Unit 1
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Unit 2
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The Australian Economy
This unit looks at decision making and important issues to the Australian economy and its people.
Areas studied
- A marketing system - the nature, operation and role of markets
- Economic issues -
Creation and distribution of wealth and income; The economy; The environment and ecological sustainability; Population, employment and change; Growing the economy
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Australia and the Global Economy
This unit looks at Australia on the world stage.
Areas studied
- Australia's trading and investment relationships with other countries - students look at the operation of the Australian economy in the global context
- Economic globalisation - students explain reasons for the emergence of globalisation and evaluate the impact of globalisation on the nature and performance of the Australian economy
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Unit 3
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Unit 4
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Economic Activity and Objectives
Areas studied
- What economics is about
- How individual business / markets operate
- How the whole economy functions
- What the government hopes to achieve
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Economic Management
Areas studied
- Policies and strategies to manage the Australian economy and achieve its objectives
- How well the policies and strategies are being used
- Current government policy
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| Assessment: Assessment in Economics is Unit 3 school assessed coursework (25%), Unit 4 school assessed coursework (25%) and an end of year examination (50%). |
