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Economics and business / Year 8 / Economics and Business Skills / Economic reasoning, decision-making and application

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

Apply economics and business knowledge, skills and concepts in familiar and new situations (ACHES036)

Elaborations
  • applying informed decision-making skills to familiar and new situations (for example, helping the family decide what products they need to purchase during the week)
  • applying enterprising behaviours to everyday activities (for example, by taking on a leadership role in a project, accepting responsibility for decisions made, or setting a goal for the week and developing a plan to achieve it)
  • demonstrating an understanding of their rights as consumers when buying an item or returning it to the store
General capabilities
  • Critical and creative thinking Critical and creative thinking
ScOT terms

Enterprise (Behaviour)

Interactive Resource

MoneySmart: Rookie: shopping for a mobile

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

Developing and Designing New Product Lines and Marketing Strategies

This is a unit of work about developing new market lines and strategies to sell a new or revamped product. It includes researching existing markets, target markets and other influences that affect the marketing of a new product. The resource has a teacher guide and a presentation that provides background information and ...

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Investigating key Australian approaches to producing cotton, timber and wool: producer video

This is a video about short wool sheep breeds and how their wool is used at the MiniJumbuck factory at Narracorte South Australia to make quilts, underlays and pillows. Sheep are seen on farms as merino sheep producer Thyne McGregor and Southdown breeder Dee Nolan discuss the strengths of each type of wool and how each ...

Interactive Resource

MoneySmart: MilbaDjunga - how can I start my own business?

The MilbaDjunga secondary unit 'How can I start my own business?' is an interactive online unit developed to support teachers of Aboriginal and Torres Strait Islander students to teach consumer and financial literacy. It leads students through a step-by-step process to start a small business and is accompanied by teacher ...

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CERES Environment Park

This is a video about the sustainable not-for-profit agribusiness operated by the Centre for Education and Research in Environmental Strategies (CERES) in inner Melbourne. CERES Environment Park runs an organic farm, fruit and vegetable delivery business, and delivers educational programs to schools. Presented by the CERES ...

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Grandvewe - Cheese Farm - cheese also comes from sheep!! Tasmania

This is a video about farmer and cheesemaker Diane Rae and how she and her children established a sheep dairy agribusiness. It shows scenes of Grandvewe farm and cheesery as she speaks of how they learnt to be sheep farmers; researched dairy sheep overseas; and changed production systems as a result of experience. She tells ...

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Rugby Farms – Horticulture and changes in farming practice

This is a video about farmer and business man Matt Hood and how he, his father and brother operate Rugby Farm, a vegetable production agribusiness. It shows scenes of the business past and present as he tells of the many generations who have worked the farm, the 12,000 acres of vegetables grown each year, and the exciting ...

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Mouat Farms - an Apple Orchard and much more. Batlow, New South Wales

This is a video about orchardist and jam-maker Kris Mouat and how she and her husband operate a fruit agribusiness. It shows scenes of their 'Wyola' property as she speaks of how she came to orcharding and now makes jam from fruits and berries, and how they operate a roadside shop and a pick-your-own-fruit facility. She ...

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What do authors do besides writing – they farm truffles?

This is a video about author and farmer SD Gentill and how she combines writing with growing black truffles. It consists of an interview in which she answers questions posed by Will, a young boy. To a background of scenes from her Snowy Mountains farm and a Brisbane restaurant she supplies, Gentill explains how truffles ...