Stage 1

Economics A

Assumed Knowledge

Students should have good literacy skills due to the language requirements of the course as well as an ability to investigate the impact of change on individuals, communities, business and governments.​

Prerequisites

A level 4 or better in Year 10 Humanities or English.

Focus Capabilities

Communication, Citizenship, Personal Development, Work, Learning.

Related Subject

Subject Description

Studying economics enables students to understand how an economy operates, the structure of economic systems, and the way in which they function.  Students develop an understanding of different economic systems and institutions, and can assess the degree to which these systems and institutions help satisfy people’s needs. Students become aware that economic decisions are not value free and have outcomes that may be inconsistent with social, moral and ethical values.
 
Students research, analyse and apply economic models that are expressed in graphical and/or diagrammatic form.  They make forecasts about economic change and evaluate issues for individuals and groups in local, national and global settings. They learn how some of these issues affect their lives and how they can use the knowledge and skills of economics to inform their participation in society.

Total of three assessments:

• Two folio tasks

• One economic project

Topics:

• Core topic: Thinking like an economist

• Markets in action

• Economic decision-making

• Government involvement in the economy

Course Fees

Nil.

Additional Costs

Nil.

Learning Area Map