Search

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 7

By the end of Year 7, students describe the interdependence of consumers and producers in the market. They explain the importance of short- and long-term planning to individual and business success and identify different strategies that may be used. They …

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 9

By the end of Year 9, students explain the role of the Australian economy in allocating and distributing resources, and analyse the interdependence of participants in the global economy. They explain the importance of managing financial risks and rewards …

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 …

Elaboration (1) ACHEK041

investigating the different strategies businesses use to create competitive advantage (for example, research and development, offering a lower-cost product, or by implementing efficient internal operations strategies)

Elaboration ACHES044

collecting relevant data and information (for example, researching the current Australian and global financial landscape or ways to manage financial risks and rewards)

Elaboration (5) ACHEK054

investigating ways that businesses have responded to improving economic conditions (for example, increasing their research and development funding to create innovative products, adjusting marketing strategies to expand their market share, upskilling their …

Elaboration (1) ACHES055

devising the steps needed for an investigation, and evaluating and modifying the plan or adjusting the research focus as appropriate

Curriculum Types

Curriculum Elements Types

General Capabilities