ECONOMICS
Stage 2
Thinking Like an Economist
Economic inquiry skills
- Investigate scenarios and economic problems by:
- communicating reasoned arguments and evidence-based recommendations.
Data analysis
- Understand a range of qualitative and quantitative economic data.
- Use data to understand economic activity, the behaviour of people, businesses, markets and governments.
- Analyse data, identify patterns and propose decisions, based on data contained in tables and graphs.
- Use appropriate graphs, diagrams, and tables to display results and make recommendations based on their data analysis.
Economic Contexts
Wealth, poverty and inequality
- Apply economic thinking to explore the ways in which wealth, poverty and inequality are measured, and how individuals, institutions, and governments can develop effective solutions to the problem.