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 | Learning requirements

Learning requirements

The learning requirements summarise the knowledge, skills, and understanding that students are expected to develop and demonstrate through their learning in Stage 2 Economics.

In this subject, students are expected to:

  1. understand economic concepts, principles, and models
  2. apply economic concepts, principles, and models in a variety of contexts
  3. apply communication skills in economic contexts
  4. apply economic thinking to construct arguments and make recommendations
  5. analyse a range of data and other information using economic concepts, principles, and models
  6. analyse and evaluate the intended and unintended consequences of economic decisions.

These learning requirements form the basis of the:

  • learning scope
  • evidence of learning that students provide
  • assessment design criteria
  • levels of achievement described in the performance standards.