ECONOMICS
ECONOMICS GENERAL COURSE
Unit 1: Personal economic and financial decisions
Personal earning, spending and saving decisions
- the opportunities people have to obtain an income and/or wealth, including:
- Influence of government on personal economic and financial decisions.
Economic research
select appropriate print and electronic media sources of economic information and data to inform personal economic and financial decisions.
Reasoning, interpretation and analysis
- identify and organise relevant information within sources.
Communication
- select and use appropriate formats when communicating economic understandings.
Unit 3 – Microeconomics
Market failure and government policies
- policy options to correct for externalities including the use of taxes and subsidies.
Economic research
- 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.
Reasoning, interpretation and analysis
- identify and organise relevant information within sources.
Communication
- select and use appropriate formats when communicating economic understandings.
ECONOMICS ATAR COURSE
Unit 1 – Microeconomics
Market failure and government policies
Externalities
- policy options to correct for externalities including the use of taxes and subsidies.
Economic research
- 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.
Reasoning, interpretation and analysis
- identify and organise relevant information within sources.
Communication
- select and use appropriate formats when communicating economic understandings.