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 | Achievement Standards | Year 7 | 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

ACHEK018

Why and how individuals and businesses plan to achieve short-term and long-term personal, organisational and financial objectives

Elaborations ScOT Terms

ACHEK018 | Content Descriptions | Year 7 | Economics and Business | Humanities and Social Sciences | F-10 curriculum

ACHEK053

Factors that influence major consumer and financial decisions and the short- and long-term consequences of these decisions

Elaborations ScOT Terms

ACHEK053 | Content Descriptions | Year 10 | Economics and Business | Humanities and Social Sciences | F-10 curriculum

Elaboration (1) ACHEK018

explaining the need for setting short- and long-term personal financial objectives and prioritising personal financial responsibilities and needs over wants

Elaboration (1) | ACHEK018 | Content Descriptions | Year 7 | Economics and Business | Humanities and Social Sciences | F-10 curriculum

Elaboration ACHES059

evaluating different types of loans to estimate the short- and long-term financial implications of each

Elaboration | ACHES059 | Content Descriptions | Year 10 | Economics and Business | Humanities and Social Sciences | F-10 curriculum

Elaboration ACHEK018

identifying ways short- and long-term personal financial objectives can be achieved, for example through developing a budget and having a savings plan

Elaboration | ACHEK018 | Content Descriptions | Year 7 | Economics and Business | Humanities and Social Sciences | F-10 curriculum

Elaboration (3) ACHEK018

exploring ways that businesses manage finances and plan in the short- and long-term to achieve organisational and financial objectives (for example, by developing a business plan or borrowing to invest in the business)

Elaboration (3) | ACHEK018 | Content Descriptions | Year 7 | Economics and Business | Humanities and Social Sciences | F-10 curriculum

Elaboration ACHES058

deciding on a potential major purchase (for example, a car, investigating options, calculating the costs of different purchasing methods and estimating the long-term costs and benefits of owning the asset and repaying the debt)

Elaboration | ACHES058 | Content Descriptions | Year 10 | Economics and Business | Humanities and Social Sciences | F-10 curriculum