Economics and business / Year 8 / Economics and Business Skills / Communication and reflection

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Curriculum content descriptions

Present evidence-based conclusions using economics and business language and concepts in a range of appropriate formats, and reflect on the consequences of alternative actions (ACHES037)

Elaborations
  • constructing appropriate displays of information and data to show trends and relationships (for example, preparing a data show which includes visual displays including graphs and charts as well as text to present findings and conclusions)
  • developing different presentations for different audiences such as peers, businesses or the public, and for different purposes (for example, to persuade or inform)
  • using economics and business terms and concepts such as interdependence, market economy, market system, price setting, outsourcing, business ownership, rights and responsibilities
  • discussing and reflecting on the consequences of a proposed action, and those of the alternative actions
General capabilities
  • Literacy Literacy
  • Critical and creative thinking Critical and creative thinking
  • Ethical understanding Ethical understanding
ScOT terms

Data representation,  Causality,  Opportunity costs

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My Five Cents: What is opportunity cost?

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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.

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Module 2: Spending and Saving Money

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These two activities develop students’ financial decision-making skills with an emphasis on aligning their purchases to their values and using a payment method suitable to them.

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My Five Cents: Why borrowing can cost you more

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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.  

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Australia's Trade through Time

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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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Moving out of home

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This lesson explores costs and responsibilities associated with moving out of home and setting up living arrangements. The resource is part of a suite of lesson plans and activities from MoneySmart, designed to bring everyday financial topics into the classroom.

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My Five Cents: Why investing can be risky

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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.  

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