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Year 8 Economics and Business

The Year 8 curriculum gives students the opportunity to further develop their understanding of economics and business concepts by exploring the ways markets – including traditional Aboriginal and Torres Strait Islander markets – work within Australia, …

Year 8 | Economics and Business | Humanities and Social Sciences | F-10 curriculum

Year 9 Economics and Business

The Year 9 curriculum gives students the opportunity to further develop their understanding of economics and business concepts by exploring the interactions within the global economy. Students are introduced to the concept of an ‘economy’ and explore …

Year 9 | Economics and Business | Humanities and Social Sciences | F-10 curriculum

Year 10 Economics and Business

The Year 10 curriculum gives students the opportunity to further develop their understanding of economics and business concepts by considering Australia’s economic performance and standard of living. The ways governments manage economic performance to …

Year 10 | Economics and Business | Humanities and Social Sciences | F-10 curriculum

Rationale Economics and Business

As mass global flows of people, resources, finances and information produce social, economic, political and environmental complexities and challenges, Australia needs enterprising individuals who can make informed decisions and actively participate …

Rationale | Economics and Business | Humanities and Social Sciences | F-10 curriculum

Structure Economics and Business

The Australian Curriculum: Economics and Business is organised in two related strands: economics and business knowledge and understanding, and economics and business inquiry and skills. In both these strands, the study of economics and business issues, …

Structure | Economics and Business | Humanities and Social Sciences | F-10 curriculum

Achievement Standard Economics and Business Year 8

By the end of Year 8, students explain how markets operate and recognise why governments may influence the market’s operation. They explain the rights and responsibilities of consumers and businesses in terms of financial and economic decision-making. …

Achievement Standard Economics and Business Year 10

By the end of Year 10, students explain why and how governments manage economic performance to improve living standards. They give explanations for variations in economic performance and standards of living within and between economies. They analyse factors …

ACHEK027

The ways markets in Australia operate to enable the distribution of resources, and why they may be influenced by government

Elaborations ScOT Terms

ACHEK052

The ways that governments manage economic performance to improve living standards

Elaborations ScOT Terms

Elaboration ACHEK027

identifying who is involved in the market system in Australia and explaining how the market operates through the interactions of the participants (for example, household, business, finance, and government sectors)

Elaboration (3) ACHEK027

identifying examples of government involvement in the market through reallocation of resources, regulation of economic activity or redistribution of income (for example, providing some types of goods and services not being provided sufficiently by the …

Elaboration (4) ACHEK027

identifying reasons government intervenes in the market (for example, to improve economic performance and remedy market failure)

Elaboration (2) ACHEK029

identifying examples of how businesses are required by government to protect the safety of consumers (for example, mandatory and voluntary standards, product safety recalls)

Elaboration (2) ACHEK030

exploring different external factors that influence business opportunities, such as government and government policy, competitors in the market, demographics, technological innovations in production processes and product design, economic conditions, globalisation, …

Elaboration ACHEK038

identifying participants in the open Australian economy including household, business, finance, government and foreign sectors

Elaboration ACHEK039

exploring Australia's interdependence with other economies and brainstorming the ways that consumers, producers, workers and governments interact with other economies

Elaboration (2) ACHEK039

examining the implications of participating in an interdependent global economy for consumers, workers, businesses and government (for example, mapping the global supply chain for a product to identify the advantages and disadvantages for participants …

Curriculum Types

Curriculum Elements Types

General Capabilities