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 macroeconomic issues to understand the causes of these and their effects on individuals
• investigating the factors influencing an individual consumer’s choice
• predicting how the decisions they make today may affect their future quality of life
• understanding how the behaviour of others affects their own decision-making processes
• 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.