TCE Economics exam 2026Exam: Fri 13 Nov · TASC timetable
Your TCE Economics exam:
When and how long
- Economics1.30 pm start3 h
TASC: morning exams commence at 9:00 am and afternoon exams at 1:30 pm. Your Notice of External Assessment (NoE) shows where and when you sit each exam.
Source: 2026 TASC written exam timetable (TASC), checked Wednesday 23 September 2026. Where a start time, reading time or duration isn't shown, the timetable doesn't publish it: check your personal timetable and the front of your paper.
What the exam covers
We don't have past-paper frequency data for this exam, so here is the course, module by module. Make sure every module is covered.
Night-before and exam-morning checklists
The night before
- Check your Notice of External Assessment (NoE) for where and when you sit each exam.[2]
- Pack a clear, sealable plastic bag: black or blue pens (not erasable), 2B pencils, sharpener, eraser, highlighters, a clear plastic ruler.[1]
- Pack your permitted calculator and a basic analogue watch (it goes on the desk, not your wrist).[1]
- Water only, in a clear plastic bottle up to 1500 mL.[1]
Exam-week survival kit: The last 7 days · The night before and exam morning · What to bring, and what's banned · How to use reading time · If you're sick or something goes wrong · Handling exam-week stress.
Last-week revision
TCE Economics cram sheet
Key formulas, definitions and facts copied from our Economics syllabus pages. One page when printed.
Macroeconomics
A sustained increase in the general price level of goods and services in an economy over a period of time, which reduces the purchasing power of money.
Government policies aimed at improving the efficiency and productivity of individual markets and industries, raising the economy's long-run productive capacity and aggregate supply.
The non-accelerating inflation rate of unemployment, the lowest rate of unemployment that can be sustained without causing inflation to rise. It corresponds to the economist's idea of full employment.
The total market value of all final goods and services produced within a country over a period of time, usually a year or quarter.
Microeconomics
Elasticity shapes tax policy. An indirect tax on an inelastic good such as tobacco raises a lot of revenue and changes quantity only a little, and most of the tax burden falls on consumers. The same tax on an elastic good would cut quantity sharply and raise less revenue.
In a market economy the price mechanism rations scarce resources. Rising prices signal producers to supply more and consumers to buy less, while falling prices do the reverse. This signalling and rationing role is why markets can allocate resources without central direction.
Intervention is not guaranteed to improve things. Government failure occurs when intervention creates new inefficiencies, for example through high administration costs, poor information, unintended effects or political pressure. A good answer weighs the benefits of a policy against these risks.
A model showing the continuous movement of resources, goods, services and money between the sectors of an economy, used to explain how spending generates income and how the economy reaches equilibrium.