The focus of Unit 1 is on economics choices and consequences, specifically how a society organises itself to meet the needs and wants of its citizens. The focus of Unit 2 is on economic change, specifically the impact the changing nature of Australia’s population will have on economic growth and living standards.
• Markets in the Australian economy • Economic issues • Economic growth • Sustainable development • Creation and distribution of wealth and income • Inflation
• Population, employment and change • Global economic issues • International economic relations • Development economics • Economic globalisation
• an analysis of written, visual and statistical evidence • a folio of applied economic exercises • problem-solving tasks • a folio of annotated media commentaries using print or electronic materials; • a report of an investigation • case studies • a debate • an essay • a presentation (oral, multimedia, visual) • a web page • economic simulation activities • a test
Economist, accountant, bank officer, commodity trader, finance manager, hospital administrator, importer and exporter, industrial relations officer, investment analyst, investment banker, management consultant, market researcher, political scientist, retail buyer, statistician, stock broker, taxation agent, treasurer, urban and regional planner, valuer.
Before undertaking VCE Economics, you should have satisfactorily completed Year 10 Economics and demonstrated sufficient competency in all skill areas, or be prepared to complete catch-up work. You must undertake Unit 3 prior to undertaking Unit 4.