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

Version 8

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
Numeracy
Critical and creative thinking
Ethical understanding

ScOT terms

Causality, Financial analysis, Risk management

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