Economics
The Economics course offered at the Preliminary (Year 11) and HSC (Year 12) levels provides students with a comprehensive understanding of economic principles, theories, and the operation of economies at both micro and macro levels. It equips students with the analytical tools to interpret economic data, evaluate policy decisions, and engage critically with contemporary issues affecting individuals, businesses, and governments.
In the Preliminary course, students are introduced to the foundations of economic thinking. They examine the nature of economics through concepts such as scarcity, opportunity cost, and decision-making.
The course explores microeconomic behaviour, focusing on how consumers and businesses interact within markets, and investigates key macroeconomic indicators such as GDP, inflation, and unemployment.
Students also analyse government policies and explore current issues including income inequality, environmental sustainability, and globalisation.
The HSC course builds on this foundation by exploring more complex microeconomic and macroeconomic frameworks.
Students investigate market structures, competition, and the causes and consequences of market failure.
They assess the role of fiscal and monetary policy in achieving economic objectives such as growth, stability, and employment.
A global perspective is developed through the study of international trade, exchange rates, and the impact of globalisation.
Students also critically engage with contemporary issues such as climate change, economic inequality, and technological disruption, evaluating the effectiveness of economic policy responses.
Across both years, students develop skills in economic reasoning, data interpretation, critical thinking, and effective communication.
Through case studies and real-world applications, they learn to apply economic theory to both domestic and international contexts. By completing the course, students gain valuable insights into the economic forces that shape society and are well-prepared for further study or careers in economics, finance, policy-making, and related fields.
