Year 11 Economics - Money Talks

11ECOM
Course Description

Teacher in Charge: J. Lang

What will I learn? 

In Money Talks, students will make sense of the market and its role in determining the prices of goods and services. They will understand the influences on consumer demand and the range of production costs shaping producer supply. Students will develop an understanding of how the Government can and does impact prices through indirect taxes, subsidies, tariffs and quotas. Time is taken to develop the Demand and Supply model as an essential tool in economic analysis.

Students will investigate the answers to questions such as:
- Why are concert tickets so expensive?
- How do consumers tastes and preferences drive the economy?
- Why should sugary drinks have extra tax?
- What are your rights as a consumer?
- Can you run an economy without money?

Skills:
- Graphing Skills
- Communicating economic ideas and opinions through discussion, written material, visual display
- Making decisions and choices
- Making basic calculations, percentage change
- Talking to people
- Using economic models
- Problem-solving
- Critical thinking
- Working in groups and as individuals
- Gathering information and drawing conclusions
- Demonstrating self responsibility.

Suit students who:
- Enjoy discussion and debate
- Like a mix of individual and group work
- Enjoy a range of learning activities
- See a future in journalism, law, retailing, social work, politics, insurance, banking and business ownership.


Pathway

Year 12 Economics, Year 12 Enterprise Business

Contributions and Equipment

BYOD Device
1 Pocket Calculator
Workbook - (optional) available from Officemax


Pathway Tags

The Primary Industries, The Service Industries, Social and Community servicesOffice 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


Related Videos
https://www.youtube.com/watch?v=RP0j3Lnlazs
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