Week Economic Knowledge (Topics) Resources Activities Unit 3 Australia & The Global Economy – Introduction to course distribute syllabus and – program. Discuss expectations Global interdependence The linkages between economies (including trade, foreign investment, tourism and immigration) Parry & Kamp PPT Presentation on The concept of globalisation Chapter 1 Global Term 1 Interdependence Economic indicators of globalisation WACE Study (including growth in foreign Guide Case Studies: Week Chapter 1 Impact of 1. investment, flows of people, growth in 1 globalisation The impact of the communications) 2. mining boom on King The factors facilitating globalisation Australia Pg. 186 (including trade liberalisation, advances in Article analysis: transport and communications, growth in slowdown and commodity slump multinational corporations) The economic effects of globalisation (both costs and benefits) Pattern and trends in global trade over time Websites: The significance of the Chinese and US economies Data Interpretation: The composition of global trade 1. TWI & ULC The relationship between global and economic Term 1 Creelman growth Multiple Choice Practice The concept of international competitiveness Week Extended answer The determinants of international competitiveness practice 2 (including productivity, real unit labour costs, the exchange rate, inflation, education, technology, economic policy) Revision - Assessment 1: Global interdependence Free trade and protection Parry & Kemp The significance of trade for the Australian economy Chapter 2 PPT presentation on Term 1 Why nations trade? The theory of absolute and comparative advantage WACE Study Week and the concept of opportunity cost Guide Working with 3 Chapter 2 models: AA vs. CA The sources of comparative advantage (Parry & Kamp) The gains from specialisation and trade using the King pg 206 - 209 Calculating CA PPF & the demand/supply model input vs. Output Clip: worksheet The gains from both exports and imports (changes to CS/PS) Different forms of protection, including tariffs and Parry & Kemp
Week Economic Knowledge (Topics) Resources Activities Term 1 Week 1 Unit 3 – Australia & The Global Economy Introduction to course – distribute syllabus and program. Discuss expectations Global interdependence The linkages between economies (including trade, foreign investment, tourism and immigration) The concept of globalisation Economic indicators of globalisation (including growth in foreign investment, flows of people, growth in communications) The factors facilitating globalisation (including trade liberalisation, advances in transport and communications, growth in multinational corporations) The economic effects of globalisation (both costs and benefits) Parry & Kamp Chapter 1 WACE Study Guide Chapter 1 King Pg. 186 PPT Presentation on Global Interdependence Case Studies: 1. Impact of globalisation 2. The impact of the mining boom on Australia Article analysis: slowdown and commodity slump Term 1 Week 2 Pattern and trends in global trade over time The significance of the Chinese and US economies The composition of global trade The relationship between global and economic growth The concept of international competitiveness The determinants of international competitiveness (including productivity, real unit labour costs, the exchange rate, inflation, education, technology, economic policy) Revision - Assessment 1: Global interdependence Websites: Data Interpretation: 1. TWI & ULC Creelman Multiple Choice Practice Extended answer practice Term 1 Week 3 Free trade and protection The significance of trade for the Australian economy The theory of absolute and comparative advantage and the concept of opportunity cost The sources of comparative advantage The gains from specialisation and trade using the PPF & the demand/supply model The gains from both exports and imports (changes to CS/PS) Parry & Kemp Chapter 2 WACE Study Guide Chapter 2 King pg 206 - 209 Clip: PPT presentation on Why nations trade? Working with models: AA vs. CA (Parry & Kamp) Calculating CA input vs. Output worksheet Different forms of protection, including tariffs and Parry & Kemp
2017_Yr_12_Econs_ATAR_Program_and_scheme_of_assessment.docx