VCE Economics Review Panel Terms of
Reference for a Major Review
The VCE Economics Review Panel will undertake the review and development of the VCE
Economics study design, and will develop a draft study design proposal in accordance with the
VCAA Principles and Guidelines for the development and review of VCE studies. The role of the
development panel is advisory and its proposed study design will be subject to endorsement by the
Senior Secondary Curriculum and Assessment Committee (SSCAC) and approval by the Board of
the VCAA.
The Review Panel will develop the draft study design, ensuring the study is benchmarked against
similar subjects in leading global jurisdictions.
In developing the VCE Economics study, the panel will give consideration to:
 the relationship between AusVELS and the study and the relationship between the study and
post-schooling pathways
 the existence of overlap and/or duplication both within the study and between other VCE studies
 the relationship between the study and other VCE, VET and VCAL studies
 the extent to which the study reflects contemporary research and developments that are
appropriate to the field of study and the senior secondary level of schooling
 the appropriateness and coherence of the structure and areas of study in relation to the aims of
the study
 the capacity of the study to enable both broad participation and the achievement of excellence
 the effectiveness of the assessment program in measuring student performance against the
learning outcomes
 the appropriateness of the weighting of the examination and school-based assessment
 the appropriateness of the areas of study and outcomes, and their relationship to the
examination
 the appropriateness of the structure of the study
 the use of digital technologies in the study, including for the purposes of assessment
 the contribution of the study to the development of employability skills
 student workload
 gender and/or cultural and/or socio-economic bias
 any specific minimum facilities and resources required to deliver the study.
The Review Panel will provide evidence that the following data have been considered in the review
and evaluation of the study
 enrolments and enrolment trends by unit and year level (including gender, sector and
location)
 satisfactory completion rates by unit
 grade distributions
 scaled study scores and destination data from VTAC
 reports from State Reviewer, Chairperson of the Examination Panel and Chief Assessor
 reports of audit of School-assessed Coursework
 statistical moderation of coursework
 benchmarking report.
© VCAA
VCE Economics Review Panel Terms of Reference for a Major Review
Consultation
In the development of the proposal the Review Panel will ensure that it consults at least at the draft
proposal stage with key interest groups including:
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Victorian Commercial Teaching Association (VCTA)
teachers interested in being consulted on VCE Economics
the State Reviewer, Chairperson of the Examination Panel and Chief Assessor
the university and TAFE sectors
peak representative agencies in Victoria
Australian Curriculum, Assessment and Reporting Authority (ACARA).
The consultation draft and questionnaire will be made available on the VCAA website during the
consultation period.
© VCAA
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