Print
Stage 1 | Subject outline | version control
Economics
Stage 1
Subject outline
Version 4.0 - For teaching in 2024.
Accredited in November 2019 for teaching at Stage 1 from 2020.
Accredited in November 2019 for teaching at Stage 1 from 2020.
Stage 1 | Subject outline | Capabilities | Personal and social capability
Personal and social capability
In this subject students extend and apply their personal and social capability by, for example:
- understanding that economic reasoning can offer insight into many of the issues that society must deal with
- appreciating how economics influences their daily lives
- investigating the factors influencing an individual consumer’s choice
- predicting how the decisions they make today can affect their future quality of life
- collaborating with others to collect and interpret data
- considering how the needs of consumers, producers, government, and society are affected by economic markets
- sharing and discussing ideas about problems, progress, and innovative solutions
- listening to and respecting the perspectives of others.