{"id":3414,"date":"2026-04-12T17:02:15","date_gmt":"2026-04-12T07:02:15","guid":{"rendered":"https:\/\/www.newington.nsw.edu.au\/academic-guides\/academic-guide-years-11-12\/economics\/"},"modified":"2026-05-05T09:03:19","modified_gmt":"2026-05-04T23:03:19","slug":"economics","status":"publish","type":"page","link":"https:\/\/www.newington.nsw.edu.au\/academic-guides\/academic-guide-years-11-12\/hsc\/hsc-subjects\/economics\/","title":{"rendered":"Economics"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><!-- section: section_text --><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Course Description<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Preliminary Course<\/strong> [Board Developed] 2 units<br><strong>HSC Course<\/strong> [Board Developed] 2 units<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p class=\"wp-block-paragraph\">The Economics 11\u201312 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.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Main Topics Covered:<\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><span style=\"font-size: 10pt;\"><strong>PRELIMINARY COURSE (Y11)<\/strong><\/span><\/td><td><span style=\"font-size: 10pt;\"><strong>HSC COURSE ( Y12)<\/strong><\/span><\/td><\/tr><tr><td><ul> <li><span style=\"font-size: 10pt;\">Introduction to Economics<br><\/span><\/li><\/ul><ul><li><span style=\"font-size: 10pt;\">Markets<\/span><\/li><\/ul><ul><li><span style=\"font-size: 10pt;\">Household and business sector<\/span><\/li><\/ul><ul><li><span style=\"font-size: 10pt;\">Financial sector<\/span><\/li><\/ul><ul><li><span style=\"font-size: 10pt;\">Government sector<\/span><\/li><\/ul><ul><li><span style=\"font-size: 10pt;\">International sector<\/span><\/li> <\/ul><\/td><td><ul><li><span style=\"font-size: 10pt;\">Economic issues in the Australian Economy<\/span><\/li> <li><span style=\"font-size: 10pt;\">Economic management of the Australian Economy<\/span><\/li> <li><span style=\"font-size: 10pt;\">Australia and the global economy <\/span><\/li>  <\/ul><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><!-- section: section_text --><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Assessment \u2013 HSC course only<\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><span style=\"font-size: 10pt;\"><strong>EXTERNAL ASSESSMENT<\/strong><\/span><\/td><td><span style=\"font-size: 10pt;\"><strong>WEIGHTING<\/strong><\/span><\/td><td><span style=\"font-size: 10pt;\"><strong>INTERNAL ASSESSMENT<\/strong><\/span><\/td><td><span style=\"font-size: 10pt;\"><strong>WEIGHTING<\/strong><\/span><\/td><\/tr><tr><td><span style=\"font-size: 10pt;\">A three-hour written examination<\/span><\/td><td><span style=\"font-size: 10pt;\">100<\/span><\/td><td><ul><li><span style=\"font-size: 10pt;\">Knowledge and understanding of course content<\/span><\/li> <li><span style=\"font-size: 10pt;\">Communication of economic information, ideas and issues in appropriate forms<\/span><\/li> <li><span style=\"font-size: 10pt;\">Skills in the interpretation and analysis of stimulus<\/span><\/li> <\/ul><\/td><td><ul><li><span style=\"font-size: 10pt;\">50<\/span><\/li> <li><span style=\"font-size: 10pt;\">20<\/span><\/li> <li><span style=\"font-size: 10pt;\">30<\/span><\/li> <\/ul><\/td><\/tr><tr><td><span style=\"font-size: 10pt;\">&nbsp;<\/span><\/td><td><span style=\"font-size: 10pt;\">100<\/span><\/td><td><span style=\"font-size: 10pt;\">&nbsp;<\/span><\/td><td><span style=\"font-size: 10pt;\">100<\/span><\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Course Description Preliminary Course [Board Developed] 2 unitsHSC Course [Board Developed] 2 units The Economics 11\u201312 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 [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":0,"parent":3402,"menu_order":10,"comment_status":"closed","ping_status":"open","template":"","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"class_list":["post-3414","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/www.newington.nsw.edu.au\/academic-guides\/wp-json\/wp\/v2\/pages\/3414","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newington.nsw.edu.au\/academic-guides\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.newington.nsw.edu.au\/academic-guides\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.newington.nsw.edu.au\/academic-guides\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newington.nsw.edu.au\/academic-guides\/wp-json\/wp\/v2\/comments?post=3414"}],"version-history":[{"count":5,"href":"https:\/\/www.newington.nsw.edu.au\/academic-guides\/wp-json\/wp\/v2\/pages\/3414\/revisions"}],"predecessor-version":[{"id":4033,"href":"https:\/\/www.newington.nsw.edu.au\/academic-guides\/wp-json\/wp\/v2\/pages\/3414\/revisions\/4033"}],"up":[{"embeddable":true,"href":"https:\/\/www.newington.nsw.edu.au\/academic-guides\/wp-json\/wp\/v2\/pages\/3402"}],"wp:attachment":[{"href":"https:\/\/www.newington.nsw.edu.au\/academic-guides\/wp-json\/wp\/v2\/media?parent=3414"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}