ECONOMICS
Topic 3: Markets
Students learn to:
Examine economic issues
- identify reasons why government may intervene in certain markets.
Topic 6: Government and the Economy
Students learn to:
Examine economic issues
- evaluate the impact of different taxes on the distribution of income and wealth on business and on the allocation of resources in the economy.
Apply economic skills
- determine whether a specific tax is progressive, proportional or regressive.
Students learn about:
Economic functions of the Australian Government
- redistribution of income – progressive, regressive and proportional taxes, social welfare payments.