Economics

Course description

Economics provides understanding for students about many aspects of the economy and its operation that are frequently reported in the media. It investigates issues such as why unemployment or inflation rates change and how these changes affect individuals in society. Economics develops students' knowledge and understanding of the operation of the global and Australian economy. It develops the analytical, problem-solving and communication skills of students. There is a strong emphasis on the problems and issues in a contemporary Australian economic context within the course.

What students learn

Preliminary course

• Introduction to Economics: The nature of economics and the operation of an economy

• Consumers and Business: The role of consumers and business in the economy

• Markets: The role of markets, demand, supply and competition

• Labour Markets: The workforce and role of labour in the economy

• Financial Markets: The financial market in Australia, including the share market

• Government in the Economy: The role of government in the Australian economy

HSC course

• The Global Economy: Features of the global economy and globalisation

• Australia's Place in the Global Economy: Australia's trade and finance

• Economic Issues: Issues including growth, unemployment, inflation, wealth and management

• Economic Policies and Management: The range of policies to manage the economy

Industries related to Economics

The knowledge and skills developed in this course can be applied across a range of career pathways.

Industries related to this course include, but are not limited to, the following outlined on the Your Career website:

• Education and Training

• Financial and Insurance Services

• Professional, Scientific and Technical Services

• Public Administration and Safety

• Rental, Hiring and Real Estate Services

Course requirements

See the Economics Stage 6 syllabus for information regarding course requirements.