Economics (Year 11 & 12) is delivered from Elanora SHS

Economics is essentially a study of how to use scarce resources in the best way possible. Households, businesses and governments are confronted with the economic problem of alternative uses of their limited resources and, for this reason, Economics is sometimes referred to as the science of choice. The political ramifications inherent in the process of choosing will be examined during the course of study.

Studies in Economics will provide students with knowledge and skills that are both relevant for living in contemporary society and useful for a range of careers in commerce and industry.

Some topics studies include

• International economics
• The stockmarket
• Environmental economics
• Finance
• Globalisation
• Economics of technology change
  

Resources Required

Year 11

• Kirkwood et al. Economics for the Real World Book 1 - 2nd Edition Sth. Melbourne, Addison Wesley Longman (2005)

Year 12

• Kirkwood et al. Economics for the Real World Book 2 - 2nd Edition Sth. Melbourne, Addison Wesley Longman (2006)

Assessment

Students engage in a variety of thought-provoking assessment activities including:

• Extended Written Response to Stimulus
• Written Response to Inquiry
• Non-Written Response to Inquiry
• Short Response Items  

Considerable support is provided by VSS Economics teachers to assist students in preparing for assessment.

Three items of assessment are completed in each semester.