ECONOMICS
Topic 6: Government and 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
- investigate alternative sources of revenue for governments,
Apply economic skills
- interpret Federal Budget data,
Students learn about:
- The role of government
Size of the public sector,
Economic functions of the Australian Government
- reallocation of resources – types of taxes: direct and indirect, types of expenses
- revenue and expenses,