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Educational purposes only, not financial advice. Graphl teaches which economic framework applies and how its mechanism works; it does not solve assessment problems for you.

VIC VCEVictoria, Australia · Units 3 & 4

VCE Economics, but it moves

Every diagram VCAA examines, mapped area of study by area of study: the market mechanism, the four domestic macro goals, Australia and the world, and both policy toolkits.

Sit a VCE-scoped exam →Play today's GraphdleAll courses
1

Unit 3 AoS 1 · The market mechanism

Demand, supply, elasticities, market failure and government intervention

Supply & DemandEquilibrium and the price mechanismPrice Elasticity of Demand & SupplyPrice elasticity and total revenueConsumer & Producer SurplusLiving standards as consumer + producer surplusExternalities & Pigouvian TaxesMarket failure and corrective policyPublic Goods & the Free-Rider ProblemFree riding and under-provision
2

Unit 3 AoS 2 · Domestic macroeconomic goals

Strong and sustainable growth, low inflation, full employment, equity

Business Cycle PhasesWhere the economy sits in the cycleAggregate Supply – Aggregate DemandThe AD-AS engine behind every goalBathtub Model of UnemploymentHow the unemployment rate is determinedPhillips CurveThe inflation-unemployment trade-offLorenz Curve & Gini CoefficientThe equity goal: Lorenz and Gini
3

Unit 3 AoS 3 · Australia and the world

Trade, the terms of trade, exchange rates and competitiveness

Absolute vs. Comparative AdvantageWhy Australia specialisesTariffs & Protection (Small Open Economy)Protection and its costsInterest Rate ParityWhy the AUD moves with rate decisionsJ-Curve (Trade Balance after Depreciation)Depreciation and the trade balance
4

Unit 4 AoS 1 · Aggregate demand policies

Budgetary policy and monetary policy

Keynesian CrossThe multiplier behind budgetary policyMoney MarketHow the RBA's cash rate transmitsTaylor RuleHow central banks pick the rateLoanable Funds MarketDeficits, saving and interest rates
5

Unit 4 AoS 2 · Aggregate supply policies

Productivity, participation and long-run capacity

Aggregate Supply – Aggregate DemandShifting LRAS is the whole pointLabor MarketParticipation and wage policiesHuman Capital & the Mincer EquationEducation and training as investmentLaffer CurveTax settings and incentives

That's your whole syllabus. Sit the scoped exam above and find the gaps.

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Free covers every model above. Pro makes the practice unlimited: every quiz, every timed exam, every scenario, plus the full Graphdle archive between study blocks. $4 a month, cancel in two clicks.

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Common questions

Which diagrams does VCE Economics actually require?

The core set is demand and supply (with surplus and intervention), the business cycle, AD-AS for the domestic macro goals, the Lorenz curve for equity, and the trade diagrams for Unit 3 AoS 3. Every one is interactive on this page: animate a scenario, then drill it in quiz mode.

How should I use Graphl for VCE exam revision?

Work one area of study at a time: watch each model's scenario animation, sit the scoped timed exam below, and review what the score report flags. Ten focused minutes a day beats a pre-exam cram.