Economics and business / Year 8 / Economics and Business Knowledge and Understanding

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

The rights and responsibilities of consumers and businesses in Australia in terms of financial and economic decision-making (ACHEK029)

Elaborations
  • distinguishing the difference between rights and responsibilities and creating a list of the rights and responsibilities of consumers and businesses
  • investigating the ways the rights of consumers are protected through the law (for example, warranties, cooling off periods)
  • identifying examples of how businesses are required by government to protect the safety of consumers (for example, mandatory and voluntary standards, product safety recalls)
  • discussing different financial and economic decisions that consumers and businesses make
General capabilities
  • Personal and social capability Personal and social capability
  • Ethical understanding Ethical understanding
ScOT terms

Commercial law

Video

Prawn Farming

This is a short clip in which Gold Coast prawn farner, Nick Moore, describes the prawn farming industry, the business he manages, and the high standards of the Australian industry. Nick, explains why this business is more like agricultural farming than fishing and how his qualifications and experience more closely match ...

Online

IP in everyday life

This is an interactive resource about products that exist in everyday life that have protected intellectual property. The resource is presented as a timeline of one day, beginning at breakfast in the morning through until night. Interactive images appear as the mouse scrolls across the timeline. These images are linked ...

Online

MoneySmart: Light up the globe!

This unit of work will help students make an informed choice on which light globe to use from the wide range of light globes now available. Their choice will be based on cost, value for money, life span of globe, light output and energy used. Students will also gain an understanding of how light output and electricity (energy) ...