Economics

Course Description

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

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The Economics 11–12 course equips students with the knowledge to understand how households, businesses and governments make choices about the allocation of resources and their effect on the consumption, production and distribution of goods and services in an economy. The course provides opportunities for students to apply their knowledge of economics to analyse real-world problems and solutions that influence the efficiency, equity and wellbeing of a society.

Main Topics Covered:

PRELIMINARY COURSE (Y11)	HSC COURSE ( Y12)
Introduction to Economics Markets Household and business sector Financial sector Government sector International sector	Economic issues in the Australian Economy Economic management of the Australian Economy Australia and the global economy

Assessment – HSC course only

EXTERNAL ASSESSMENT	WEIGHTING	INTERNAL ASSESSMENT	WEIGHTING
A three-hour written examination	100	Knowledge and understanding of course content Communication of economic information, ideas and issues in appropriate forms Skills in the interpretation and analysis of stimulus	50 20 30
	100		100