Economics

Course Description

Economics provides an 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 employment or inflation rates change and how these changes will impact on individuals in society. Economics develops a student’s 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.

Main Topics Covered

Year 11 Course

• Introduction Economics – 10%

• Consumers and Business – 10%

• Markets - 20%

• Labour Markets – 20%

• Financial Markets – 20%

• Government in the Economy – 20%

Year 12 Course

• The Global Economy – 25%

• Australia’s Place in the Global Economy – 25%

• Economic Issues – 25%

• Economic Policies and Management -25%

Assessment: HSC Course

External Assessment

A three hour written examination

Internal Assessment

Knowledge & Understanding

Stimulus-based skills

Inquiry and research

Communication of economic information

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