Economics

Prelimis/HSC

Yearly Topic Summary based on the NSW Syllabus:

Economics

Preliminary Economics:

Introduction to Economics: Basic economic concepts, demand and supply, market equilibrium, and economic indicators.

Consumers and Business: Consumer behaviour, market structures, production, costs, and revenue.

Markets and Government: Role of government in the economy, market failure, externalities, and government policies.

Economic Issues: Globalization, income distribution, economic growth, and environmental sustainability.

HSC Economics:

The Global Economy: International trade, exchange rates, global organizations, and economic development.

Economic Policies and Management: Fiscal and monetary policies, economic growth strategies, and economic reform.

Economic Issues: Contemporary economic issues, market efficiency, income distribution, and environmental sustainability.

Research Project: Independent research project on an economic issue.