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ECONOMICS Unit 2: Economics Unit 3: Economics Macroeconimic 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 6: Government and the Economy Students learn to: Examine economic issues  investigate alternative sources of revenue for governments. Apply economic skills interpret Federal Budget data. Students learn about: The role of government  Functions of the three levels 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.  

ECONOMICS LEVEL 3 Unit 2: Economic Management  Management Policies Economic knowledge Fiscal/Budgetary policy: major components of government revenue and government expenditure in the budget.  

ECONOMICS Unit 4: Managing the Economy  Area of Study 1: Aggregate demand policies and domestic economic stability Key knowledge Budgetary policy Outcome 1 On completion of this unit the student should be able to discuss the nature and operation of aggregate demand policies and analyse how the policies may influence the Australian Government’s domestic macroeconomic goals and living standards. sources of government revenue…

ECONOMICS GENERAL COURSE Unit 1: Personal economic and financial decisions Economic knowledge and understanding taxes on: income, including Pay As You Go (PAYG) personal income tax and fringe benefits tax consumption, including the Goods and Services Tax (GST) and excise tax. Economic research identify research questions to investigate. Reasoning, interpretation and analysis identify and organise relevant information…

ECONOMICS Unit 2: Economics Unit 3: Economics Market Failure A Course 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 contemporary economic issues on individuals, firms and governments (ECOA08). Issues, perspectives and viewpoints…

ECONOMICS Topic 3: Markets Students learn to: Examine economic issues  identify reasons why government may intervene in certain markets. Students learn about: Alternatives to market solutions the role of government (market failure – merit goods, public goods, externalities). Topic 6: Government and the Economy  Students learn to: Examine economic issues  assess the need for government intervention in a…