2017 Key Dates
FRI, 31st MARCH
Closing date for School Entry forms for both the Business Studies and Economics Competition.
FRI, 28th APRIL
All schools participating in the Economics Competition should have received their Question Booklets and Response Sheets.
THURS, 11th MAY
Official Day of Economics Competition
THURS, 18th MAY
Official Day of Business Studies Competition
Marking of the Competitions.
Schools receive Competitions results.
Scope of the competition
The Competitions aim to assess students on:
- Knowledge and reasoning of economic theories relevant to the Australian economy
- Application of basic economic concepts, tools and theories
- An understanding of Australia’s role in the global economy
- Insights into recent economic developments, both domestically and internationally
- General knowledge of topical business issues and current affairs
- Practical business related calculations and analysis and reasoning in a business context
The Competition questions are set in conjunction with academics from UNSW Australia. We aim to provide a set of interesting and challenging questions to encourage and stimulate discussions amongst students and teachers. The competition encourages awareness of current economics, business and political environment. These questions are not explicitly aimed at meeting the Australian Economics and Business Studies high school examination syllabi, but will stretch students in their understanding of those topics.
Students will be competing in two divisions:
a) Junior Division – Year 11 and below; or
b) Senior Division – Year 12.
Accelerated students who are studying Economics and/or Business Studies one year in advance of their other subjects must identify themselves as belonging to the appropriate Economics and/or Business Studies division regardless of their actual school year.
In recent years, there have been a growing number of Year 10 students studying commerce who participated in the Business Studies competition. Feedback from these students suggests that the competition is also relevant to those who are considering studying the subject in their senior years. Thus, while the Business Studies Competition is not aimed at junior students, those interested are welcomed to participate.
For both Competitions:
Questions: 40 multiple choice questions, each with 4 choices. Questions will be printed in booklets. Standardised response sheets and question booklets will be provided for each participating student.
Duration: 50 minutes
Material: Pencils and erasers only. No calculators or rulers are allowed.
Location: In your school, under strict examination conditions and supervision.
All questions are of equal value. Each student will start off with ten (10) marks. One (1) mark will be awarded for each correct response, whilst each incorrect response will attract a one quarter (1/4) mark penalty to discourage random guessing. Unattempted questions score zero (0). This gives a total mark ranging from 0 to 50.
In each division, awards will be allocated on a state-wide basis as follows:
- High Distinction - top 5%
- Distinction - next 15% (top 5-20%)
- Credit - next 30% (top 20-50%)
- Participation - for all other students
All participating students will receive a certificate from the University of New South Wales.
In addition, top percentiles in each division and State will receive monetary prizes of $40, $75, $100 and $200. The overall National Winner(s) will receive $400.
Our preferred method of registration is online. Alternatively, you can download the mail entry forms below and mail it to our postal address. The cost of entry per student is AUD$6.00. Find out more about registration here.