Search

ECONOMICS Unit 2: Economics Unit 3: Economics Macroeconomic Issues  A Course Concepts and principles proposes individual and/or collective action drawing on economic concepts and principles, taking into account environmental, social and economic factors; and predicts the outcomes of the proposed action (ECOA04). Nature and purpose of economics explain the economic role of individuals, firms, institutions, markets and…

ECONOMICS Topic 6: Government and the Economy Economic functions of the Australian Government Influences on government policies in Australia.  

ECONOMICS Stage 1 Thinking Like an Economist  Economic inquiry skills Investigate scenarios and economic problems by: 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  applying principles, models, and terminology appropriately in a variety of…

ECONOMICS LEVEL 3 Unit 2: Economic Management  Management Policies Economic knowledge Microeconomic policy – a tool for improving economic efficiency intergenerational equity and inequality. Economic policy and action The challenges governments experience when implementing economic policy – conflicting objectives, limitations of data, lags, international forces, political factors  Unit 4: Investigation into a Contemporary…

ECONOMICS Unit 1: The Behaviour of Consumers and Business Area of Study 1: Thinking like an economist Outcome 1 On completion of this unit the student should be able to describe the basic economic problem, discuss the role of consumers and businesses in the economy and analyse the factors that influence decision making. Key knowledge Consumers economic factors that may influence economic decisions made by consumers such as:external…

ECONOMICS GENERAL COURSE Unit 1: Personal economic and financial decisions Economic knowledge and understanding Personal earning, spending and saving decisions the concepts of income and wealth the opportunities people have to obtain an income and/or wealth, including: superannuation.. Unit 4 – Economic policies and management Economic research apply problem-solving, critical thinking and decision-making strategies to…

ECONOMICS Unit 2: Economics Unit 3: Economics Macroeconomic Issues  A Course Concepts and principles examine principles, structure and operation of economic models (ECOA03). Nature and purpose of economics discuss the relationship between economic events and outcomes (ECOA05) explain the economic role of individuals, firms, institutions, markets and governments (ECOA06). Types and forms  explain the consequences of…

ECONOMICS Topic 4: Economic Policies and Management Students learn to: Examine economic issues  analyse the opportunity cost of government decisions in addressing specific economic problems or issues.  Apply economic skills explain how governments are restricted in their ability to simultaneously achieve economic objectives identify limitations of the effectiveness of economic policies  explain the impact of key…