- Course type: Self-paced
- Available Lessons: 149
- Average Lesson Length: 8 min
Eligible for Certificate:
Certificates show that you have completed the course. They do not provide credit.
Watch a preview:chapter 1 / lesson 1What is Economics? - Definition & Types
Course SummaryRefer to this comprehensive study guide to help you develop a deeper understanding of basic global and regional economic concepts, such as supply and demand, population and micro- and macroeconomics. The topics covered in this course are the same as you will be tested on when taking the Victorian Certificate of Education (VCE) Economics exam.
To Start This Course Today
Try it risk-free for 30 days
Course Practice TestCheck your knowledge of this course with a 50-question practice test.
- Comprehensive test covering all topics
- Detailed video explanations for wrong answers
About This Course
Review in-depth information about economic topics using this extensive study guide. You will find lessons addressing details about consumerism, production, economic markets, growth and productivity, sustainability management and wealth distribution. Other lessons provide information about inflation rates, labor, international economic relations, globalization and monetary policies. Some lessons discuss these concepts as they apply to Australian policies and markets. You will need to be proficient in this material when taking the VCE Economics exam.
About the Exam
VCE exams, including the Economics exam, are administered to 11th and 12th grade students in Australia. The exam is presented in two sections. Section A contains 15 multiple-choice questions, and Section B is a short-answer format. Section A is worth 30 marks and section B 60 marks. Students are given two hours and 15 minutes to complete this exam; 15 minutes of this time is allotted for reading. The maximum score for VCE exams is 50. A score of 23-37 places a student in the middle range and a score of 38 or over places them in the top 15%.
VCE Economics Exam Preparation & Registration
By reviewing the material contained in this guide, you will quickly and efficiently prepare for the VCE Economics exam. Through video and text formats, the lessons found in this course define relevant terms, such as economics, globalization, profitability, inflation rate, free trade and economic development, and as well as discussing economic and production models. You will study lessons focusing on the basics of microeconomics and macroeconomics, economic resource markets, market structures, economic growth, business and environmental sustainability, modern economic development and laws of supply and demand. Some lessons address topics as they relate to economics in Australia, covering such subjects as productivity, wealth distribution, population policies, trade and monetary policies. Lessons are easily accessible from any device 24/7, so studying is convenient and self-paced. Self-assessment quizzes measure the depth of your knowledge regarding each topic and determine your readiness in taking the VCE Economics exam.
All 11th and 12th grade students in Australia are required to take VCE exams; thus, there is no registration process involved. VCE exams are given on a date set each year by the Victorian Curriculum and Assessment Authority.
The VCE Economics exam is administered by the Victorian Curriculum and Assessment Authority (VCAA), which is not affiliated with Study.com.
Earning College Credit
Did you know… We have over 160 college courses that prepare you to earn credit by exam that is accepted by over 1,500 colleges and universities. You can test out of the first two years of college and save thousands off your degree. Anyone can earn credit-by-exam regardless of age or education level.
To learn more, visit our Earning Credit Page
Transferring credit to the school of your choice
Not sure what college you want to attend yet? Study.com has thousands of articles about every imaginable degree, area of study and career path that can help you find the school that's right for you.
Research Schools, Degrees & Careers
Get the unbiased info you need to find the right school.
Browse Articles By Category
Browse an area of study or degree level.
- Biological and Biomedical Sciences
- Communications and Journalism
- Computer Sciences
- Culinary Arts and Personal Services
- Liberal Arts and Humanities
- Mechanic and Repair Technologies
- Medical and Health Professions
- Physical Sciences
- Transportation and Distribution
- Visual and Performing Arts
- What Is Covered in Basic Adult Education Programs?
- Understanding OCW Economics: Willem Van Valkenburg of the Delft University of Technology and Demand-Driven Open Education
- Global Economics Degrees by Degree Program Level
- Top AP Exam Study Guides and Resources
- CNA Courses with Comprehensive Course Descriptions
- Understanding OCW: A Field Guide to Free Education
- Iowa Education and Regional Information
- Health Economics Course and Class Information
- List of Free Online Economics Degrees and Courses
- Home Economics Classes and Courses Overview
- Answers and detailed explanations to each question
- Video lessons to explain complicated concepts