Economics for People
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      • WEEK 1
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    • TO INFINITY AND BEYOND >
      • LABOUR MARKET INSTITUTIONS
  • HSC
    • THE GLOBAL ECONOMY >
      • INTEGRATION
      • TRADE
      • ECO DEVELOPMENT
    • AUSTRALIA'S PLACE IN THE GLOBAL ECONOMY >
      • AUS TRADE & FIN FLOWS
      • EXCHANGE RATES
      • PROTECTION IN AUS
    • ECONOMIC ISSUES >
      • ECONOMIC GROWTH
      • UNEMPLOYMENT
      • INFLATION
      • EXTERNAL STABILITY
      • INCOME & WEALTH
      • ENVIRONMENT
    • ECO POL & MMENT >
      • OBJECTIVES
      • FISCAL POLICY
      • MONETARY POLICY
      • MICRO POLICIES
      • LABOUR MKT POLICIES
      • ENVIRONMENTAL POLICY
      • LIMITATIONS
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​To Infinity and Beyond

Unit Overview

​Market forces are not always reliable, and we need governments and other institutions to safeguard our democracy and our standard of living. The problem is how do we know where and when?

​Key Knowledge

This unit focuses on institutions and their role in creating a sustainable and economically viable future with an analysis of current government policy, specifically the federal budget. The topics are:
  • Labour market institutions
  • Regulation of financial markets – the role and functions of current institutions
  • Functions of the three levels of government
    • Constitutional powers
    • Size of the public sector
    • Economic functions of the Australian Government
  • Federal Budget

​

​​Skills

  • ​Comprehend the background and implications of contemporary economic issues.
  • Discuss appropriate policies to solve economic problems and issues.

Essential Questions


​How can we provide for vulnerable people in a global pandemic?

What are the economic impacts of a pandemic and how can a government respond justly?


​Outcomes or desired results

P2 explains the economic role of individuals, firms and government in an economy
P3 describes, explains and evaluates the role and operation of markets
P5 analyses the relationship between individuals, firms, institutions and government in the Australian economy
P10 communicates economic information, ideas and issues in appropriate forms
P12 works independently and in groups to achieve appropriate goals in set timelines

​Collaboration is key: Ask a Nobel-Prize Winner!

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  • Home
  • Assessment
    • Y11
    • Y12
  • FOR TEACHERS
  • Preliminary
    • THE ECONOMICS OF EVERYTHING >
      • WEEK 1
      • WEEK 2
      • WEEK 3
      • WEEK 4
      • WEEK 5
      • WEEK 6
      • WEEK 7
      • WEEK 8
      • WEEK 9
      • WEEK 10
      • WEEK 11
    • CURIOUS CHOICES >
      • WEEK 1
      • WEEK 2
      • WEEK 3
      • WEEK 4
      • WEEK 5
      • WEEK 6
      • WEEK 7
      • WEEK 8
      • WEEK 9
      • WEEK 10
    • THE WORLD IS NOT FLAT >
      • WEEK 1
      • WEEK 2
      • WEEK 3
      • WEEK 4
      • WEEK 5
      • WEEK 6
    • TO INFINITY AND BEYOND >
      • LABOUR MARKET INSTITUTIONS
  • HSC
    • THE GLOBAL ECONOMY >
      • INTEGRATION
      • TRADE
      • ECO DEVELOPMENT
    • AUSTRALIA'S PLACE IN THE GLOBAL ECONOMY >
      • AUS TRADE & FIN FLOWS
      • EXCHANGE RATES
      • PROTECTION IN AUS
    • ECONOMIC ISSUES >
      • ECONOMIC GROWTH
      • UNEMPLOYMENT
      • INFLATION
      • EXTERNAL STABILITY
      • INCOME & WEALTH
      • ENVIRONMENT
    • ECO POL & MMENT >
      • OBJECTIVES
      • FISCAL POLICY
      • MONETARY POLICY
      • MICRO POLICIES
      • LABOUR MKT POLICIES
      • ENVIRONMENTAL POLICY
      • LIMITATIONS
  • Contact