Course information
The Economics course is primarily concerned with economic literacy, which involves understanding the economic forces which underlie major political and social issues. By studying Economics, students will be better equipped to make considered judgements as workers, consumers, taxpayers and voters. Emphasis is placed on developing a continuing interest in and an understanding of, the contemporary economic issues facing Australia and the world, e.g. inflation, interest rates, taxation, unemployment, balance of payments, economic growth, economic development, environmental issues and globalisation.
Our students who study Economics learn how individuals, groups and nations use limited resources to satisfy unlimited wants. It is an academic subject and suits students who enjoy thinking and suggesting solutions to problems on a local, national and international level.
Please note that Accounting, Economics and Business units can form a Commerce major.
Post-school pathways
Do you enjoy or are you good at Economics? (pdf, 110kb)
Do you enjoy or are you good at Social and Behavioural Sciences? (pdf, 110kb)
Workload expectation
Commerce subjects require regular and consistent revision of course content as well as detailed planning and research for assessment tasks outside of class time in order to receive outstanding results.
Course pattern
Available as a Minor or Major (Students can complete a minor in Economics and combine with units from Accounting and\or Business to obtain a major in Commerce).
A major in Economics will be offered if there are sufficient student numbers.
Suggested Minor course
Semester | Unit |
|---|---|
1 | Microeconomic Foundations |
2 | Debates in Microeconomics |
Suggested Major course
Semester | Unit |
|---|---|
1 | Microeconomic Foundations |
2 | Debates in Microeconomics |
3 | Macroeconomic Foundations |
4 | Debates in Macroeconomics |
Unit descriptions
Unit 1: Microeconomic Foundations
In this unit, students investigate the nature and purpose of a range of economic theories and concepts related to microeconomics to better understand human behaviour. In investigating scenarios in local, national, global economies, and developing societies, they evaluate theories, models, and numerical analyses. Students evaluate explanations of microeconomic phenomena provided by economists to draw conclusions about the nature and actions of economic agents.
Unit 2: Debates in Microeconomics
In this unit, students analyse complex scenarios in microeconomics to understand choices of policy makers. They will engage with debate in the discipline on explanations for contemporary economic dilemmas and the range of possible solutions to problems facing people. Students collaborate to make predictions and propose solutions to problems facing policymakers and citizens.
Unit 3: Macroeconomic Foundations
In this unit, students investigate the nature and purpose of a range of economic theories and concepts related to macroeconomics. They evaluate theories, models, and numerical analyses through investigating scenarios in local, national, global economies and developing societies to understand how policy makers foster prosperity. Students evaluate explanations of macroeconomic phenomena provided by economists to draw conclusions about the effectiveness of decision-making.
Unit 4: Debates in Macroeconomics
In this unit, students critically analyse in-depth scenarios in macroeconomics to understand the functional role of economics in bettering lives. They will engage with debate in the discipline around explanations for contemporary economic dilemmas and the range of possible solutions to problems facing people. Students make predictions and propose solutions to problems facing policy makers and citizens.