ECONOMICS GENERAL COURSE
Unit 3 – Microeconomics
Economic knowledge and understanding
Equity
- the concept of equity (fairness)
- the relationship between equity and efficiency.
Policy options to promote equity
- Economic research
- identify research questions to investigate
- select appropriate print and electronic media sources of economic information and data on markets
- apply appropriate methods of recording and organising microeconomic information, including spreadsheets, graphs and tables
- apply problem-solving, critical thinking and decision-making strategies to achieve outcomes that may be predictable and contestable by nature.
Reasoning, interpretation and analysis
Identify and organise relevant information within sources
- identify trends and relationships in economic information and data on markets
- use evidence found in economic information and data to justify a conclusion.
Communication
- select and use appropriate terminology.
- select and use appropriate formats when communicating economic understandings.
ECONOMICS ATAR COURSE
Unit 1 – Microeconomics
Economic knowledge and understanding
Equity
- the concept of equity (fairness)
- the relationship between equity and efficiency.
Policy options to promote equity
- Economic research
- identify research questions to investigate
- select appropriate print and electronic media sources of economic information and data on markets
- apply appropriate methods of recording and organising microeconomic information, including spreadsheets, graphs and tables
- apply problem-solving, critical thinking and decision-making strategies to achieve outcomes that may be predictable and contestable by nature.
Reasoning, interpretation and analysis
Identify and organise relevant information within sources
- identify trends and relationships in economic information and data on markets
- use evidence found in economic information and data to justify a conclusion.
Communication
- select and use appropriate terminology
- select and use appropriate formats when communicating economic understandings.