![]() You will gain the skills to assess the strengths and weaknesses of various policies. You will examine a range of current data and information in order to discuss and analyse contemporary economic policies and issues. We explore the policies the Australian Government uses to manage the economy and achieve its economic goals. The focus of Unit 4 is managing the economy. Plus we look at factors that contribute to economic success such as strong relationships with our trading partners. We examine Australia’s role in the global economy. We explore the role of markets in the economy and reasons for government intervention the theory is then applied to a range of contemporary issues in Australia. ![]() The focus of Unit 3 is Australia’s economic prosperity. It also looks at how the decisions they make about the allocation of scarce resources affects the Australian economy and our living standards. Economics is a social science which explores the role of consumers, businesses, governments and other organisations. The Australian economy is constantly evolving. Shape-type-3 Year 12 Economics Units 3 and 4 Overview
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