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. 

Stage 1 | Subject outline | Capabilities | Personal and social capability

Personal and social capability

In this subject students extend and apply their personal and social capability by, for example:

  • understanding that economic reasoning can offer insight into many of the issues that society must deal with
  • appreciating how economics influences their daily lives
  • investigating the factors influencing an individual consumer’s choice
  • predicting how the decisions they make today can affect their future quality of life
  • collaborating with others to collect and interpret data
  • considering how the needs of consumers, producers, government, and society are affected by economic markets
  • sharing and discussing ideas about problems, progress, and innovative solutions
  • listening to and respecting the perspectives of others.