Stage 2 | Subject outline | version control

Economics Stage 2
Subject outline

Version 4.0
For teaching in Australian and SACE International schools from January 2024 to December 2024. For teaching in SACE International schools only from May/June 2023 to March 2024 and from May/June 2024 to March 2025. Accredited in August 2018 for teaching at Stage 2 from 2021.

Stage 2 | Subject outline | Capabilities | Ethical understanding

Ethical understanding

In this subject students extend and apply their ethical understanding capability by, for example:

  • developing an understanding that market outcomes may conflict with social, environmental, and ethical outcomes
  • developing responsible attitudes towards using limited resources in a productive, ethical, and sustainable way
  • acknowledging and referencing the ideas of others
  • considering the consequences of economic decisions from ethical perspectives.