Year 11 Economics Units 1 and 2
Overview
In this subject, you will learn to develop an economist’s view of the world. Economics looks at how consumers and business behave in a market economy and how they make decisions.
You will use case studies to develop knowledge and understanding of the nature, operation and role of markets. Economics also looks at economic activity and sustainable development. In the course, you will learn to evaluate policy actions in relation to this and consider impacts on our standard of living.
Finally, the course explores contemporary local, national and global economic issues and how the actions of decision-makers affect these issues.
Who is it for?
This subject will suit you if you enjoy exploring current social issues and learning to take an economic perspective on these. It also provides a good background for you if you are looking at commerce studies in the future.
What do you do?
You will:
- analyse current media items
- investigate particular markets
- complete a Folio of applied exercises
- undertake a behavioural economics experiment
- do a report on broader economic issues
- complete unit tests.
What skills do you need?
All you need is an interest in current social and economic issues.
What skills do you develop?
You will develop skills including:
- defining key economic concepts and terms and using them appropriately
- applying economics theory to make economic predictions and creating responses that communicate economic meaning
- gathering, synthesising and using economic data and information from a wide range of sources to analyse economic issues and assess the effect of economic decisions on relevant economic agents
- constructing, interpreting and applying economic models to analyse the consequences of economic decisions.
Requirements
You must have access to the internet to access this course. All work will be completed and submitted online weekly.
Things to think about
To be a successful student in Economics you need to be interested in understanding the news and current affairs.
Things you can do now
Go to the VCAA website for more information about this subject.
Things to have a look at
Introduction to Economics
Watch this video to see if economics is what you think it is.
Economics and Game of Thrones
Economic problem: Introduction