ECONOMICS GENERAL COURSE
Unit 3 – Microeconomics
Economic knowledge and understanding
Market failure and government policies
- the concept of market failure.
Public goods and common resources
- why public goods suffer from the free rider effect.
Equity
- the concept of equity (fairness).
Unit 4 – Macroeconomics
Economic knowledge and understanding
The public sector
- the role of the government in a modified market economy
- the provision of goods and services.
ECONOMICS ATAR COURSE
Unit 1 – Microeconomics
Economic knowledge and understanding
Market failure and government policies
- the concept of market failure.
Public goods and common resources
- why public goods suffer from the free rider effect.
Equity
- the concept of equity (fairness).
Unit 3 – Macroeconomics
Economic knowledge and understanding
The public sector
- the role of the government in a modified market economy
- the provision of goods and services.