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

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Curriculum content descriptions

Why individuals work, types of work and how people derive an income (ACHEK020)

Elaborations
  • investigating the contribution that work can make to an individual (for example, earning an income, contributing to an individual’s self-esteem, contributing to the community, material and non-material living standards and happiness)
  • exploring different types of work such as full-time, part-time, casual, at home, paid, unpaid, unrecognised, volunteer
  • investigating alternative sources of income such as through owning a business, being a shareholder, providing a rental service
  • discussing the ways people who have retired from employment earn an income (for example, age pension, superannuation and private savings)
General capabilities
  • Critical and creative thinking Critical and creative thinking
ScOT terms

Work (Labour),  Income

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1 direct match to ACHEK020 | 4 other related resources

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How does income tax work?

  • TLF-IDM025251

Gen Fricker makes income tax interesting! Learn about income tax - what it is, how it works and when you have to pay it. Easy-peasy! Then test yourself with ASIC Moneysmart's "Things to think about" classroom exercises.

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My Five Cents: What is opportunity cost?

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What is the true cost of buying something? Gen Fricker explains that it's more than just money. Learn about opportunity cost - what it is, why it's a helpful tool and when to use it. Simple! Then test yourself with ASIC MoneySmart's "Things to think about" classroom exercises.

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Pipe dreams, 2007: O'Connor's dream for water

  • TLF-IDM008348

This clip is an excerpt from the 2007 film 'Pipe dreams' (55 min), the second episode of a three-part series entitled 'Constructing Australia'. Over black-and-white photographs and dramatised video of the key players, a narrator describes the significant challenges of supplying water to the WA goldfields in the late 19th ...

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Text

Trade and Investment at a Glance

  • TLF-IDM025125

Using an illustrated report from the Department of Foreign Affairs and Trade, this Teacher guide provides ten learning sequences that engage students in the analysis and interpretation of data about Australian imports and exports. Students: identify Australia's major exports and imports; investigate international trade ...

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