Economics and business / Year 10 / Economics and Business Skills / Communication and reflection

Curriculum content descriptions

Present reasoned arguments and evidence-based conclusions in a range of appropriate formats using economics and business conventions, language and concepts (ACHES060)

Elaborations
  • using economics and business terms and concepts such as indicators, economic performance, business cycle, organisational structure, workforce management, interest rates
  • communicating findings of the investigation in appropriate formats (for example, web pages, financial statements, spreadsheets, graphs and reports)
  • developing texts for different audiences such as peers, businesses, the public, a business manager/entrepreneur, and for different purposes (for example, to persuade or inform)
General capabilities
  • Literacy Literacy
  • Critical and creative thinking Critical and creative thinking
ScOT terms

Data representation,  Business and enterprise

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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 ...

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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 ...

Video

Thinkabout, talkabout: rations and coupon shopping

This 1973 video discusses shopping in Australia during World War II. Students hear how people in the 1940s had to live with restrictions on how much they could buy (rationing). They learn how rationing was an attempt to make the distribution of necessary goods, such as food and clothing, equal for everybody.

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How does income tax work?

Gen Fricker makes income tax interesting! Learn about income tax - what it is, how it works and when you have to pay it. Easy-peasy! Then test yourself with ASIC Moneysmart's "Things to think about" classroom exercises.

Video

My Five Cents: What is compound interest?

Compound interest will be one of the most important things you ever learn. Don't believe it? Gen Fricker will explain why. Learn how compound interest works, and why saving now can help you later. Game changer! Then test yourself with ASIC MoneySmart's "Things to think about" classroom exercises.

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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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My Five Cents: Why borrowing can cost you more

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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Pipe dreams, 2007: O'Connor's dream for water

This clip is an excerpt from the 2007 film 'Pipe dreams' (55 min), the second episode of a three-part series entitled 'Constructing Australia'. Over black-and-white photographs and dramatised video of the key players, a narrator describes the significant challenges of supplying water to the WA goldfields in the late 19th ...

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Investing

This lesson explores what investing is, different types of investments and their risks, how to invest safely and where to begin. 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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Understanding compound interest

This lesson explores compound interest and challenges students to consider why saving now can help them later. The resource is part of a suite of lesson plans and activities from MoneySmart, designed to bring everyday financial topics into the classroom.

Downloadable

Understanding Property Value: the keys to the market

This two-lesson unit introduces students to how property values are shaped by market forces, economic indicators and government regulation. Using South Australian property data, students analyse the factors that influence value and apply economic reasoning to estimate market value in a structured valuation task. Acting ...

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My Five Cents: 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.  

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Module 3: Making Money Work

These two activities provide students with practical opportunities to research award wages and practise raising and resolving problems at work.

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The Conversation: the state of the Australian economy

This article describes the state of the Australian economy, beyond the story of budget crisis. It is authored by an economics professor and is in plain language. The article provides links to a further collection of articles discussing the state of Australia from different political and social viewpoints.

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Coal crossword

Test your knowledge of coal. This is a crossword puzzle with clues related to the formation, mining and uses of coal.

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Fruitcake mining

This is an activity sheet providing instructions for a simulated mining experiment using pieces of fruitcake. Students use various tools to remove different fruits, each representing different minerals, from a piece of fruitcake which represents the mine site. They are then required to rehabilitate the 'mine site'. The ...