Economics
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| Subject Name: | Economics |
| Level of Study: | Stage 2 |
| Length of Course: | Year |
| Prerequisite: | NA |
Pre-requisites
What will be in the course
The study of Economics can lead to a diverse range of career paths for students because of the skills it helps to develop. It is a subject that helps you understand the world around you and how governments, consumers and businesses deal with external shocks such as the Global Financial Crisis and Covid-19. Central to the study of Economics is the study of human behaviour and how best to use our scarce resources. Economics looks at costs and benefits, trade-offs such as efficiency versus fairness, and what provides the best for society. Students explore and develop their understanding of micro and macro-economics through an inquiry-based approach, in which they apply critical thinking skills.
What specific topics will be covered?
Core topic: ‘Thinking like an economist’.
- economic inquiry skills
- data analysis
- microeconomics
- macroeconomics
Economic contexts include:
- firms
- macroeconomic management
- trade and globalisation
- wealth, poverty, and inequality
- the environment
- health
How will I be assessed?
School Assessment (70%)
- Assessment Type 1: Economic Project, 2000 words (30%)
- Assessment Type 2: Folio, 3 tasks (40%)
External Assessment (30%)
- 130 minute SACE examination (30%)