Economics and Business

Economics and Business aims to ensure that students develop:

knowledge about and understanding of work and business environments within the Australian economy, the factors influencing businesses’ decision-making and the importance of entrepreneurship to business success
understanding of resource allocation, opportunity cost and economic decision-making, and application of these concepts to the economy, the business environment and entrepreneurship, work and work futures, and consumer and financial literacy
understanding of the importance of being a participant in the economy through work, operating a business, being a financially literate consumer and informed economic decision-making
appreciation of the key economic and business issues affecting contemporary Australian society, and an understanding of how Australia interacts and is interdependent with the global economy, including the Asia region
reasoning and interpretation skills through application of economics and business concepts and theory to economics and business issues and events, modelling problem-solving and economic decision-making
skills required for inquiry, including questioning and researching, interpreting and analysing, decision-making and communicating.