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Economics

Students learn how an economy operates, the structure of economic systems and the way in which they function. Students develop an understanding of different economic systems and institutions, and can assess the degree to which these systems and institutions help satisfy people's needs and wants. They become aware that economic decisions are not value-free and have outcomes that may be inconsistent with social, moral, and ethical values.

Students research, analyse, evaluate, and apply economic models that are expressed in graphical and/or diagrammatic form. They make forecasts about economic change and evaluate issues for individuals and groups in local, national, and global settings.

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Subject codes

Stage 1
Credits Code
10 1EMS10
20 1EMS20
Stage 2
Credits Code
20 2EMS20

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Announcements

  • Everyone

    Schools can have their say on draft subject outlines for Accounting, Business Innovation (which replaces the current Business and Enterprise subject), and Economics.

    Draft subject outlines, sample learning and assessement plans and assessment task exemplars for these subjects can also be downloaded.

    Schools can provide single school responses to the SACE Board and invite teachers and others to provide individual responses or group responses to the consultation documents.

    The consultation runs until Friday 20 July 2018.

    Find out more about the SACE Board’s subject renewal program

    Read more less
    Accounting Business and Enterprise Economics
  • Everyone

    A review into the Stage 2 requirements of the SACE, initiated by the Minister for Education, the Hon. John Gardner MP, is now open for public submissions. The review is being led by Ms Wendy Johnson, Principal at Glenunga International High School and will be undertaken in partnership with the SACE Board.

    Please provide your submission via an online survey by 17 August 2018.

    Read more less
    Stage 2

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This area is currently being developed to provide more relevant information for students. Keep checking our announcements for details and to be the first to know about new resources.

For more information about this subject, use the teacher subject search