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NSW Curriculum
NSW Education Standards Authority

11–12Economics 11–12 Syllabus (2025)

Implementation from 2027
Expand for detailed implementation advice

Content

Life Skills

Life Skills for Stage 6

Through collaborative curriculum planning, it may be decided that Life Skills outcomes and content are the most appropriate option for some students with intellectual disability.

The global economy

This content aligns with course content from the following focus areas in the Economics 11–12 Syllabus:

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Introduction to the global economy
  • Ways to make purchases online or in person

  • Familiar goods and services from different countries

  • Cultural groups and local businesses that have connections to other countries

  • Local groups or businesses that connect with a particular culture

  • Reasons people move between countries, including work, study or family

International trade
  • Trade in familiar contexts

  • The purpose of exchanging goods and services between countries

  • Goods and services exported from Australia

  • Goods and services imported from other countries

  • The benefits of buying and selling between countries

  • How international trade can support Aboriginal and Torres Strait Islander businesses

International investment and finance
  • Reasons that money moves between countries

  • Reasons countries borrow money from other countries

  • Different currencies around the world

  • The role of exchange rates

  • Ways to exchange currency

  • The role of the Australian dollar in international trade and travel

International economic development
  • Benefits of economic development for countries

  • Ways governments can increase economic development

  • Essential resources that countries may need help to access

  • How other countries’ help can improve a country’s economy

  • Factors that contribute to living standards and quality of life

  • Ways Australia supports other countries

Impacts of the global economy on Australia
  • Ways individuals are connected globally

  • The role of global partnerships in trade and business

  • Ways intercultural understanding can improve business relationships and communication

  • Effects of economic interdependence

Applying business and economic thinking
  • Demonstrate strategies to exchange goods and communicate the benefits of trade

  • Calculate basic currency conversions

  • Apply skills and strategies to work cooperatively with others towards a common goal

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