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