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

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 ...

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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Gender equality analysis from The Conversation

This is a collection of 40+ articles about gender equality. It includes articles about women in corporate leadership, work-life balance for men and women, policy responses to domestic violence in South Africa, the implications of gender bias in higher education, role of childcare in promoting equality and others. The articles ...

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The Conversation: the state of the Australian economy

This article describes the state of the Australian economy, beyond the story of budget crisis. It is authored by an economics professor and is in plain language. The article provides links to a further collection of articles discussing the state of Australia from different political and social viewpoints.

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 ...

Video

Four Corners: Industrialisation versus conservation

The conflict between industry and conservation is not a new one. This clip, taken from a 1973 Four Corners program, highlights the conflict between those wishing to preserve Australia's natural environment and those representing industrial interests. Industry is shown to be spending millions of dollars to prevent pollution. ...

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 ...

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

Tour of NSW Government House

This resource is a YouTube playlist containing a series of videos taken as a group of senior high school students are given a guided tour of NSW Government House in 2010. The tour covers primary sources such as architecture, furniture and images significant to the history of Australia and NSW.

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 ...

Video

In My Blood It Runs: Connections to Country

First Nations communities have powerful connections with Country. These connections are reflected in spiritual narratives (sometimes referred to as Dreaming stories), which connect humans, animals, plants and minerals back to the creative spiritual forces who made the lands, seas and skies. Connections to Country form the ...

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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

Five Australians: Charles Perkins fights for racial equality

Why is Charles Perkins remembered as a significant leader in the struggle for the rights of Aboriginal and Torres Strait Islander peoples? In this clip, he looks back on two campaigns that brought him to public attention in the 1960s and were part of a wider struggle to end racial discrimination in Australia. This clip ...

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Four Corners: Funding conservation charities, 1973

Imagine that, while working for a company responsible for pollution, you were a member of a commission to control pollution. This clip looks at such conflicts of interest between big business and conservation. The reporter explores the issue of whether an anti-pollution commission can be truly independent if people holding ...

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Weekend Magazine: The Stomp, a 1960s dance craze

Imagine a dance so simple it could be learnt in minutes and so popular it became a craze. This clip from a Weekend Magazine program screened in 1963 looks at such a dance. It was called the Stomp and it was pounded out in surf clubs and council halls around Australia's coast. Watch and listen as teenagers express their ...

Video

Australia's first Aboriginal member of parliament

Neville Bonner became Australia's first Aboriginal parliamentarian when he was appointed to represent Queensland in the Senate in 1971. In this clip, Senator Bonner outlines some of his priorities and his response to public expectations as he prepared to take office.

Interactive

Making a difference

This resource consists of four case studies which explore stories that illustrate issues of civics and citizenship at local, state, federal government and international levels. Students learn about active citizenship and plan their own, while covering content such as the Freedom Rides, Franklin Dam, Mabo, Wik and human rights.