The study of Economics enables learners to develop their knowledge, understanding and skills to enhance the well-being of all citizens locally, nationally and globally. It is a study of the actions of individuals and societies, particularly as they relate to choices about satisfying needs and wants, and the utilisation of scarce resources. It uses theories and models to attempt to explain these behaviours.
In this unit, students investigate the nature and purpose of a range of microeconomic theories and concepts to better understand human behaviour. In investigating scenarios across local, national, and global economies, as well as developing societies, they evaluate theories, models, and numerical analyses. Students evaluate economists' explanations of microeconomic phenomena to draw conclusions about the nature and actions of economic agents.
In this unit, students analyse complex microeconomic scenarios to understand policymakers' choices. They will engage in debate within the discipline on explanations of contemporary economic dilemmas and the range of possible solutions to problems facing people. Students collaborate to make predictions and propose solutions to problems facing policymakers and citizens.
In this unit, students investigate the nature and purpose of a range of economic theories and concepts in macroeconomics. They evaluate theories, models, and numerical analyses through investigating scenarios in local, national, and global economies and developing societies to understand how policymakers foster prosperity. Students evaluate economists' explanations of macroeconomic phenomena to draw conclusions about the effectiveness of decision-making.
In this unit, students critically analyse macroeconomic scenarios in depth to understand the functional role of economics in improving lives. They will engage in debate within the discipline on explanations for contemporary economic dilemmas and the range of possible solutions to the problems facing people. Students make predictions and propose solutions to problems facing policymakers and citizens.
Year 11 students choose Unit 1: Economics in Semester 1 and Unit 3: Economics in Semester 2.