Economics PHSC

Economics TASK 1, TASK 2, TASK 3, TASK 4, TASK 5

Course Description:

The Preliminary course focuses on aspects of the economic behaviour of consumers, business and governments. Much of this behaviour is influenced by the operation of markets. Two key markets, the labour market and the financial market, are examined in detail. The Preliminary course provides an essential foundation for the HSC course.

Assessment Schedule:

	Syllabus Weightings	Task 1	Task 2	Task 3	Task 4	Task 5
Nature of Task		Group Work	Half Yearly	Stimulus based skills	Research / Investigation	Final Exam
Timing of Task		Term 2 Week 10	Term 2 Week 5	Term 3 Week 2	Term 3 Week 9	Term 3 Week 11
Syllabus component
Introduction to Economics	10		5	5
Consumers and Business	10		5			5
Markets	20			5	10	5
Labour Markets	20			5	10	5
Financial Markets	20			5	10	5
Government and the Economy	20	10				10
Marks	100	10	10	20	30	30

Task 1

Outcomes: P1 P2 P3 P4 P8 P9 P10 P12

Weighting: 10%

Compare and contrast the operation of an economy other than Australia with that of Australia.

Format: Power Point Presentation

Your report should include a discussion of the following:

System of government

Overview of economic well being

Comparison of economic indicators including:

Standard of living

Unemployment / employment

Economic growth

Inflation

Economic development (quality of life)

Resources

Main exports / imports

Environmental quality

Role of the government in health care, education and welfare payments.

NOTE- A short test at the end of your presentation will be based on terminology used in the presentation.

Mark	Criteria
Band 6	Comprehensively integrates economic terms, concepts, relationships and theory to compare and contrast economies Displays superior analysis of the economies using statistical evidence Presents a sustained, logical and well structured answer Uses extensive economic vocabulary and illustrative examples Demonstrates critical judgment and sound reasoning to select, organise, synthesise and evaluate relevant information from a variety of sources
Band 5	Provides clear definitions of economic terms and soundly applies concepts and relationships to compare and contrast economies Displays some analysis of the role of economies using statistical evidence Uses relevant economic vocabulary and illustrative examples Demonstrates accomplished judgment and reasoning to select, organise and evaluate relevant information from a variety of sources
Band 4	Provides definitions of relevant economic terms and discussion of economic concepts and relationships to compare and contrast economies Displays some analysis of these economies and supports this with evidence Uses economic vocabulary and examples to illustrate response Demonstrates sound judgment and reasoning to select, organise and evaluate relevant information from a variety of sources
Band 3	Provides clear definitions of some economic terms, concepts and relationships to compare economies Displays some analysis of these economies without supportive evidence Uses some economic vocabulary and examples Demonstrates some judgment and reasoning to select, organise and evaluate relevant information from a variety of sources
Band 2	Provides less than clear definitions of some terms and concepts Provides a simple description of these economies Does not use economic vocabulary or examples Uses information from limited sources
Band 1	Not submitted

Assessment Result and Feedback:

Students will be informed of their result in a numerical form and Band level. A written comment will accompany this result explaining the reason for the grading and suggestions on how to improve this result.

P1 A student demonstrates understanding of economic terms, concepts and relationships.

…………………………………………………………………………………………..

P2 A student explains the economic role of individuals, firms and government in an economy.

…………………………………………………………………………………………..

P4. A student compares and contrasts aspects of different economies.

…………………………………………………………………………………………..

P9. A student selects and organises information from a variety of sources for relevance and reliability.

…………………………………………………………………………………………..

P10. A student communicates economic information, ideas and issues in appropriate forms.

…………………………………………………………………………………………..

Barrenjoey High School Social Science Department

Preliminary Economics Task#1 Group Work

Task 3

Outcomes: P1 P8 P11

Weighting: 20%

Format – In class exam.

Skills covered include:

Statistical, interpretation and graphical skills utilising contemporary and hypothetical situations.

Barrenjoey High School Social Science Department

Preliminary Economics Task#3 Stimulus based skills test

TASK 2

Outcomes: P1 P2 P3 P4 P5 P7 P8 P9 P10 P12

Weighting: 10%

Written Exam- 1 ½ hrs

Format:

Section A – Twenty Multiple choice. (one mark each)

Section B - Four short answer questions (totalling twenty marks)

Section C – One essay (twenty marks)

Barrenjoey High School Social Science Department

Preliminary Economics Task#2 Half Yearly Exam

Task 5

Outcomes: P1 P2 P5 P6 P7 P8 P10 P11

Weighting: 40%

Task– Yearly Exam.

Format:

Section A – Twenty multiple choice (20 marks)

Section B – Four short answer (40 marks)

Section C – two essays (40 marks)

One stimulus essay and

One extended response

Barrenjoey High School Social Science Department

Preliminary Economics Task#5 Yearly Exam

Task 4

Outcomes: P1 P2 P5 P6 P7 P8 P9 P10 P12

Weighting: 20%

Task– In class essay.

TOPIC – Government

Investigate the impact of our aging population on tax receipts, social welfare education and other areas of government budgeting. Discuss the range of policy options available to the government to address the economic issues an aging population creates.

Mark	Criteria
Band 6	Comprehensively integrates economic terms, concepts, relationships and theory to investigate the impact of an aging population on the Australian economy. Displays superior analysis of policy options available to the government and uses statistical evidence to support answer. Presents a sustained, logical and well structured answer. Uses extensive economic vocabulary and illustrative examples. Demonstrates critical judgment and sound reasoning to select, organise, synthesise and evaluate relevant information from a variety of sources
Band 5	Provides clear definitions of economic terms and soundly applies concepts and relationships to investigate the impact of an aging population on the Australian economy. Displays some analysis of policy options available to the government and uses statistical evidence Uses relevant economic vocabulary and illustrative examples Demonstrates accomplished judgment and reasoning to select, organise and evaluate relevant information from a variety of sources
Band 4	Provides definitions of relevant economic terms and discussion of economic concepts to investigate the impact of an aging population on the Australian economy. Displays some analysis of policy options available to the government Uses economic vocabulary and examples to illustrate response. Demonstrates sound judgment and reasoning to select, organise and evaluate relevant information from a variety of sources
Band 3	Provides clear definitions of some economic terms, concepts and relationships to investigate the impact of an aging population on the Australian economy. Displays some analysis of analysis of policy options available to the government without supportive evidence. Uses some economic vocabulary and examples. Demonstrates some judgment and reasoning to select, organise and evaluate relevant information from a variety of sources.
Band 2	Provides less than clear definitions of some terms and concepts. Provides a simple description of the role of the Australian government in planning Australia’s future. Does not use economic vocabulary or examples. Uses information from limited sources.
Band 1	Not submitted

Barrenjoey High School Social Science Department

Preliminary Economics Task#4 Research and Investigation

Barrenjoey High School

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Economics PHSC

Task 1

Task 3

TASK 2

Task 5

Task 4