Economics

Course summary

Students will gain an understanding of the two core strands of Economics: Microeconomics? small decisions made by firms and consumers Macroeconomics? global decisions made by governments and nations Year 12: The first year serves as an introduction to each strand; putting into place the foundation theories of each to be built upon in the second year. Year 13: The course builds upon the models and theory taught in Year 12 to complete the two modules: Micro – Individuals, firms, markets, and market failure Macro – The national and international economy