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Economics and business / Year 9 / Economics and Business Skills / Economic reasoning, decision-making and application

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

Generate a range of viable options in response to an economic or business issue or event, use cost-benefit analysis and appropriate criteria to recommend and justify a course of action and predict the potential consequences of the proposed action (ACHES046)

Elaborations
  • identifying and comparing possible alternatives to address a problem such as how to manage over-indebtedness
  • evaluating the costs and benefits of a range of alternatives such as strategies for a business seeking to remain competitive in the global market
  • using a range of criteria (social, economic, environmental) to select and justify a preferred option
General capabilities
  • Literacy Literacy
  • Numeracy Numeracy
  • Critical and creative thinking Critical and creative thinking
  • Ethical understanding Ethical understanding
ScOT terms

Causality,  Financial analysis,  Risk management

Teacher resource

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 Resource

MoneySmart: Rookie - credit and debt (educator guide)

This is a suite of resources about making smart financial decisions in six situations where a young person assumes full adult responsibility for the first time. These include buying a car, borrowing money, owning a mobile phone, moving out of home, shopping online, and managing their first job. Resources for each situation ...

Moving Image

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.  

Teacher resource

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 ...

Teacher resource

MoneySmart: smart consumers 4 a smart future

This compendium of six interactive activities focuses on being responsible consumers using a range of real life issues around sustainability. Students can engage with a range of learning opportunities that include: designing a debate, developing a pitch for a reality TV show, planning a meal within a set budget, and investigating ...

Teacher resource

The global car industry

This is a unit of work about how the car industry has become increasingly globalised. Intended for years 9 and 10 and written from a global education perspective, the resource consists of five single- or multi-lesson activities, titled: Our cars; Australian automotive industry; How are decisions about globalisation made?; ...