SACE Stage 2 Economics case studies
SACE Stage 2 Economics · Put your knowledge to work in context.
SACE Stage 2 Economics is a Year 12 subject within the South Australian Certificate of Education, a senior secondary qualification delivered by the SACE Board of South Australia and listed among the Stage 1 and Stage 2 subjects on the Board's site. It suits students completing Stage 2 who want to understand how markets, governments and economies allocate scarce resources, and who intend to use the subject for tertiary entrance or further study in commerce, finance or public policy. The SACE Stage 2 Economics case studies are 5 cases and about 2,994 words.
1The Ferry Subsidy and the Island's Two Economies
A state government subsidises a ferry service linking a remote island (population 4,200) to the mainland, paying the operator 2.4 million a year so that fares stay at 18 return. Without the subsidy, the operator says fares would need to be 61 to break even, and patronage would fall from 210,000 return trips a year to an estimated 95,000.
625 words, about 3 min2Coffee Cart at the Railway Station: Pricing Under Capacity Limits
A sole trader runs a coffee cart on a railway station concourse under a licence costing 1,800 a month. Each coffee sells for 4.50.
596 words, about 3 min3The Plastic Bag Levy: Elasticity and Revenue Paradox
A state introduces a 15-cent charge on single-use plastic bags at supermarkets. Before the charge, supermarkets gave out 480 million bags a year at no explicit price.
609 words, about 3 min4Unemployment in a Mining Town After Closure
A mining town of 9,000 people loses its main employer when a copper mine closes. The mine directly employed 620 workers; local suppliers employed another 340 people whose jobs depended substantially on the mine.
570 words, about 3 min5Rent Control in a Tight Housing Market
A city of 800,000 people has a rental vacancy rate of 1.2%, well below the 3% considered healthy. Median rent for a two-bedroom flat is 520 a week and has risen 28% in three years, while median household income has risen 9%.
594 words, about 3 min