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

Interactive Resource

MoneySmart: Rookie for educators

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 ...

Interactive Resource

MoneySmart tool and resources

This is a collection of 30 financial tools to help manage personal finances and make better financial decisions. The tools are grouped in four categories: managing my money; borrowing and credit; superannuation; and retirement. The tools comprise calculators, planners, money and mortgage health checks, apps and an online ...

Teacher resource

MoneySmart: Teaching resources for secondary schools

This is a suite of financial literacy education resources for teacher and parent use, developed by the Australian Securities and Investments Commission (ASIC). MoneySmart Teaching Year 7 to Year 10 secondary school resources are aligned to the Australian Curriculum and the National Consumer and Financial Literacy Framework. ...

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?; ...

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 ...