Economic Government and Law

Topics: Law, Democracy, Common law Pages: 3 (807 words) Published: March 27, 2013
Name: Miss Lalita Middle Name Leila Surname Miller
Student Number: 9091439387H
Year: 8, SD, WB
Teacher Name/Code: Kruske/KRUSKO
Subject: SOSE
Essay about Economics, Government and the law

Why is it important for students to learn about economics, government and the law in preparation for becoming responsible and active Australian citizens? Student needs to learn about economics, government and the law so they become a responsible citizen. Economics teaches us about budgeting and the different between needs and wants. It helps peoples make wise decisions with their money choices. We need to know about the government so we can vote wisely and understand levels of government and their duties. We need to learn about the law so we understand it and we don’t break it.

Study economic should help a student to become more financially responsible and will help them make more informed decisions as both a consumer and as a voter. Studying government will help students to know their responsibilities as a citizen of that country and studying law will develop their determination, commitment, intellect and stamina.

Studying economics should help a student to become more financially responsible because Economics is best described as the study of humans behaving in response to having only limited resources to fulfil unlimited wants and needs.  All humans have their rights and their responsibility. So it is important for students to learn about economic so they understand it, so they know “how to spend” “what to spend” “what we should spend our money on” and “how are they going to make more profit”. If you have a good understanding of economics you can know the different between needs and wants, know how to manage your budgeting. You can do comparison shopping to get the best deals at the best price so you can save more money. You can understand about business and be able to spot and understand the importance of secondary effects. By understanding the economic...
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