Trade, protection, globalisation and development: why economies exchange, who gains, and who does not.
These are the statements the Economics syllabus makes about Topic 1: The Global Economy. Dux records each one against the questions you answer, so you can see which of them you have actually been tested on and which have never been asked.
Comparative advantage and the gains from trade, and why specialisation raises total output rather than merely redistributing it.
Tariffs, quotas and subsidies, and the distributional effects that make protection politically durable despite its aggregate cost.
Trade, investment, technology and labour flows, and the tension between integration and national policy autonomy.
Why growth and development are not the same thing, and what distinguishes a developing economy from a low-income one.
Free trade areas, customs unions and common markets, and the difference between trade creation and trade diversion.
The WTO, IMF and World Bank, and the criticism that their conditionality constrains developing economies.
HSC Economics - Trial Paper Shape is 100 marks in 180 minutes. Questions on Topic 1: The Global Economy are not one shape repeated: the command word decides what the marker is looking for, and the mark value decides how much of it. These are the ones Economics uses.
Dux writes practice for this module in exactly these shapes, so the drill is the same task the paper sets — not a general knowledge quiz with the module name on it.
Topic 1: The Global Economy opens the Economics course. Students routinely lose marks because a question spans two modules, so the neighbouring modules are worth reading next to this one.
Dux diagnoses Economics dot point by dot point, then writes questions in the shape this course marks. Written answers come back marked against the bands.