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ECONOMICS LEVEL 3 Unit 2: Economic Management  Management Policies Economic knowledge Microeconomic policy – a tool for improving economic efficiency intergenerational equity and inequality. Economic reasoning Impact of different fiscal policy stances on the level of economic activity  Demonstration and explanation of the impact of microeconomic reform on aggregate supply and macroeconomic equilibrium. Economic decision-…

ECONOMICS Unit 4: Managing the Economy Area of Study 2: Aggregate supply policies  Outcome 2 On completion of this unit the student should be able to discuss the nature and operation of aggregate supply policies and analyse how the policies may influence the Australian Government’s domestic macroeconomic goals and living standards. Key knowledge the nature, operation and aims of aggregate supply policies and their relationship to…

ECONOMICS ATAR COURSE  Unit 4 – Economic policies and management Economic knowledge and understanding Economic policy objectives the extent to which the economic objectives of the Australian Government may conflict and complement each other. Measures to improve productivity recent (the last ten years) government policies that promote productivity and economic growth, such as taxation reform the impact of productivity on the…

ECONOMICS Trade Economics  A Course Nature and purpose of economics discuss the relationship between economic events and outcomes (ECOA05). T Course Nature and purpose of economics. analyse the relationship between economic events and outcomes (ECOT05).

ECONOMICS Topic 1; The Global Economy Students learn to: examine the effects of globalisation on economic growth and the quality of life, levels of unemployment, rates of inflation and external stability.  

ECONOMICS Unit 3: International economics Topic 1: The global economy recall the concept of an open economy and explain how it operates in terms of the circular flow of income model (circular flow model) explain the advantages and disadvantages of international trade, and how trade can impact economic policy, including the pursuit of sustainable economic growth, and external and internal stability.  

ECONOMICS Stage 1 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: analysing the rationale for economic decisions and evaluating their intended and unintended consequences  communicating reasoned arguments and evidence-based recommendations. Microeconomics  Analyse and…

ECONOMICS LEVEL 3 Unit 3: Australia and the Global Economy  Free trade and protection Economic knowledge Forms of protection (tariffs, subsidies and quotas). Economic reasoning Demonstration and explanation of how tariffs, subsidies and quotas operate and their consequences.