“c06TheEconomicsOfInternationalTrade_PrintPDF” — 2022/5/31 — 13:29 — page 3 — #3
6.1.2 What you will learn KEY KNOWLEDGE
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Use each of the following points from the VCE Economics Study Design as a heading in your summary notes. • the definition of the selected economic issue, including relevant measures and statistical indicators • the reasons the issue is of importance to the economy at a local, national and international level • the economic factors influencing the extent of the selected economic issue • the different perspectives of households (consumers and workers), business, government and other relevant economic agents regarding the selected economic issue
KEY SKILLS
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• define key economic concepts and terms and use them appropriately • gather, synthesise and use economic information from a range of sources to analyse economic issues • identify trends, patterns, similarities and differences in economic data and other information to draw conclusions • evaluate the economic responses undertaken to address economic issues
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Digital document Key terms glossary (doc-37950)
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Source: VCE Economics Study Design (2023–2027) extracts © VCAA; reproduced by permission.
TOPIC 6 The economics of international trade
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