Stage 1

Economics B

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

This course enables students to understand how an economy operates and the way in which it functions. Students develop an understanding of different economic institutions, and can assess the degree to which these institutions help satisfy people’s needs and wants. Students become aware that economic decisions are not value free and have outcomes that may be inconsistent with social, moral and ethical values.
 
This course focuses on the issues that arise from the uneven distribution of income not only within a nation such as Australia but also between nations. Students will develop an understanding of the theoretical models that are used to describe inequality as well as the changing issues that are associated with this area of study. They will 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

• Economic decision-making

• Trade in the global economy

• Elective scenario

Course Fees

Nil.

Additional Costs

Nil.

Learning Area Map