VCE Economics Past Papers

Looking for VCE Economics past papers to practice your skills and apply your knowledge? You’ve come to the right place. Go straight to papers>>

In your VCE Economics course you’ve developed a range of skills including the ability to gather, organise, analyse and synthesise a wide selection of economic information. You’ve undertaken independent inquiry, learned to think critically and you’ve worked collaboratively with your peers to develop viable solutions to contemporary economic issues. You’ve utilised economic models and tools of economists effectively to analyse and evaluate the decisions made by key economic agents and, in the process, learned to appreciate the different viewpoints about the issues that may affect a modern economy.

Completing past exam papers is one of the best ways to prepare you for your final exams. The VCE Economics Curriculum and VCE Economics Study Design pages contain the most current and up to date information about VCE Economics and the VCE Economics Exam. You will find links to past exam papers from 2003 onwards further down. Note that older exam papers are not necessarily a guide to the current VCE exam requirements.

We’ve organised the past papers by course and year, naming the links as accurately as possible. If you find any errors, please let us know.

Sometimes, there is only a marking guide available, in others, the marking guide contains sample answers as well. The table usually shows each question and the criteria with each mark or mark range.

3 Tips to Help you Prepare for Your VCE Economics Exam

• Analyse potential questions. Practise analysing questions to improve your ability to answer questions carefully, precisely and explicitly. Students often lose marks in exams because they have not answered the actual question asked.

• Define and understand economic concepts and terms. Make sure you have a thorough understanding of key terms and concepts so you can clearly distinguish between them in your exam. For example production versus productivity, public goods versus common access resources; aggregate demand versus aggregate supply policies; and budget deficits versus current account deficits.

• Practice Past Paper Exams. Get as much experience as you can answering different types of questions. Ask your friends and teachers to give you feedback about whether you’ve actually answered the question or not.

3 Tips to Help you Ace Your VCE Economics Exam

• Read questions carefully. Make sure you know what is being asked and that you are not wasting time providing information that does not relate to the question. Underline and analyse words in the question and keep asking yourself if you have answered the question.

• Use the mark allocation in questions. Use the mark allocation as a guide to know how much time to spend on a question and also to determine how much to write. Don’t waste time writing long responses to questions worth 2 marks and then run out of time to write longer responses to questions worth more marks. Spend more time and effort on longer questions.

• Demonstrate understanding of verbs in questions. Underline or highlight verbs in questions – words which tell you what to do. Make sure you do what is required. For example, Assess does not mean describe, and evaluate does not mean list.

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