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

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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MoneySmart: money makes the world go around

This is a video animation about how money's increasing invisibility affects young people and why the teaching and learning of financial and consumer literacy is important. The video presents statistics on 12 to 24 year olds in debt; young people who rarely pay their credit card balance each month; 10 to 17 year olds who ...

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 ...

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MoneySmart: changing world of consumerism

This is a video in which finance and society experts Paul Clitheroe, Delia Rickard and Jane Caro discuss how changing patterns of consumer spending funded by borrowed money affect young people's lives and society's happiness. They point to young children's misconceptions about where money comes from, young people's use ...

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MoneySmart: case studies

This is a collection of four teacher professional development videos providing case studies of financial literacy and enterprise programs in five schools. The schools vary in size, type and student population. One is a secondary college, three are primary schools and the fifth is a special school. The videos show their ...

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MoneySmart: teens and consumer issues

This is a video in which secondary students recount their experiences with mobile phones. They explain why they chose a contract or a prepaid plan for their phone and the advantages and disadvantages of each; describe how they accrued excess charges by downloading too much data, or didn't get full value from their prepaid ...

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Investigating key Australian approaches to producing cotton, timber and wool: producer video

This is a video about short wool sheep breeds and how their wool is used at the MiniJumbuck factory at Narracorte South Australia to make quilts, underlays and pillows. Sheep are seen on farms as merino sheep producer Thyne McGregor and Southdown breeder Dee Nolan discuss the strengths of each type of wool and how each ...

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Grandvewe - Cheese Farm - cheese also comes from sheep!! Tasmania

This is a video about farmer and cheesemaker Diane Rae and how she and her children established a sheep dairy agribusiness. It shows scenes of Grandvewe farm and cheesery as she speaks of how they learnt to be sheep farmers; researched dairy sheep overseas; and changed production systems as a result of experience. She tells ...

Interactive Resource

MoneySmart: MilbaDjunga - secondary unit

The MilbaDjunga secondary unit 'How can I start my own business?' is an interactive online unit developed to support teachers of Aboriginal and Torres Strait Islander students to teach consumer and financial literacy. It leads students through a step-by-step process to start a small business and is accompanied by teacher ...

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CERES Environment Park

This is a video about the sustainable not-for-profit agribusiness operated by the Centre for Education and Research in Environmental Strategies (CERES) in inner Melbourne. CERES Environment Park runs an organic farm, fruit and vegetable delivery business, and delivers educational programs to schools. Presented by the CERES ...

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Mouat Farms - an Apple Orchard and much more. Batlow, New South Wales

This is a video about orchardist and jam-maker Kris Mouat and how she and her husband operate a fruit agribusiness. It shows scenes of their 'Wyola' property as she speaks of how she came to orcharding and now makes jam from fruits and berries, and how they operate a roadside shop and a pick-your-own-fruit facility. She ...