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ECONOMICS ATAR COURSE Unit 3 – Australia and the global economy Economic knowledge and understanding demonstrate the operation of tariffs and subsidies as forms of protection and their effects on trade and market efficiency.  

ECONOMICS Unit 2: Economics Unit 3: Economics Macroeconomic Theories  A Course Nature and purpose of economics discuss the relationship between economic events and outcomes (ECOA05). Types and forms  explain the consequences of contemporary economic issues on individuals, firms and governments (ECOA08). Issues, perspectives and viewpoints identify and describe trends and patterns, infers relationships, and makes…

ECONOMICS Topic 4: Economic Policies and Management Apply economic skills explain, using economic theory, the general effects of macroeconomic and microeconomic policies on an economy. Students learn about: Microeconomic policies rationale for microeconomic policies including shifts in aggregate supply, efficiency effects of microeconomic policies on individual product and factor markets, individual industries and the economy.…

ECONOMICS  Unit 4: Contemporary macroeconomics Topic 2: Economic management Sub-topic C: Supply-side policies describe the nature, operation and aims of aggregate supply policies (microeconomic reforms), and explain their relationship to domestic macroeconomic objectives through efficiency or competitiveness, including at least one of the following initiatives: welfare and taxation reform evaluate the effectiveness of supply-side…

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: 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 2: Economic Management  Management Policies Economic knowledge Microeconomic policy – a tool for improving economic efficiency intergenerational equity and inequality. Economic reasoning Demonstration and explanation of the impact of microeconomic reform on aggregate supply and macroeconomic equilibrium. Economic decision-making Impact of microeconomic reform (e.g. taxation) on aggregate supply and…

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 how welfare and tax reform policies are designed to influence aggregate supply…

ECONOMICS GENERAL COURSE Unit 3 – Microeconomics  Economic knowledge and understanding Effects of government policies the effects of a tax on a market the effects of a subsidy on a market. 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 organising microeconomic information,…