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
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 | Achievement Standards | Year 8 | Economics and Business | Humanities and Social Sciences | F-10 curriculum
ACHEK027
The ways markets in Australia operate to enable the distribution of resources, and why they may be influenced by government
Elaborations ScOT Terms
ACHEK027 | Content Descriptions | Year 8 | Economics and Business | Humanities and Social Sciences | F-10 curriculum
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 | ACHEK027 | Content Descriptions | Year 8 | Economics and Business | Humanities and Social Sciences | F-10 curriculum
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 (3) | ACHEK027 | Content Descriptions | Year 8 | Economics and Business | Humanities and Social Sciences | F-10 curriculum
Elaboration (4) ACHEK027
identifying reasons government intervenes in the market (for example, to improve economic performance and remedy market failure)
Elaboration (4) | ACHEK027 | Content Descriptions | Year 8 | Economics and Business | Humanities and Social Sciences | F-10 curriculum
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) | ACHEK029 | Content Descriptions | Year 8 | Economics and Business | Humanities and Social Sciences | F-10 curriculum
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 (2) | ACHEK030 | Content Descriptions | Year 8 | Economics and Business | Humanities and Social Sciences | F-10 curriculum