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

Curriculum content descriptions

Factors that influence major consumer and financial decisions and the short- and long-term consequences of these decisions (ACHEK053)

Elaborations
  • identifying and explaining factors that influence major consumer decisions (for example, price, availability and cost of finance, marketing of products, age and gender of consumer, convenience, ethical and environmental considerations)
  • evaluating the outcomes of buying (for example, a car, using criteria such as the effect of loan repayments on disposable income, depreciation, maintenance and insurance costs compared with the benefits of independence, convenience and social status)
  • identifying the difference between minor and major consumer and financial decisions and listing examples of each
General capabilities
  • Personal and social capability Personal and social capability
  • Ethical understanding Ethical understanding
ScOT terms

Causality,  Supply and demand

Video

My Five Cents: Why investing can be risky

Planning to get rich quick by investing one day? Before you jump in, let Gen Fricker explain some of the risks involved with different types of investments. Then test yourself with ASIC MoneySmart's "Things to think about" classroom exercises.  

Video

My Five Cents: Why borrowing can cost you more

Think credit cards are basically free money? Gen Fricker will make you think again. Learn how interest rates and fees affect the money you borrow, and why they may be more expensive in the long run. Oh dear! Then test yourself with ASIC MoneySmart's "Things to think about" classroom exercises.  

Video

My Five Cents: What is compound interest?

Compound interest will be one of the most important things you ever learn. Don't believe it? Gen Fricker will explain why. Learn how compound interest works, and why saving now can help you later. Game changer! Then test yourself with ASIC MoneySmart's "Things to think about" classroom exercises.

Video

My Five Cents: What is opportunity cost?

What is the true cost of buying something? Gen Fricker explains that it's more than just money. Learn about opportunity cost - what it is, why it's a helpful tool and when to use it. Simple! Then test yourself with ASIC MoneySmart's "Things to think about" classroom exercises.  

Online

MoneySmart: Reaching goals: What's involved?

This unit of work students learn about financial planning through the characters Cathy and Dinuka who are Year 10 students planning to go on a holiday together at the end of Year 12. Students learn about goal setting, saving, borrowing, investing, working with compound interest, good and bad credit, depreciation and inflation.

Text

Work sample Year 10 Economics and Business: Business improvement processes

This work sample demonstrates evidence of student learning in relation to aspects of the achievement standards for Year 10 Economics and Business. The primary purpose for the work sample is to demonstrate the standard, so the focus is on what is evident in the sample not how it was created. The sample is an authentic representation ...

Online

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 ...

Online

Sustainable agriculture: agri-environmental indicators

This is a web resource that provides a database of agri-environmental indicators for environmental performance of agriculture in OECD countries between 1990 and 2008. The data table can be customised, with options to view by country or by theme: land, energy, air, nutrients, soil, biodiversity, pesticides, water, farm management ...

Interactive

Save our catchment – virtual excursion

This virtual excursion offers twelve video lessons that form a sample investigation of pest species invading Australian riparian zones. Filmed on Bundjalung Country, the excursion traverses mid north coast NSW Upper Clarence River Catchment, connecting each video to companion classroom and field learning tasks. The invasive, ...

Interactive

IEA Key World Energy Statistics - iTunes app

Explore global energy statistics including data on the production, supply, consumption and prices of the major energy sources. Select specific countries, energy sources and indicators, and view data in tables and graphs. Includes also energy forecast data and historical comparison, and a comprehensive glossary. Free when ...

Video

Foreign Correspondent: Damming the free and mighty Mekong

The Mekong has been a rare thing: a largely untouched and free-flowing river. Stretching for nearly 5,000 km from the mountains of Tibet to Vietnam's Mekong Delta, it has provided a way of life for millions of people and been an important trading route between south-western China and south-eastern Asia. In this clip from ...

Online

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 ...

Interactive

IEA Key World Energy Statistics - Google Play app

Explore global energy statistics including data on the production, supply, consumption and prices of the major energy sources. Select specific countries, energy sources and indicators, and view data in tables and graphs. Includes also energy forecast data and historical comparison, and a comprehensive glossary. Free when ...

Video

Carey Bros Queensland

This is a video about the operation of the Carey Brothers meat production business. Introduced by Greg Carey, the video shows beef cattle at the company's abattoir as he lists the numbers of cattle, lambs and pigs processed in a typical week and the numbers of staff employed at the plant. He praises the resilience of the ...

Online

Navigating primary industries into the 21st century

This is a teacher resource containing a sequence of lessons for investigating farming and crop yields in Australia. It contains material to assist planning, implementing and assessing a study of the environmental, economic and technological factors that influence crop yields, and the role of geographical data systems and ...

Interactive

Water use and efficiency – sustainability action process (Years 7–10)

This resource guides students through an extended school-based or local investigation focussed on water use and efficiency using the five step sustainability action process. The resource supports the investigation of a real-world issue or problem. Students develop and implement a chosen sustainability action and then evaluate ...

Interactive

Waste and materials – sustainability action process (Years 7–10)

This resource guides students through an extended school-based or local investigation focussed on waste and materials using the five-step sustainability action process. The resource supports the investigation of a real-world issue or problem. Students develop and implement a chosen sustainability action and then evaluate ...

Interactive

Kitchen gardens – sustainability action process (Years 7–10)

This resource guides students through an extended school-based or local investigation focussed on kitchen gardens using the five-step sustainability action process. The resource supports the investigation of a real-world issue or problem. Students develop and implement a chosen sustainability action and then evaluate and ...

Online

From Citrus to almonds

This is a unit of work about the Australian almond industry. It contains a inquiry sequence that includes: background on the almond industry, a short case study of an Australian almond orchard that has transitioned from citrus to almonds; an data analysis activity exploring the growth of the Australian almond industry and ...

Online

Recent evapotranspiration

This resource is a Bureau of Meteorology (BOM) web page with a map of Australia showing daily reference evapotranspiration and also tables of daily transpiration for each Australian state and the Northern Territory. Monthly data is available via the location links in the tables for each state.