WEEK 1

Introduction to Economics

Economies: their similarities and differences

You will learn about:
  • examine similarities and differences between Australia and at least one economy in Asia in relation to:
– economic growth and the quality of life
– employment and unemployment
– distribution of income
– environmental sustainability
– the role of government in health care, education and social welfare.

You will learn to:
Examine economic issues
  • compare and contrast the ways that different economies deal with specific problems or issues
Apply economic skills
  • identify bias in media items on economic issues affecting the local, state and national economies

Examine the information in this file (authored by Leith Thompson)

how_do_we_compare_economies___2_.pdf
File Size: 924 kb
File Type: pdf
Download File

Follow the example for ‘Size of the economy’ as WaGOLL.

Write a paragraph in the Google doc, choose ONE of these (you can work with others):

  • Economic growth 
  • Inequality 
  • Employment/ Unemployment 
  • Quality of life 
  • Environmental quality 
  • The role of government