Economics and business / Year 10 / Economics and Business Knowledge and Understanding

Curriculum content descriptions

Indicators of economic performance and how Australia’s economy is performing (ACHEK050)

Elaborations
  • identifying indicators of economic performance such as economic growth rates, unemployment trends, inflation rates, sustainability indexes
  • investigating the performance of the Australian economy using key indicators and explaining fluctuations using phases of the business cycle
ScOT terms

Business cycles

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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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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 ...

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The Conversation: the state of the Australian economy

This article describes the state of the Australian economy, beyond the story of budget crisis. It is authored by an economics professor and is in plain language. The article provides links to a further collection of articles discussing the state of Australia from different political and social viewpoints.

Downloadable

Understanding Property Value: the keys to the market

This two-lesson unit introduces students to how property values are shaped by market forces, economic indicators and government regulation. Using South Australian property data, students analyse the factors that influence value and apply economic reasoning to estimate market value in a structured valuation task. Acting ...

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Investing

This lesson explores what investing is, different types of investments and their risks, how to invest safely and where to begin. The resource is part of a suite of lesson plans and activities from MoneySmart, designed to bring everyday financial topics into the classroom.

Video

How does income tax work?

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.