Level 1 Economics

Subject Description

Teacher in Charge: M. Gray

Students will gain both a practical and theoretical understanding of consumer decisions, producer decisions and the subsequent behaviour of these two groups in the market place. This is a foundation course that will equip students with economic terminology, knowledge, skills and models essential to the ongoing study of Economics at higher levels.

The core Economics Level 1 course includes a total of 17 credits as detailed below. It may be that it is more appropriate for some students to be entered for AS90985 instead of AS90986, which would reduce the total credits to 15. This will be discussed and modified during the year on a case-by-case basis.

Possible alternative standard - A.S. 90985 v3 Economics 1.3 - Demonstrate understanding of producer choices using supply


Social Science

Detailed Subject Outline

Level 2 Economics

Career Pathways

Accountant, Auditor, Accounts Officer, Economist, Financial Adviser, Payroll Officer, Policy Analyst, Secondary School Teacher

Contributions and Equipment/Stationery

Workbook $25

Pathway Tags

Office Manager, Accounts Officer, Banking, Insurance, Business Consultant, Mortgage Broker, Retail Buyer, Accountant, Auditor, Finance Manager, Financial Adviser, Currency Dealer, Economist, Statistician, Secondary School Teacher, Tertiary Lecturer, Property Manager, Real Estate, Valuer, Business Owner, Business Manager, Advisor, Consultant, Policy Analysis, Business Journalist


An individual course will only run if sufficient students are accepted into the course.

All approvals for courses through this system are subject to satisfactory achievement in remaining internal standards and external examinations. Course Confirmation Day will run at the start of next year, where final approval for each course will be confirmed.