ECONOMICS
Unit 3: Economics
Macroeconomic Issues
Macroeconomic Theories
A Course
Concepts and principles
- examine principles, structure and operation of economic models (ECOA03).
Nature and purpose of economics
- explain the economic role of individuals, firms, institutions, markets and governments (ECOA06).
Issues, perspectives and viewpoints
- identify and describe trends and patterns, infers relationships, and makes predictions and inferences (ECOA09).
Inquiry, research and investigation
- select and organise information and data from a variety of sources for relevance and reliability (ECOA11)
- explain economic relationships through the interpretation of patterns, data and information (ECOA12).
Communication
- communicate economic information, ideas, issues and arguments using appropriate written and/or oral and graphic forms (ECOA14)
- use economic language in appropriate contexts to demonstrate economic knowledge and understanding (ECOA15).
T Course
Concepts and principles
- evaluate principles, structure and operation of economic models (ECOT03).
Nature and purpose of economics
- evaluate the economic role of individuals, firms, institutions, markets and governments (ECOT06)
Issues, perspectives and viewpoints
- identify and analyse trends and patterns, infers relationships, and makes predictions and inferences (ECOT09).
Inquiry, research and investigation
- analyse information and data from a variety of sources for relevance, reliability and validity (ECOT11)
- evaluate economic relationships through the interpretation of patterns, data and information (ECOT12).
Communication
- communicate economic information, ideas, issues and arguments using appropriate written and/or oral and graphic forms (ECOT14)
- use economic language in appropriate contexts to demonstrate economic knowledge and understanding (ECOT15).
M Course
Concepts and principles
- examine principles, structure and operation of economic models (ECOM02).
Nature and purpose of economics
- describe the economic role of individuals, firms, institutions, markets and governments (ECOM04).
Communication
- communicate economic information, ideas, issues and arguments using appropriate written and/or oral and graphic forms (ECOM08)
- use economic language in appropriate contexts to demonstrate economic knowledge and understanding (ECOM09).