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Humanities and social sciences / Year 5 / Knowledge and Understanding / Economics and business

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Australian Curriculum, Assessment and Reporting Authority

Curriculum content descriptions

Types of resources (natural, human, capital) and the ways societies use them to satisfy the needs and wants of present and future generations (ACHASSK120)

Elaborations

categorising resources as natural (water, coal, wheat), human (workers, business owners, designing, making, thinking) and capital (tools, machines, technologies)
brainstorming resources that a local community might use
identifying and categorising the factors of production used in the production of goods and services that satisfy the needs and wants of a local community
listing the needs and wants of a local community and exploring the ways resources are currently used to meet these needs and wants and how resources might be used more sustainably to meet these needs and wants into the future
exploring how Aboriginal and Torres Strait Islander Peoples traditional and contemporary use of resources reflects their spiritual connections to the land, sea, sky and waterways

General capabilities

Critical and creative thinking
Ethical understanding

ScOT terms

Futures education, Capital (Finance), Resources

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TLF-IDA002444

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TLF-IDA003639

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