Assessment Type 3: Examination (30%)

Students undertake a 130-minute written examination.

In the examination, students apply their economic thinking to analyse and respond to one or more economic scenarios.

Students demonstrate economic thinking by applying economic inquiry skills, knowledge, and understanding of economic concepts, principles, and models in the analysis of and response to economic scenarios.

The examination consists of short-answer questions, open-ended questions, responses to stimuli, and extended-response questions. It draws on all skills, knowledge, and understanding of economic thinking from the core topic:

• economic inquiry skills
• data analysis
• microeconomics
• macroeconomics.

For this assessment type, students provide evidence of their learning primarily in relation to the following assessment design criteria:

• understanding — U1
• application — A1, A2, A3
• analysis and evaluation — AE1, AE2.