Assessment Outline 2024

Economics – ATAR Year 11

Unit 1 and Unit 2

Assessment
Assessment
task When Assessment task
type and weighting
weighting
Task 1: Introduction to Economics and Markets: Demand and supply
15 multiple-choice questions
Semester 1 One short answer question based on economic decision making
10%
Week 5 Two short answer question consisting of a number of parts based on demand – law of demand/supply, constructing a
Data Interpretation/
demand/supply curve from data, factors affecting demand/supply, shift of the demand/supply curve, price
Short Answer
(20%)
Task 5: The Business Cycle and Economic Growth
15 multiple-choice questions
Semester 2
10% Two short answer questions based on hypothetical economic growth data which connect the ideas of economic
Week 7
growth with the business cycle model and the applicable stages of this model.

Task 2: Market Conditions and Elasticity – Extended answer

Case study/Scenario conducted in class under test conditions
Semester 1
10% A series of questions based on a media article dealing with rising fuel prices
Week 8
The questions are based on changes in market conditions including price elasticity of demand and/or supply
Extended Answer
(20%) Task 6: Inflation and Unemployment - Extended answer
A two-section extended response conducted in class under test conditions
Semester 2
10% A series of questions that require students to interpret and respond to a provided data set
Week 11
The questions require students to draw conclusions and make connections between inflation and unemployment

Task 3: Market Failure and Government Intervention - Research/validation

Part A: Students are required to apply their understanding of Market Efficiency to investigate examples of Market
Semester 1
Failure particularly as they relate to externalities and answer guiding questions.
10% Issue: Wk 10
Part B: In class validation on the topic of Market Failure. Students are permitted to access their collected data from
Investigation Submit: Wk 13
Part A in writing an extended answer response under in-class invigilated conditions.
(20%)

Assessment Outline 2024 | Economics | ATAR Year 11

 Task 7: Government Policy and the Macroeconomy - Research/validation
Part A: Students are required to investigate the role of taxation in the macroeconomy. Students will collect and collate
Semester 2
economic data on the topic and answer guiding questions.
10% Issue: Wk 12
Part B: In class validation extended answer question on the role of government and intended outcomes related to
Submit: Wk 15
their area of investigation on taxation. Students are permitted to access notes compiled in Part A.

Task 4: Semester 1 Examination – 2.5 hours using a modified examination design brief from the ATAR Year 12 syllabus
Section One: 24 multiple-choice questions (30%)
Semester 1
15% Section Two: three data interpretation/short answer questions (45%)
Week 16
Section Three: one essay/extended answer question from Unit 1 (25%)
Examination
(40%) Task 8: Semester 2 Examination – 3 hours using the examination design brief from the ATAR Year 12 syllabus
Section One: 24 multiple-choice questions (24%)
Semester 2
25% Section Two: four data interpretation/short answer questions (36%)
Week 19
Section Three: one essay/extended answer questions from a choice of two for each unit of study (40%)

Total 100%

Assessment Outline 2024 | Economics | ATAR Year 11