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ATARMAxxing · WACE Economics revision notes

Unit 3 data analysis, model construction and extended-response synthesis

Economic skills
3 · Australia and the global economy

What this note covers

  1. Turn a data table into comparable indicators
  2. Construct a model that matches the stated shock
  3. Read relationships without inventing causation
  4. Integrate external accounts rather than mixing measures
  5. Plan and execute an extended response
  6. Audit calculations, sources and presentation

6 sections · 10 key terms & formulas · 6 common mistakes

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WACE Economics · revision note 12 of 20