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Stage 1 | Subject outline | version control
Economics
Stage 1
Subject outline
Version 4.0 - For teaching in 2024.
Accredited in November 2019 for teaching at Stage 1 from 2020.
Accredited in November 2019 for teaching at Stage 1 from 2020.
Stage 1 | Subject outline | Assessment design criteria
Assessment design criteria
The assessment design criteria are based on the learning requirements and are used by teachers to:
- clarify for the student what they need to learn
- design opportunities for students to provide evidence of their learning at the highest possible level of achievement.
The assessment design criteria consist of specific features that:
- students should demonstrate in their learning
- teachers look for as evidence that students have met the learning requirements.
For this subject the assessment design criteria are:
- understanding
- application
- analysis.
The specific features of these criteria are described below.
The set of assessments, as a whole, must give students opportunities to demonstrate each of the specific features by the completion of study of the subject.
Understanding
The specific features are as follows:
| U1 | Understanding of economic concepts, principles, and models. |
Application
The specific features are as follows:
| Ap1 | Application of economic concepts, principles, and models in a variety of contexts. |
| Ap2 | Application of communication skills in economic contexts. |
| Ap3 | Application of economic thinking to construct arguments. |
Analysis
The specific features are as follows:
| An1 | Analysis of a range of data, and other information using economic concepts, principles, and models. |
| An2 | Analysis of the intended and unintended consequences of economic decisions. |