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Economics and business / Year 10 / Economics and Business Knowledge and Understanding

Curriculum content descriptions

The ways that governments manage economic performance to improve living standards (ACHEK052)

Elaborations
  • identifying examples of fiscal and monetary policy options designed to improve the standard of living, such as productivity policy, training and workforce development, taxation, work visas, migration, buying or selling government securities
  • identifying examples of government intervention that aim to redistribute income (for example, pensions, youth allowance and job search), and goods and services such as health care and education
  • investigating how Australia supports economic growth in the Asia region through participating in the Asia-Pacific Economic Cooperation (APEC) forum
  • explaining the impact of minimum wage, government payments, taxation and government-funded services on living standards
  • identifying examples of externalities (that is, costs or benefits associated with the production or consumption of goods and/or services that affect the wellbeing of third parties or society more generally) and exploring the ways governments can influence or regulate these impacts to ensure prices reflect external costs
General capabilities
  • Ethical understanding Ethical understanding
ScOT terms

Government policy,  Social indicators,  Business cycles

Video

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

Exploring the production and marketing of seafood: producer video

This is a video about how wild-caught lobsters are processed for export and barramundi are farmed in two South Australian businesses. The first part is presented by Andrew Laurie, the owner of Sky Seafoods, who shows the work of the lobster fishermen who supply him and how the lobsters are processed. He describes how sustainability ...

Video

Weekend Magazine: Vinyl: the Australian record industry, 1963

Discover a time in Australia's past when the vinyl record industry was thriving. Today you can download your choice of music at almost any time or place. But in this clip from 1963 you will experience life before music downloads and compact discs (CDs): the age of vinyl records. These records created a teenage mass market ...

Online

Archives ACT: find of the month

This topic-based collection of primary source material provides a rich and varied source of official documents, guides and background information on the civic history of Canberra and the Australian Capital Territory. Produced monthly, this eclectic collection covers topics including the history of monuments, architecture, ...

Text

Repat and Rabbits: WW1 soldier settlement in the ACT

This site provides a collection of documents, guides and information to support research on the Australia's Soldier Settlement Scheme that was implemented the end of World War 1. Soldier Settlement Schemes were established in all states and the Federal Capital Territory (FCT), now the Australian Capital Territory (ACT). ...

Video

How was the modern world created?

This 11 minute video in two parts offers an overview of the three forces of change in the past 100 years which helped create the modern world. Part 1 looks at how the three drivers of change - global exchange networks, competitive markets and increasing use of energy - began to operate with more and more power. Part 2 looks ...

Video

Threshold 8: The modern revolution

This short video presents an overview of the era culminating in the present time, whereby the earth is dominated by a single species - humans. It discusses how humans became so powerful through the creation of huge global exchange networks which shared ideas, technologies, goods and belief systems; through the discovery ...

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Three levels of government: governing Australia

In Australia the three levels of government work together to provide us with the services we need. This webpage provides a detailed explanation of the roles and responsibilities of each level, how they raise money and how they work together. Case studies show how the powers of the Australian Parliament have expanded.

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Refugee analysis from The Conversation

This is a collection of 200+ articles about refugees. It includes articles about the Australian government’s refugee policy over time, policies and approaches internationally, articles on the western Europe migrant crisis of 2015, “explainers” on why refugee intake number vary across Europe, and a long-read essay by Julian ...

Interactive

Discovering democracy: stories of the people and rulers

Explore types of governance such as absolute monarchy, Athenian democracy and representative democracy by interacting with a slideshow of images and text. Complete a related task.

Interactive

Discovering democracy: what sort of nation?

Interact with a slideshow of images and text to explore what has influenced the sort of nation Australia is and how it has changed over time. Complete a related task.

Text

Objects through timeline: 50,000 years before present

This is a 26-page fact sheet that provides a comprehensive overview of migration to Australia from the first arrival of humans to 2006. It includes details about the major waves of international and internal migration, key events and policies, and individuals and groups that have made significant contributions to the development ...

Video

The Snowy Mountains Scheme

How did the Snowy Mountains Hydro-Electric Scheme come to be Australia's greatest economic achievement in the decades following World War II? In this clip, discover what Australia hoped to accomplish through the scheme, and some of the sacrifices that were made for it. Also learn what life was like for migrants from war-devastated ...

Online

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 ...

Interactive

Quizzes

Test your students with these quizzes about the Australian Parliament. Topics include the three levels of government, separation of powers and the Australian Constitution.

Video

Reflections on ending the White Australia policy

Why was the abolition of the White Australia policy so important? Steps taken by the Whitlam Labor government in 1973 signalled the end of the legislation behind the policy. Find out which event first led to the new multiracial policy being put into practice. In this clip, you will hear from former prime ministers and ministers ...

Online

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 ...

Interactive

What house is that?

This is an interactive streetscape of nine houses, each from a different era and of different styles. They represent the nine main housing styles in Victoria. Information about each of the houses includes: features and style; the Architect; designers; historical observations; house owners; and general social history of ...

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Australian Constitution online

Browse the complete text of the Australian Constitution with this easy-to use website. It includes a detailed overview by the Australian Government Solicitor and a 2:26 min video snapshot about the Constitution and its role in the governance of the Australian nation.

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The Conversation: Australian Law

This resource contains a series of explanatory articles about Australian law, and how it interacts with a variety of subjects such as indigenous law, state vs federal, and the constitution. It can be used to develop a broad understanding of Australian law.