Economics
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| Subject Name: | Economics |
| Level of Study: | Stage 1 |
| Length of Course: | Semester or Full 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 issues 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 outcomes 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.
Stage 1 Economics is an excellent choice for students who wish to complement their study of Geography, Business Innovation, or Accounting.
What specific topics will be covered?
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Semester 1 · Microeconomics · Macroeconomics · Markets in action (Externalities) · Real Estate – Individual Economic Study
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Semester 2 · Applying Microeconomics · Applying Macroeconomics · The Global Financial Crisis · Individual Economic Study – Student’s Area of Interest |
How will I be assessed?
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School Assessment (100%) In each semester, students provide evidence of their learning through three assessments. Each assessment type should have a weighting of at least 20%.
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Note: A school issued examination exists for this subject
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