ECONOMICS GENERAL COURSE
Unit 3 – Microeconomics
Economic knowledge and understanding
Effects of government policies
- the effects of a tax on a market
- the effects of a subsidy on a market.
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
- use economic information and data to make predictions 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
- use economic models to convey economic theory and reasoning about microeconomic events and issues.
Unit 4 – Macroeconomics
Economic knowledge and understanding
Taxation
- the concepts of equity, efficiency and simplicity in the context of Australia’s taxation system.
ECONOMICS ATAR COURSE
Unit 1 – Microeconomics
Economic knowledge and understanding
Effects of government policies
- the effects of a tax on a market
- the effects of a subsidy on a market.
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
- use economic information and data to make predictions 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
- use economic models to convey economic theory and reasoning about microeconomic events and issues.
Unit 2 – Macroeconomics
Economic knowledge and understanding
Taxation
- the concepts of equity, efficiency and simplicity in the context of Australia’s taxation system.
Unit 4 – Economic policies and management
Economic knowledge and understanding
Economic research
- apply problem-solving, critical thinking and decision-making strategies to achieve outcomes which may be predictable and contestable by nature.
Reasoning, interpretation and analysis
- use economic information and data to make predictions on Australia’s economic policy and management.
Communication
- select and use appropriate terminology
- select and use appropriate formats when communicating economic understandings
- use economic models to convey economic theory and reasoning about Australia’s policy mix.