Course Summary

Economics is the study of how resources are allocated to meet the needs and wants of society. It attempts to explain how and why people behave the way they do and the consequences of their decision-making. By unpacking the economic considerations around how to best meet the needs and wants of citizens, the study of Economics provides students with valuable insight into issues that may affect them both individually and as members of society. Economics assists us in making more informed and responsible decisions and in making a contribution to public debate as active citizens.

VCE: Units 1, 2, 3 & 4 available  

Learning Activities & Assessment

• Select an industry and create a visual photo-journey of how technology has evolved in this industry over the past fifty years
• Visit a supermarket to investigate the level of competition in certain lines of goods; complete fieldwork to gather information and data on product types and product range, producers and whether the good is manufactured in Australia or overseas; organise to speak to the store manager to discuss some of the current issues and challenges facing supermarkets in Australia, e.g. the level of competition in the grocery industry
• Use the Australian Competition and Consumer Commission (ACCC) website (www.accc.gov.au) to investigate various types of anti-competitive behaviour; select one type of anti-competitive behaviour and prepare a written report on a current or a recent case investigated by the ACCC