Economics

Economics

Course Description

Preliminary Course [Board Developed] 2 units
HSC Course [Board Developed] 2 units

Economics is a subject that attempts to explain everyday things such as spending habits, business behaviour, house prices, the labour market, the stock exchange and exchange rates to name just a few. The subject allows students to explore the theory behind many of the policies implemented by governments. For example, what is a budget deficit and what is its impact on the economy? What are interest rates and how are they changed? It is also a contemporary subject looking at current issues such as unemployment, economic growth, inflation and the state of the global economy. It provides a valuable grounding for any tertiary study with a Commerce/Economics orientation.

 

Main Topics Covered:

PRELIMINARY COURSE (Y11) HSC COURSE ( Y12)
  • Introduction to Economics
  • Consumers and Business
  • Markets
  • Labour Markets
  • Financial Markets
  • Government in the Economy
  • The Global Economy
  • Australia’s Place in the Global Economy
  • Economic Issues
  • Economic Policies and Management

Assessment – HSC course only

EXTERNAL ASSESSMENT WEIGHTING INTERNAL ASSESSMENT WEIGHTING
A three-hour written examination 100
  • Tests and internal exams
  • Research, investigation and communication
  • Stimulus based skills
  • 50
  • 30
  • 20
  100   100

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