ECONOMICS GENERAL COURSE
Unit 3 – Microeconomics
Economic knowledge and understanding
Public goods and common resources
- the distinction between public goods and common resources
- why public goods suffer from the free rider effect
- why common resources suffer from the tragedy of the commons.
Economic research
- 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 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.
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.
Communication
- select and use appropriate terminology
- select and use appropriate formats when communicating economic understandings.
ECONOMICS ATAR COURSE
Unit 1 – Microeconomics
Economic knowledge and understanding
Public goods and common resources
- the distinction between public goods and common resources
- why public goods suffer from the free rider effect
- why common resources suffer from the tragedy of the commons.
Economic research
- 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 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.
Unit 2: Macroeconomics
Economic knowledge and understanding
The public sector
- the role of the government in a modified market economy
- the provision of goods and services.
Communication
- select and use appropriate terminology
- select and use appropriate formats when communicating economic understandings