The benefits from trade (both exports and imports) Term 3 The composition of Australia’s trade The direction of Australia’s Week Australia’s major export and import markets (DE) Chap. 11 6 The importance of the Asia-Pacific region The definition of the balance of payments The difference between the current account and the ATAR capital and financial account Chap. 12 The difference between a debit and a credit entry The main categories that comprise the current account The main categories that comprise the capital and financial account The reason why the balance of payments ‘balances’ The effect of an increase in the current account on (DE) Chap. 11 Term 3 the capital and financial account The effect of an increase in the capital and financial Week account on the current account ATAR 7 YEAR 12 content: structural vs. cyclical reasons for Chap. 12 the current account deficit Revision for Assessment 4: Balance of Payments Term 3 (DE) Chap. 12 Topic 6: Income Distribution Ass #4 the concepts of income and wealth Week ATAR Balance of how the Lorenz represents inequality in the 8 Chap. 13 Payments distribution of income and wealth Topic 7: The public sector The definition of a market economy’ ‘modified The difference between the public and private sectors (DE) Chap. 14 The role of government in a modified market Term 3 economy: regulate business, stabalise the business cycle, redistribute income via tax and welfare, ATAR Week provision of goods & services. Chap. 13 9 the size of the government sector in the Australian economy currently, over time, and relative to other economies the size and composition of government revenue and spending (fiscal policy stance) in Australia at the Commonwealth, and local government levels Topic 8: Taxation The difference between a direct tax and an indirect tax The difference between a progressive tax, a regressive tax and a proportional tax The main Commonwealth government taxes: personal income tax, GST, company, capital gains, fringe benefit, excise duty (DE) Chap. 15 Term 3 The criteria to assess a tax system (simplicity, equity and efficiency)
Term 3 Week 6 The benefits from trade (both exports and imports) The composition of Australia’s trade The direction of Australia’s Australia’s major export and import markets The importance of the Asia-Pacific region The definition of the balance of payments The difference between the current account and the capital and financial account The difference between a debit and a credit entry The main categories that comprise the current account The main categories that comprise the capital and financial account (DE) Chap. 11 ATAR Chap. 12 Term 3 Week 7 The reason why the balance of payments ‘balances’ The effect of an increase in the current account on the capital and financial account The effect of an increase in the capital and financial account on the current account YEAR 12 content: structural vs. cyclical reasons for the current account deficit (DE) Chap. 11 ATAR Chap. 12 Term 3 Week 8 Revision for Assessment 4: Balance of Payments Topic 6: Income Distribution the concepts of income and wealth how the Lorenz represents inequality in the distribution of income and wealth (DE) Chap. 12 ATAR Chap. 13 Ass #4 Balance of Payments Term 3 Week 9 Topic 7: The public sector The definition of a ‘modified market economy’ The difference between the public and private sectors The role of government in a modified market economy: regulate business, stabalise the business cycle, redistribute income via tax and welfare, provision of goods & services. the size of the government sector in the Australian economy currently, over time, and relative to other economies the size and composition of government revenue and spending (fiscal policy stance) in Australia at the Commonwealth, and local government levels Topic 8: Taxation The difference between a direct tax and an indirect tax The difference between a progressive tax, a regressive tax and a proportional tax (DE) Chap. 14 ATAR Chap. 13 Term 3 The main Commonwealth government taxes: personal income tax, GST, company, capital gains, fringe benefit, excise duty The criteria to assess a tax system (simplicity, equity and efficiency) (DE) Chap. 15
Year_11_Economics_2018_Program_and_Assessment_Outline.docx