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

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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’s 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

Cross-curriculum priorities

Asia and Australia's engagement with Asia

ScOT terms

International trade, Globalisation, Regional trade, Domestic markets

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