Based on course outline - subject to change
| Week | Dates | Topic | Assessment |
|---|---|---|---|
| W1–2 | 4–14 Feb | Introduction to economics; scarcity, opportunity cost, PPF | |
| W3–4 | 17 Feb – 28 Feb | Demand, supply & market equilibrium; price mechanism | |
| W5–6 | 3–14 Mar | Elasticity of demand & supply; applications to markets | |
| W7 | 17–21 Mar | Market structures; perfect competition, monopoly, oligopoly | Test 1 (10%) Markets, Demand & Supply |
| W8–9 | 24 Mar – 3 Apr | Market failure; externalities, public goods, government intervention | Extended response 1 out |
| Week | Dates | Topic | Assessment |
|---|---|---|---|
| W1 | 21–25 Apr | International trade; comparative advantage, free trade vs protection | Extended Response 1 (10%) |
| W2–3 | 28 Apr – 9 May | Exchange rates; determination, managed & floating systems | |
| W4 | 12–16 May | Balance of payments; current & capital/financial accounts | |
| W5–6 | 19–30 May | Semester 1 Exam - Micro & International (15%) | |
| W7–8 | 2–13 Jun | Terms of trade; foreign investment & foreign debt | |
| W9 | 16–20 Jun | Globalisation; trends, causes & effects on Australia | Test 2 (10%) International Economics |
| W10–11 | 23 Jun – 3 Jul | Trade agreements; WTO, bilateral & regional FTAs | Extended response 2 out |
| Week | Dates | Topic | Assessment |
|---|---|---|---|
| W1 | 20–24 Jul | National income; GDP, circular flow, business cycle | Extended Response 2 (10%) |
| W2–3 | 27 Jul – 7 Aug | Aggregate demand & aggregate supply; AD/AS model | |
| W4–5 | 10–21 Aug | Inflation, unemployment & economic growth | |
| W6 | 24–28 Aug | Fiscal policy; budgets, government spending & taxation | Test 3 (10%) Macroeconomics |
| W7–8 | 31 Aug – 11 Sep | Monetary policy; RBA, interest rates, transmission mechanism | |
| W9–10 | 14–25 Sep | Semester 2 Exam - All Units (25%) | |
| Week | Dates | Topic | Assessment |
|---|---|---|---|
| W1–2 | 12–22 Oct | Exam feedback & WACE exam preparation | |
| Nov | TBA | WACE Exam - external (50%) | |
| Type | Component | Weight |
|---|---|---|
| Tests (40%) | Test 1 - Markets, Demand & Supply | 10% |
| Test 2 - International Economics | 10% | |
| Test 3 - Macroeconomics | 20% | |
| Extended Responses (20%) | Extended Response 1 | 10% |
| Extended Response 2 | 10% | |
| Examinations (40%) | Semester 1 Exam - Micro & International | 15% |
| Semester 2 Exam - All Units | 25% |