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Stage 2 | Subject outline | version control
Economics
Stage 2
Subject outline
Version 4.0
For teaching in Australian and SACE International schools from January 2024 to December 2024. For teaching in SACE International schools only from May/June 2023 to March 2024 and from May/June 2024 to March 2025. Accredited in August 2018 for teaching at Stage 2 from 2021.
For teaching in Australian and SACE International schools from January 2024 to December 2024. For teaching in SACE International schools only from May/June 2023 to March 2024 and from May/June 2024 to March 2025. Accredited in August 2018 for teaching at Stage 2 from 2021.
Stage 2 | Subject outline | Capabilities | Ethical understanding
Ethical understanding
In this subject students extend and apply their ethical understanding capability by, for example:
- developing an understanding that market outcomes may conflict with social, environmental, and ethical outcomes
- developing responsible attitudes towards using limited resources in a productive, ethical, and sustainable way
- acknowledging and referencing the ideas of others
- considering the consequences of economic decisions from ethical perspectives.