Why do we buy more when something is on sale? At what point does one stop consuming a good they love to consume? Why does the government take money out of your wage and how do they decide what to spend it on? Economics is the social science that looks at the everyday decisions of consumers, businesses and the government. In other words, what choices people make and how and why they make them. We also look at different ways economies and markets are organised and the implications of this for people's living standards. Students will have the opportunity to explore current global economic issues and the impact of these on the national economy.

1. Discusses different market structures and examines the impact on business practice.

2. Explores economic events and explains their impact on the economy and living standards

• Research report on a market impacted by COVID-19

• Presentation on a global economic issue

• Netbook

• Exercise book

Suggested pre-requisite for VCE Humanities subjects: 

• Economics

Recommended, or useful, for VCE Humanities subjects:

• Australian & Global Politics

• 20th Century History

• Business Management