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 | School assessment | Assessment Type 2

Assessment Type 2: Economic project

For a 10-credit subject, students undertake one individual economic project.

For a 20-credit subject, students undertake two individual economic projects.

Students conduct an analysis of an economic question or issue. They apply economic thinking to analyse economic information and construct reasoned arguments.

Students collect and analyse quantitative and qualitative data relating to an economic question or issue. They collect and analyse economic information such as statistics, graphs, journals, newspapers, official reports, case studies, film, cartoons, and articles.

Student evidence may be presented in written, oral, or multimodal form. In whichever form, the economic project should enable students to:

  • analyse a range of data and other information using economic concepts, principles, and models
  • apply principles, models, and terminology appropriately
  • construct reasoned arguments.

Each economic project should be a maximum of 1000 words if written, or the equivalent in oral or multimodal form, where 6 minutes is equivalent to 1000 words.

For this assessment type, students provide evidence of their learning in relation to the following assessment design criteria:

  • understanding
  • application
  • analysis.