Economics
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VELS Learning Domain: The Humanities - Economics
Economic knowledge and understanding
The Economic knowledge and understanding dimension focuses on
- economic concepts,
- principles,
- methods and
- models.
Students learn how their needs and wants are met and understand their roles as
- producers,
- workers and
- consumers
and recognise the impact of market forces.
They learn that economic decisions are about the allocation of resources in producing goods and services and about the distribution of the proceeds of production and that these decisions have local, national and global consequences.
They explore the importance and the role of enterprise and entrepreneurship in the production process and in the construction, development and prosperity of an economic system.
Students learn how to manage their personal finances and how to be informed consumers. They explore the world of work in order to develop the ability to make informed decisions about their future education and training needs, and employment.
Students investigate factors affecting the Australian and international economies and the role of government in establishing conditions for economic activity and they develop the ability to use economic knowledge and understanding to evaluate economic decisions and policies.
Economic reasoning and interpretation
The Economic reasoning and interpretation dimension covers the nature of economic thinking.
Students learn:
- to use and practise rational, objective decision making by applying economic reasoning,
- fundamental economic concepts of opportunity cost and cost-benefit analysis,
- to solve problems which assist them in understanding the economy, society and environment.
They develop an ability to
- identify, collect and process data from a range of sources, including electronic media,
- interpret tables, charts and graphs displaying economic data.
- clarify and justify personal values and attitudes about issues affecting the economy, society and environment.
They develop an understanding of the strengths and limitations of economic reasoning and its relationship to other sources of decision making.
Software
Firefox, OpenOffice, Gnumeric, (can't find specialised software alternatives to WinEcon)
Use the Firefox web browser to access economics resources online.
OpenOffice Calc & Math, and Gnumeric
Lesson stuff:
Examples
References
- Economics (http://vels.vcaa.vic.edu.au/essential/discipline/humanities/economics/index.html) | Discipline-based Learning (http://vels.vcaa.vic.edu.au/essential/discipline/index.html) | P-10 Curriculum and Standards (http://vels.vcaa.vic.edu.au/essential/index.html) | VELS HOME (http://vels.vcaa.vic.edu.au/)
- VCTA (http://www.vcta.asn.au) Victorian Commercial Teachers Association
- GATE (http://www.ncee.net/gate/) Global Association of Teachers of Economics
