, demand-supply (movement vs shift), elasticity, efficiency, market failure & government intervention
• U3 AOS2 & AOS3 macro goals and the international economy: AD/AS, growth/inflation/unemployment measurement & relationships, terms of trade, exchange rates, BOP, international competitiveness (export-boom flavour)
• U4 AOS1 & AOS2 management: budgetary and monetary (AD) policy plus aggregate supply policies, with one extended discuss/evaluate response

Students are permitted to bring into the examination the materials normally allowed for this subject. Answer all questions in the spaces provided.

This is an ATARMAxxing practice paper. It is not an official examination and is not affiliated with, endorsed by, or produced by the VCAA, NESA or the QCAA.