Elaboration (4) ACHEK030
exploring different internal factors that influence business opportunities, such as the product, location, resources, management and business culture including ability to be adaptable and demonstrate enterprising behaviours and skills
Elaboration (4) | ACHEK030 | Content Descriptions | Year 8 | Economics and Business | Humanities and Social Sciences | F-10 curriculum
Elaboration (4) ACHEK017
investigating the role and interactions of consumers and producers in the market (for example, using a simple circular flow of income model, demand, supply, price mechanism)
Elaboration (4) | ACHEK017 | Content Descriptions | Year 7 | Economics and Business | Humanities and Social Sciences | F-10 curriculum
Elaboration (4) ACHEK038
identifying examples of global events that impact on economic activity (for example, environmental, financial, economic, political, technological, social, cultural, sporting events)
Elaboration (4) | ACHEK038 | Content Descriptions | Year 9 | Economics and Business | Humanities and Social Sciences | F-10 curriculum
Elaboration (2) ACHEK020
investigating alternative sources of income such as through owning a business, being a shareholder, providing a rental service
Elaboration (2) | ACHEK020 | Content Descriptions | Year 7 | Economics and Business | Humanities and Social Sciences | F-10 curriculum
Elaboration (4) ACHEK051
investigating the ways in which income and wealth are distributed in the economy, using measures such as an income distribution histogram, the Lorenz curve or the Gini coefficient
Elaboration (4) | ACHEK051 | Content Descriptions | Year 10 | Economics and Business | Humanities and Social Sciences | F-10 curriculum
Elaboration (2) ACHES037
using economics and business terms and concepts such as interdependence, market economy, market system, price setting, outsourcing, business ownership, rights and responsibilities
Elaboration (2) | ACHES037 | Content Descriptions | Year 8 | Economics and Business | Humanities and Social Sciences | F-10 curriculum
Elaboration (2) ACHES048
using economics and business terms and concepts such as interdependence, trade, comparative advantage, globalisation, supply chain, insurance, savings buffer, intrapreneur, competitive advantage, costs, benefits
Elaboration (2) | ACHES048 | Content Descriptions | Year 9 | Economics and Business | Humanities and Social Sciences | F-10 curriculum
Elaboration (4) ACHEK040
identifying ways consumers can protect themselves from risks (for example, through setting financial goals, insurances, savings, investments, diversification, scam avoidance and superannuation)
Elaboration (4) | ACHEK040 | Content Descriptions | Year 9 | Economics and Business | Humanities and Social Sciences | F-10 curriculum
Elaboration (2) ACHES036
demonstrating an understanding of their rights as consumers when buying an item or returning it to the store
Elaboration (2) | ACHES036 | Content Descriptions | Year 8 | Economics and Business | Humanities and Social Sciences | F-10 curriculum
Elaboration (2) ACHEK040
investigating different types of investment that enable people to accumulate savings for the future (for example, shares, term deposits, managed funds)
Elaboration (2) | ACHEK040 | Content Descriptions | Year 9 | Economics and Business | Humanities and Social Sciences | F-10 curriculum
Elaboration (2) ACHEK052
investigating how Australia supports economic growth in the Asia region through participating in the Asia-Pacific Economic Cooperation (APEC) forum
Elaboration (2) | ACHEK052 | Content Descriptions | Year 10 | 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) ACHEK017
exploring why businesses might set a certain price for a product (for example, because that’s what they think consumers will pay) and how they might adjust the price according to demand
Elaboration (2) | ACHEK017 | Content Descriptions | Year 7 | 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
Elaboration (4) ACHEK054
identifying ethical and unethical workplace practices and investigating the impact of these practices on individuals
Elaboration (4) | ACHEK054 | Content Descriptions | Year 10 | Economics and Business | Humanities and Social Sciences | F-10 curriculum
Elaboration (2) ACHES026
discussing the consequences of an economic or business decision, and reflecting on the effect of alternative actions
Elaboration (2) | ACHES026 | Content Descriptions | Year 7 | Economics and Business | Humanities and Social Sciences | F-10 curriculum
Elaboration (2) ACHES043
generating ideas about possible class or school projects and collaboratively developing a plan to guide the project
Elaboration (2) | ACHES043 | Content Descriptions | Year 9 | Economics and Business | Humanities and Social Sciences | F-10 curriculum
Elaboration (2) ACHES044
explaining assumptions or missing information in sources that may affect the reliability of an opinion about the issue
Elaboration (2) | ACHES044 | Content Descriptions | Year 9 | Economics and Business | Humanities and Social Sciences | F-10 curriculum
Elaboration (2) ACHEK051
investigating economic performance and living standards and discussing how they can mean different things to different people and countries
Elaboration (2) | ACHEK051 | Content Descriptions | Year 10 | Economics and Business | Humanities and Social Sciences | F-10 curriculum
Elaboration (2) ACHES059
using appropriate indicators of economic performance to explain variations across economies
Elaboration (2) | ACHES059 | Content Descriptions | Year 10 | Economics and Business | Humanities and Social Sciences | F-10 curriculum