CPAP Study Guide to VCE Economics

The CPAP Study Guide to VCE Economics (14th edition)

The 14th edition of the CPAP Study Guide to VCE Economics (2020) is a publication that is designed to supplement or replace any senior economics text and closely follows the Economics Study Design. It includes the key information students require to successfully complete the newly accredited VCE Economics Unit 3 and 4 course. The Study Guide is released in two parts. Part 1 (February) covers material relating to Unit 3 of the VCAA Study Design, divided into areas of study 1, 2 and 3. Part 2 (June) focuses upon Unit 4, divided into areas of study 1 and 2. The later date for Part 2 has the advantage of incorporating the latest economic developments and statistics, including the 2020-21 Commonwealth Budget.

The CPAP Study Guide places a strong emphasis upon preparation for assessment tasks, in particular, the end of year examination. it includes:

  • the most recent statistics for key economic variables in the economy, including the most recent Budget (unlike the texts);
  • details about major economic events or ‘shocks’ that have occurred over the recent past;
  • reference throughout the publication to ‘interpretation errors’ students should avoid in the examination, including the common mistakes made by students in recent examinations!;
  • updated information about the most recent direction of monetary, budgetary and aggregate supply policies;
  • a concise and easy to understand coverage of the course content;
  • hundreds of multiple choice questions;
  • ‘mini exams’ that will follow each area of study (five in total), complete with suggested responses at the end of the book;
  • review questions throughout the publication;
  • Section on current economic issues combined with exam style questions;
  • extensive ‘up to date’ examination advice at the end of Part 2 (Unit 4);
  • a bonus full length practice examination in Part 2 of the Study Guide; and
  • A new section following each area of study titled ‘You be the Assessor’ with analysis of sample responses.

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ABOUT THE AUTHORS

Romeo Salla completed Honours and Masters degrees in Commerce (Economics major) at the University of Melbourne before moving to Canberra to work as an Economist with the Commonwealth Department of Treasury. After a few years he was promoted within the federal bureaucracy to the position of Senior Economist with the Industry Commission (now Productivity Commission). Since 1996 he has been employed as a Senior Teacher and Head of Faculty at large private schools in Melbourne, and currently teaches VCE and IB Economics at Geelong Grammar School. He has held positions of responsibility with the Victorian Curriculum and Assessment Authority (VCAA) as an examination assessor since 1996 and was the long standing Economics editor on the VCTA website (ComNET). Mr Salla is also the founder of the website www.economicstutor.com.au as well as the popular smartphone app ‘Economics Tutor’, has contributed to various publications and regularly presents to economics teachers and students on behalf of the VCTA. Romeo is the author of the CPAP Study Guide to VCE Economics, co-author of Monumental Humanities 3 (Cambridge), and co-author of the VCE Economics texts ‘Economic Fundamentals in Australia’ and ‘Economics: from the ground up’ . He is also the writer of CPAP Economics assessment tasks and the practice examination.

Toby Robertson was born in Switzerland and has lived in England, America, France and Australia. Toby completed a degree in Economics at the Australian National University in 1986. He then worked for CRA (Rio Tinto) in Melbourne as a client advisor to various business units on economics and Foreign Exchange. He moved to State Bank Victoria to work as a Foreign Exchange and Options advisor to large Corporations and was posted to London in 1990 as a Foreign Exchange Trader, speculating in the Foreign Exchange markets. In 1992 he began work with Chase Manhattan Bank in London (one of the largest US banks) as a Vice President and ran their USDYEN Foreign Exchange Desk. In 1995 he moved back to Australia to become Chief Dealer of Chase Sydney. In 1999 he accepted voluntary redundancy and then ran his own proprietary trading business before entering the teaching profession in 2005. He has since contributed to a number of educational publications, presents to teachers across Victoria on behalf of the Victorian Commercial Teachers’ Association and has assessed VCE Economics examinations for the VCAA.