ECONOMICS GENERAL COURSE
Unit 1: Personal economic and financial decisions
Economic knowledge and understanding
- the concept of income redistribution.
- taxes on:
- income, including Pay As You Go (PAYG) personal income tax and fringe benefits tax.
Unit 3 – Microeconomics
Economic knowledge and understanding
- policy options to promote equity.
Reasoning, interpretation and analysis
- use evidence found in economic information and data to justify a conclusion.
Unit 4 – Macroeconomics
Economic knowledge and understanding
The public sector
- the role of the government in a modified market economy
- redistributing income through taxation and spending
Taxation
- types and classification of:
- taxes on income or expenditure
- the concepts of equity, efficiency and simplicity in the context of Australia’s taxation system.
Economic objectives
- the economic objectives of the Australian Government eg: a more equitable distribution of income and the efficient allocation of resources.
Economic research
- apply problem-solving, critical thinking and decision-making strategies to achieve outcomes which may be predictable and contestable by nature.
Reasoning, interpretation and analysis
- use evidence found in economic information and data to justify a conclusion.
ECONOMICS ATAR COURSE
Unit 1 – Microeconomics
Economic knowledge and understanding
- policy options to promote equity.
Reasoning, interpretation and analysis
- use evidence found in economic information and data to justify a conclusion.
Unit 4 – Macroeconomics
Economic knowledge and understanding
The public sector
- the role of the government in a modified market economy
- redistributing income through taxation and spending
Taxation
- types and classification of:
- taxes on income or expenditure
- the concepts of equity, efficiency and simplicity in the context of Australia’s taxation system.
Economic objectives
- the economic objectives of the Australian Government eg: a more equitable distribution of income and the efficient allocation of resources.
Economic research
- apply problem-solving, critical thinking and decision-making strategies to achieve outcomes which may be predictable and contestable by nature.
Reasoning, interpretation and analysis
- use evidence found in economic information and data to justify a conclusion.