Economics and business / Year 10 / 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 (ACHES059)

Elaborations
  • evaluating different types of loans to estimate the short- and long-term financial implications of each
  • applying enterprising behaviours to a class or independent activity (for example, by showing initiative and leadership, establishing goals that are meaningful and realistic, accepting responsibility)
  • using appropriate indicators of economic performance to explain variations across economies
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.

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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 ...