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 | Teaching and Learning Framework

Teaching and learning framework 

Stage 2 Economics is a 20-credit subject.

The skills and conceptual understandings developed in the core topic ‘Thinking like an economist’ are:

  • economic inquiry skills
  • data analysis
  • microeconomics
  • macroeconomics.

Teachers facilitate student learning of these skills and conceptual understandings using problem-based scenarios from two or more different contexts.

Students are provided with opportunities to demonstrate application of their learning to a variety of contexts. When developing teaching programs, teachers determine the depth and breadth for each context.