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Through the study of Economics, students examine the most significant individual and social problems through the acquisition of analytical and problem-solving skills and the development of a logical, ordered way of looking at issues. These essential life skills promote the ability to balance different narratives, determine what assumptions matter, and build on existing knowledge.
Economics will influence how students understand markets and their importance to the prosperity and sustainability of society, but most importantly, it will develop a long-term perspective and awareness that understanding the economy requires both a solid intellectual framework and openness to new ideas.
In Stage 2 Economics, students use an inquiring, critical, and thoughtful approach to their study and further develop the ability to think like an economist. They apply their economic inquiry skills and their knowledge and understanding of economic concepts, principles, and models to analyse and respond to economic problems.
The skills and conceptual understandings developed through the core topic Thinking Like an Economist are:
Students learn these skills and conceptual understandings using problem-based scenarios from two or more different economic contexts.
The following assessment types enable students to demonstrate their learning in Stage 2 Economics:
School-based Assessment (70%)
External Assessment (30%)
Students provide evidence of their learning through five or six assessments, including the external assessment component.
Students complete:
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