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ECONOMICS  Unit 2: Modified markets Topic 2: Case options of market measures and strategies Case option C: Inequality analyse and evaluate the private and social costs and benefits of pursuing a redistribution of income and wealth, e.g. taxation, transfer payments, subsidisation of merit goods and other assistance. analyse and evaluate government strategies and/or interventions to address inequality and measures aimed at alleviating…

ECONOMICS Stage 2 Thinking Like an Economist Economic inquiry skills  Use an inquiring, critical, and thoughtful approach to their study of economics Investigate scenarios and economic problems through: identifying specific economic objectives and asking relevant questions applying economic concepts, including scarcity, choice, opportunity cost, and cause and effect of economic decisions in a variety of economic contexts …

ECONOMICS LEVEL 3 Unit 4: Investigation into a Contemporary Economic Issue Economic Issue 2: Income and Wealth Distribution in Australia  Focus Market outcomes can produce inequity. Economic policy can play a role in altering income and wealth distribution. Key ideas Fiscal policies, intergenerational policies, microeconomic policies, regulations.

ECONOMICS Unit 2: Contemporary Economic Issues Area of Study 2: Economic efficiency and equity Outcome 2 On completion of this unit the student should be able to explain the factors and policies that may influence equity in the distribution of income and efficiency of resource allocation, and analyse the potential trade-off. Key knowledge budgetary policy decisions on the achievement of equity in the distribution of income and…

ECONOMICS GENERAL COURSE  Unit 3 – Microeconomics  Economic knowledge and understanding Equity the concept of equity (fairness) the relationship between equity and efficiency. Policy options to promote equity  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…

ECONOMICS Unit 3: Economics Macroeconomic Issues Macroeconomic Theories   A Course 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 explain economic relationships…

ECONOMICS Topic 6: Government and Economy  Students learn to: Examine economic issues  evaluate the impact of different taxes on the distribution of income and wealth on business and on the allocation of resources in the economy investigate alternative sources of revenue for governments, Apply economic skills interpret Federal Budget data, Students learn about: The role of government  Size of the public sector…

ECONOMICS  Unit 4: Contemporary macroeconomics Topic 2: Economic management Sub-topic A: Demand management policies — fiscal policy summarise the sources of government income (direct and indirect taxation, revenue from government enterprises and sale of government assets) and the components of government expenditure (current, capital and transfer payments) in the budget. Communication skills create responses that communicate…