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
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 …
Achievement Standard | Achievement Standards | Year 10 | Economics and Business | Humanities and Social Sciences | F-10 curriculum
ACHEK052
The ways that governments manage economic performance to improve living standards
Elaborations ScOT Terms
ACHEK052 | Content Descriptions | Year 10 | Economics and Business | Humanities and Social Sciences | F-10 curriculum
Elaboration ACHEK052
identifying examples of fiscal and monetary policy options designed to improve the standard of living, such as productivity policy, training and workforce development, taxation, work visas, migration, buying or selling government securities
Elaboration | ACHEK052 | Content Descriptions | Year 10 | Economics and Business | Humanities and Social Sciences | F-10 curriculum
Elaboration (1) ACHEK052
identifying examples of government intervention that aim to redistribute income (for example, pensions, youth allowance and job search), and goods and services such as health care and education
Elaboration (1) | ACHEK052 | Content Descriptions | Year 10 | Economics and Business | Humanities and Social Sciences | F-10 curriculum
Elaboration (3) ACHEK052
explaining the impact of minimum wage, government payments, taxation and government-funded services on living standards
Elaboration (3) | ACHEK052 | Content Descriptions | Year 10 | Economics and Business | Humanities and Social Sciences | F-10 curriculum
Elaboration (4) ACHEK052
identifying examples of externalities (that is, costs or benefits associated with the production or consumption of goods and/or services that affect the wellbeing of third parties or society more generally) and exploring the ways governments can influence …
Elaboration (4) | ACHEK052 | Content Descriptions | Year 10 | Economics and Business | Humanities and Social Sciences | F-10 curriculum