COURSE: Year 11 Economics TASK: 3 WEIGHTING: 40% TASK: Multimedia Presentation TIMING: 20-25 MINUTES OUTCOMES:P1,P5-11 TASK DATE: Week 9, 9th September, 2021 HANDED OUT: Week 6, Term 3 2021 TASK REQUIREMENTS: Work individually, with a partner or group of 3 max. develop a 20 - 25 minute multimedia presentation. This can be a podcast, a vlogcast, an i-movie, a Ted-Talk style presentation, a Flipgrid, Google Slide with voice over narration and animation etc. In your presentation you are to: ● Define each term under the subheadings ‘Economic functions of the Australian Government’ and Federal Budget ● Explain how the Australian government reallocates resources and redistributes income ● Discuss key components of the 2021 Federal Budget using economic data ● Evaluate current fiscal policies strategies used to stabilise economic activity ● Edutain the audience: ○ Your presentation should be educational and entertaining, use stories and examples to get your point across. It should not be dry and scripted. ○ Bounce off each other, make it conversational (see 'The Economists' Podcast link as an example) ○ Ensure you have covered all relevant syllabus areas in Topic 6- Government and The Economy ○ Use the Tim Dixon, Tim Riley Textbooks and online resources. Syllabus content to cover: Economic functions of the Australian Government ● reallocation of resources – types of taxes: direct and indirect, types of expenses ● redistribution of income – progressive, regressive and proportional taxes, social welfare payments ● stablisation of economic activity – a brief overview of the stabilising role of monetary and fiscal policies ● government business enterprises ● other – including competition and environmental policies Federal Budget ● the budget process ● types of budgets – surplus, balanced, deficit ● revenue and expenses RUBRIC You will be assessed on how well you: ● Demonstrate knowledge and understanding relevant to the topic ● Utilise the possibilities of a multimedia presentation ● Communicate using relevant economic terminology, theory and concepts ● Work independently and in groups to achieve goals in set timelines Marking Criteria Mark ● Demonstrates a clear and comprehensive understanding how the Australian government reallocates resources and redistributes income ● Demonstrates a thorough understanding of the 2021 Federal Budget integrating economic data ● Makes a well-informed judgement of current fiscal policies strategies used to stabilise economic activity ● Communicates in a logical and cohesive manner, integrating relevant economic theory, concepts and information in the chosen medium 17-20 ● Demonstrates a thorough understanding how the Australian government reallocates resources and redistributes income ● Demonstrates a detailed understanding of the 2021 Federal Budget using economic data ● Makes some judgement of current fiscal policies strategies used to stabilise economic activity ● Communicates in a logical and cohesive manner using economic theory, concepts and information in the chosen medium 13-16 ● Demonstrates a sound understanding how the Australian government reallocates resources and redistributes income ● Demonstrates some understanding of the 2021 Federal Budget referring to economic data ● Makes reference to current fiscal policies strategies used to stabilise economic activity ● Communicates in a logical manner referring to economic theory, concepts and information in the chosen medium 9-12 ● Sketches in general terms an understanding how the government reallocates resources and redistributes income ● Presents a generalised understanding of the 2021 Federal Budget ● May refer to current fiscal policies strategies ● Uses some economic theory, concepts or information in the chosen medium 5-8 ● Presents a limited understanding of the economic functions of the Australian government ● Uses some economic terms ● May identify components of the Federal Budget or fiscal policy strategies 1-4