Humanities and social sciences / Year 5 / Knowledge and Understanding / Economics and business

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Curriculum content descriptions

Influences on consumer choices and methods that can be used to help make informed personal consumer and financial choices (ACHASSK121)

Elaborations
  • identifying goods they have purchased and categorising and explaining factors that influence consumer purchasing decisions (for example, personal preferences, social trends, economic factors such as budgets and the amount of money available to spend; psychological factors such as advertising and peer pressure; cultural, environmental, legal and ethical factors)
  • comparing the influence of a variety of selling and advertising strategies used by businesses on consumer choices (for example, the influence of television and internet advertising compared to email promotions)
  • recognising that financial transactions can include the use of notes, coins, credit and debit cards, and barter items; explaining the advantages and disadvantages of the different transaction types; and considering how these may influence the way people purchase items
  • exploring the strategies that can be used when making consumer and financial decisions (for example, finding more information, comparing prices, keeping a record of money spent, saving for the future)
General capabilities
  • Numeracy Numeracy
  • Critical and creative thinking Critical and creative thinking
  • Personal and social capability Personal and social capability
  • Ethical understanding Ethical understanding
ScOT terms

Personal finance,  Consumer sovereignty

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6 direct matches to ACHASSK121

Teacher resource

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This is a teacher resource containing items relevant to planning lessons and teaching primary students about food and fibre production. It contains a program overview, an Agricultural Resources Links document providing links to useful external sites and resources, and eight study units - each containing a program outline ...

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Teacher resource

MoneySmart: Hey! Let's have a big day out!

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This is a year 5 mathematics unit of work about costing and budgeting for various types of family outings. The unit is intended to take about 7.5 hours of teaching and learning time, and is recommended for near the end of the school year. It consists of an introduction, five sets of student activities, and teacher notes ...

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Teacher resource

Types of farms in NSW - unit 3

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This is a teacher resource that contains items for planning lessons and teaching about farms with a particular emphasis on the location, climate, features and food production of New South Wales farms. This resource contains a simple program outline and supporting documents that can be downloaded or printed, including a ...

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Interactive Resource

MoneySmart: calls, messaging and browsing

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This is an activity about managing a prepaid mobile phone plan. It contains six sliders allowing users to estimate the number of contacts they have on the same network, and adjust the number of calls, SMS messages and voicemails they make, websites they visit, and apps, games, videos and so on that they download or upload. ...

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Teacher resource

Needs verses Wants - Making Choices

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This is a resource about consumer choices and the difference between needs and wants. It is presented as a teacher guide with learning activities that include making decisions about purchasing items based on available resources and defining and identifying needs and wants. The resource includes: learning outcomes; a description; ...

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Teacher resource

MoneySmart: Never too young to be MoneySmart with clothes

  • TLF-IDM020864

In ASIC's MoneySmart Teaching Never too young to be MoneySmart with clothes students will investigate the influences on 10 to 12 year old consumers when selecting clothes and accessories. Students will share stories about their choice of clothes and accessories and what influences them when making purchases. They will collect ...

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Moving Image

Fairtrade coffee campaign

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This resource contains a video and information about coffee production in Papua New Guinea, and the importance of the Fairtrade system for the farmers and communities where the coffee is grown. It shows the journey of organic, Fairtrade coffee from the farms in Papua New Guinea to Australia's coffee shops. It also shows ...

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Teacher resource

Consumer and financial literacy professional learning module for teachers

  • TLF-IDM007695

This professional learning module provides up-to-date content and support in consumer and financial literacy for educators working within Australian primary and secondary schools. Part 1 presents information about consumer and financial literacy in the education landscape. Part 2 provides examples of how schools are incorporating ...

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