Economics and business / Year 10 / 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 (ACHES058)

Elaborations
  • deciding on a potential major purchase (for example, a car, investigating options, calculating the costs of different purchasing methods and estimating the long-term costs and benefits of owning the asset and repaying the debt)
  • examining the trade-offs businesses may need to consider when determining methods to improve their productivity (for example, employing more staff compared with upskilling existing staff)
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

Teacher resource

MoneySmart: Reaching goals: What's involved?

This unit of work students learn about financial planning through the characters Cathy and Dinuka who are Year 10 students planning to go on a holiday together at the end of Year 12. Students learn about goal setting, saving, borrowing, investing, working with compound interest, good and bad credit, depreciation and inflation.

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 ...

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

From Citrus to almonds

This is a unit of work about the Australian almond industry. It contains a inquiry sequence that includes: background on the almond industry, a short case study of an Australian almond orchard that has transitioned from citrus to almonds; an data analysis activity exploring the growth of the Australian almond industry and ...