VCE U1 A of S2: Decision making in markets

Unit 1: Area of Study 2
Decision making in markets

OUTCOME 2:
On completion of this unit the student should be able to explain the role of relative prices and other non-price factors in the allocation of resources in a market-based economy and analyse the extent of competition in markets.

By Violet Byrnes

Multiple Choice

Where would you find the relevant information for this area of study?

• Google

• Study Design

• Textbook

• Teacher

Open Ended

Based on the outcome, predict the content you will learn using economic concepts you have learnt: