Whether you're studying Unit 1 or Unit 3, you're probably feeling a little bit anxious about your first SAC which is coming up far faster than you could ever be happy about. In my experience the first SAC is almost always the lowest average scores I ever see in my classes so here are a list of tips I believe could help you perform your best in your first SAC.
Use your reading time to mentally answer Multiple Choice/plan answers. So many students use their reading time to read all of the questions once and then just sit there thinking about how much time is left in reading time. In any VCE subject that is not the ideal way to spend your time, however in VCE Economics you definitely could be getting use out of every single second of reading time given to you to maximise your marks. Personally I mainly would use reading time to mentally work out the answer to every MCQ question. If your SAC is out of 40 marks, and 10 marks are MCQ and you can work them all out in reading time. That's 25% of your score instantly when you start your writing time.
Highlight key words in questions which point out what you must do. There are a few key things you should be looking for in the question to then ascertain what the question is asking you to do. Here are what I think you should be highlighting: - The task word: Outline, explain, discuss, evaluate etc. These will tell you what you're required to do (if you're unsure what the task words mean, check out my guide to task words in the Shop tab). - Key content words: shift, demand, supply, exchange rate, etc. These will tell you what you're applying the content to and what to talk about. - Directional words: favourable, unfavourable, expansion, contraction etc. These will tell you what situation you're applying the content to.
Fully label your diagrams. Pretty self explanatory here, but there's a lot of marks which could be lost if you do not label your diagrams accurately. Price, Quantity and a Title are all incredibly important.
Use examples. Often in any question worth 3 marks or higher, using an example helps show that you have a clear understanding of the content. Where possible using a real world contemporary example is even better (which you need to know at least one for government failure).
If you want any more specific tips about the types of questions asked about individual key knowledge dot points, check out the below videos where I go through them all one by one.
If you have any other questions or feedback feel free to leave them below or to send me an email.