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

Curriculum content descriptions

Apply economics and business knowledge, skills and concepts in familiar, new and hypothetical situations (ACHES047)

Elaborations
  • applying enterprising behaviours to class and everyday activities (for example, by taking on a leadership role in a project, establishing goals that are meaningful and realistic, accepting responsibility)
  • applying different strategies for mitigating risks, such as using procedures for safe and secure online banking and shopping (for example, checking bank/credit card statements; using credible, secure websites)
General capabilities
  • Critical and creative thinking Critical and creative thinking
ScOT terms

Enterprise (Behaviour)

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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.

Text

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 ...