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

Teacher resource

Australian inventions timeline

This is a resource that uses the topic of Australian inventions and innovations to explore trade marks, patents and registered design. The resource includes learning activities that examine significant Australian inventions and innovations, the impact that these inventions and innovations have had on the development of ...

Teacher resource

Investigating air

This is a resource that uses the topic of air to explore intellectual property, in particular patents. The resource includes: exploration into the properties of air; opportunity to devise and carry out experiments involving air; and the ability to claim mock credit for a discovery or invention by taking out a pretend patent. ...

Moving Image

MoneySmart: case studies

This is a collection of four teacher professional development videos providing case studies of financial literacy and enterprise programs in five schools. The schools vary in size, type and student population. One is a secondary college, three are primary schools and the fifth is a special school. The videos show their ...

Teacher resource

MoneySmart: money management kit

This is a kit about financial and consumer literacy for use by those who work with people with English as an additional language of dialect (EALD) recently arrived in Australia. It contains detailed programs of adult instruction, factsheets, audio stories, and videos for 10 topics: household budgets, saving money, paying ...

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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 ...

Teacher resource

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 ...

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MoneySmart: professional learning

This is a collection of ten teacher professional development videos about how children and young people deal with consumer, business and finance issues and why financial literacy programs in schools are important. One video in the series presents telling statistics on the financial transactions of 10 to 24 year olds. Three ...

Teacher resource

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) ...

Interactive Resource

MoneySmart: consumer rights - mobile phones

This is a role-play activity about making choices to buy a mobile phone and seek consumer redress when the phone fails to meet stated expectations. The character's first independent choice is the colour of the phone. Then she is given choices about what to do when the phone in the box is the wrong colour and when she can't ...

Teacher resource

Where are clothes manufactured?

This learning activity consists of a series of online resources supporting students to engage, explore and reflect on the ways people work and how businesses use outsourced labour to manufacture clothing and shoes in the economies of Asia. Students analyse data and information to identify why Australian businesses outsource ...

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 ...