Introduction

Unit 1

Unit 2

Unit 3

Unit 4

Useful links

Comnet Economics Classroom

Header created by: Paul Wright

Web site designed by: Dianne Ruffles, Linda Wilson & Rosalind Kentwell

Unit 1: Outcome 2

On completion of this unit the student should be able to analyse contemporary Australian economic issues using the tools and methods of economics and describe the changing nature of economic issues in Australia.

To achieve this outcome the student will draw on knowledge and related skills outlined in area of study 2.

Key knowledge
This knowledge includes:

  • the meaning, measurement and associated trends related to the selected contemporary economic issues in the Australian economy;
  • a range of factors affecting the selected contemporary economic issues in the Australian economy; o the effect of changes in the Australian economy and how these affect economic decision-making in the Australian economy;
  • a range of costs and benefits associated with contemporary economic issues and their significance for the Australian economy;
  • possible strategies, policies and solutions for overcoming economic problems in the Australian economy;
  • the validity of alternative ideas, proposals or solutions to economic problems;
  • the importance of citizenship, social and ethical considerations in relation to the selected contemporary economic issues in the Australian economy.

    Key skills
    These skills include the ability to:

  • use a range of sources, including print and electronic materials, to acquire economic information;
  • research and communicate economic information;
  • apply economic knowledge, concepts, models and skills;
  • express, interpret and analyse economic information;
  • evaluate economic arguments in relation to selected contemporary economic issues in the Australian economy;
  • work cooperatively in groups.

    Assessment
    The award of satisfactory completion for a unit is based on a decision that the student has demonstrated achievement of the set of outcomes specified for the unit. This decision will be based on the teacher's assessment of the student's overall performance on assessment tasks designated for the unit.

    Demonstration of achievement of Outcome 2 must be based on the student's performance on a selection of assessment tasks. Assessment tasks for this unit will be selected from:

  • an analysis of written, visual and statistical evidence;
  • a folio of applied economic exercises;
  • problem-solving tasks;
  • a folio of exercises using print or electronic materials;
  • a report of an investigation;
  • case studies;
  • a debate;
  • an essay;
  • a-presentation (oral, multimedia, visual, poster);
  • a web page design;
  • simulations;
  • tests.