Economics and business / Year 9 / Economics and Business Knowledge and Understanding

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

Australia as a trading nation and its place within the rising economies of Asia and broader global economy  (ACHEK038)

Elaborations
  • identifying participants in the open Australian economy including household, business, finance, government and foreign sectors
  • explaining the objectives of the Australian economy to satisfy needs and wants through the production and distribution of goods and services
  • identifying Australia‚Äôs major trading partners in the Asia region and the items of trade
  • explaining the impact of global events on the Australian economy and its trade and investment relations with other countries (for example, a natural disaster in a country of the Asia region)
  • identifying examples of global events that impact on economic activity (for example, environmental, financial, economic, political, technological, social, cultural, sporting events)
General capabilities
  • Intercultural understanding Intercultural understanding
Cross-curriculum priorities
ScOT terms

International trade,  Globalisation,  Regional trade,  Domestic markets

Teacher resource

Trade statistics

This learning activity consists of a series of online resources supporting students to engage, explore and reflect on Australia's interdependence with economies in the Asia region. Students analyse data and information to identify Australia's major trading partners for food and fibre items. The activities provide students ...

Teacher resource

Trade and Investment at a Glance

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 ...

Teacher resource

Australia's Trade through Time

Using an interactive timeline created by the Department of Foreign Affairs and Trade, this Teacher guide provides 12 series of learning experiences that engage students in the analysis and interpretation of data about Australian trade from 1900 to the present day. Students study videos, tables, images and texts in order ...

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Fair Trade resource page

This is a wide-ranging set of resources about the fair trade initiatives of the world-wide development agency Oxfam. The resources include eight frequently asked questions about fair trade; an article entitled 'What’s wrong with world trade?'; a 7 min video and a poster tracing fair trade coffee from Papua New Guinea and ...

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Sustainable table: fishy business

This is a website about the key issues affecting the world seafood industry, with a particular focus on the development of a more sustainable one. There are sections on the current industry; 'more' and 'less' sustainable species; consumer behaviour; the key issues; suggestions to achieve a sustainable seafood industry; ...

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EnviroNorth: grazing in the tropical savannas

This is a multilayered website about cattle grazing in Australia's tropical savannas. It has a particular focus on the economic and sustainability aspects of the cattle industry. The five different sections of the resource provide detailed information about grazing in the tropical savannas; the industry outlook; the slaughter, ...