Economics and business / Year 7 / Economics and Business Knowledge and Understanding

View on Australian Curriculum website Australian Curriculum, Assessment and Reporting Authority
Curriculum content descriptions

The ways consumers and producers interact and respond to each other in the market  (ACHEK017)

Elaborations
  • investigating how consumers rely on businesses to meet their needs and wants
  • examining how businesses respond to the demands of consumers (for example, preference for healthy options, environmentally friendly packaging or organic food)
  • 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
  • considering how consumers might influence producers in other countries, such as those in the Asia region, to provide goods and services
  • 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)
General capabilities
  • Critical and creative thinking Critical and creative thinking
  • Personal and social capability Personal and social capability
  • Ethical understanding Ethical understanding
ScOT terms

Supply and demand,  Pricing

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Choice: nutrition

This is a web page providing reviews of various food products and supplements in terms of nutrition, covering frozen yoghurt, supermarket diet foods and fast food including vegetarian fast food. It also looks at omega-3 supplements, probiotics, protein supplements and beneficial foods - blueberries, fish, ginger and chilli, ...

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Choice: food warnings and safety

This is a web page providing reviews of various food products, packaging and production in terms of food safety including food hygiene, genetically modified food, pesticides and food additives. It covers Bisphenol A (BPA) in canned foods, pesticides in vegetables, plastic and plasticiser contamination in food, food additives ...

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Get Shucked Oysters

This is a short clip about a Tasmanian oyster farmer producing and serving farm-fresh oysters on site on Bruny Island. In this clip, oyster farmer and business owner, Joe Bennett, describes how he established his business from very small beginnings and has grown it to satisfy consumer demand. Watch to find out how this ...

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Choice: groceries

This is a web page providing reviews of various grocery products and results of taste comparison tests. It covers sausages, bread, liquid breakfasts, breakfast cereals, Christmas puddings, cake mix, frozen fish and salad dressing as well as looking at Stevia sugar substitute and the major steps beef goes through from the ...

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Free Range Chicken Farming Yarra Farm New South Wales

This is a video about egg producer Jenny Brown and how she produces and sells truly free-range eggs. It shows scenes of her property 'Yarra Farm' as she tells of her several hundred Isa Brown chickens producing 85 dozen eggs weekly; her career change from being a police officer; and marketing her eggs through local farmers' ...

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Choice: drinks

This is a web page providing reviews of beverages, the results of a taste test of different coffee products, a comparison between supermarket brand milks and branded products and an investigation of drink bottle recycling. It covers bottled water, milk, coffee capsules, smoothies and frappes, coconut water, milk alternatives ...

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Carey Bros Queensland

This is a video about the operation of the Carey Brothers meat production business. Introduced by Greg Carey, the video shows beef cattle at the company's abattoir as he lists the numbers of cattle, lambs and pigs processed in a typical week and the numbers of staff employed at the plant. He praises the resilience of the ...

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Bees and Berries a great combination

This is a video about part-time farmer Jeff Kynaston and how he produces and sells berry and honey products. It shows scenes of his work as he tells of his satisfaction in growing boysenberries, raspberries and blackberries; picking the berries only when they are fully ripe; selling them within two days of harvest at farmers' ...

Teacher resource

The Farm Game

This is a resource about the relationship between consumers and producers in the market. It is presented as a teacher guide and includes learning outcomes, a description, setting the scene information and a work task. The work task involves an investigation of different types of farmers and primary producers and a whole ...

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Finding farms: producer video

This is a video about how lobsters are harvested and processed in South Australia for live export to China. In the first part of the video, Mark Denton, a professional rock lobster fisherman describes how the sustainability of the lobster fishery is ensured; compares and contrasts his work with farming any other form of ...

Teacher resource

Learn About Wool: Years 7 - 8

This website provides the ideal opportunity for students to explore how wool is produced in carefully-managed environments to ensure a balance between production and long-term environmental sustainability. Year 7 students will find plenty of examples of how the Australian wool industry responds to consumer needs and demands, ...

Teacher resource

Australia's wheat exports to Asia

This learning activity consists of a series of online resources supporting students to engage, explore and reflect on Australia's wheat industry and its connections to countries of the Asia region. Students analyse data and information to identify how the Australian wheat industry has responded to the demands of the Japanese ...

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Gilmore Braes Heritage Beef: creating a 'niche market' farming ancient breeds of cattle

This is a video about how Batlow farmers Ian and Mandy McCorkindale produce and market meat from Scottish Highland and Welsh Black cattle. It shows scenes of the cattle on the farm and meat being prepared in the butchery as Ian McCorkindale describes the process, value and rewards of marketing their beef directly to the ...

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ACMF: Location of farms and processing plants

This resource is a web page providing information about the location of chicken meat farms and processing plants in Australia. It includes a map of the major chicken meat producing regions of Australia and a table and pie charts showing the distribution of chicken meat production across the six states. The resource describes ...

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ACMF: Introduction and statistics video

This resource is a web page providing a video overview of the chicken meat industry, including consumption patterns over past decades and a wide range of facts and figures on the industry. Topics covered include a comparison of meat and egg chicken breeds, the reasons the average Australian is consuming much more chicken ...

Teacher resource

Growing Exotic Fruit - a niche farming enterprise

This unit of work uses the operation of an small agribusiness to explore what it means to be a producer in a small scale business. The unit focuses on the operation of a real-life, exotic fruit farm in northern New South Wales from which fruits are sold to local markets. The units provides five inquiry-based activities ...

Dataset

ACMF: Industry facts and figures

This resource is a web page providing data on the Australian chicken meat industry in the form of dynamically generated graphs that allow the user to read the exact figures for any data point. The graphs include chicken meat production in terms of number of birds and tonnage of meat; per capita consumption of chicken, beef, ...

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Rugby Farms – Horticulture and changes in farming practice

This is a video about farmer and business man Matt Hood and how he, his father and brother operate Rugby Farm, a vegetable production agribusiness. It shows scenes of the business past and present as he tells of the many generations who have worked the farm, the 12,000 acres of vegetables grown each year, and the exciting ...

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Fairtrade coffee campaign

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 ...

Teacher resource

Consumer and financial literacy professional learning module for teachers

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 ...

Teacher resource

How much is that?

This learning activity consists of a series of online resources supporting students to engage, explore and reflect on the prices of some everyday foods sold in Australia and countries of the Asia region. Students analyse data and information to compare and contrast the pricing of a range of common food items in Australia ...