Subject Code: 2EMS20 Length of course: Full year Credit points and TAS Status: 20 Credit TAS
Precluded combinations with current MHS SACE subjects: None
Course Outline: Students learn how an economy operates, the structure of economic systems and the way in which they function. Students develop an understanding of different economic systems and institutions, and can assess the degree to which these systems and institutions help satisfy people's needs and wants. They become aware that economic decisions are not value-free and have outcomes that may be inconsistent with social, moral, and ethical values.
Students research, analyse, evaluate, and apply economic models that are expressed in graphical and/or diagrammatic form. They make forecasts about economic change and evaluate issues for individuals and groups in local, national, and global settings.
Topics Included:
The course focuses on the development of a student’s understanding of the foundations of the Australian economy.
The core topics include the operation of the market system, economic objectives and indicators, economic policy and the financial sector.
Assessment:
School Based Assessment 70%
Folio 20%
Skills and Application Tasks 50%
External Assessment 30%
Examination
Additional Costs:
Cost for excursions that include entry fees and transport
Length of course: Full year
Credit points and TAS Status: 20 Credit TAS
Precluded combinations with current MHS SACE subjects:
None
Course Outline:
Students learn how an economy operates, the structure of economic systems and the way in which they function. Students develop an understanding of different economic systems and institutions, and can assess the degree to which these systems and institutions help satisfy people's needs and wants. They become aware that economic decisions are not value-free and have outcomes that may be inconsistent with social, moral, and ethical values.
Students research, analyse, evaluate, and apply economic models that are expressed in graphical and/or diagrammatic form. They make forecasts about economic change and evaluate issues for individuals and groups in local, national, and global settings.
Topics Included:
The course focuses on the development of a student’s understanding of the foundations of the Australian economy.
The core topics include the operation of the market system, economic objectives and indicators, economic policy and the financial sector.
Assessment:
Additional Costs:
Cost for excursions that include entry fees and transport
Further information on post school pathways: