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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

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

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.

Online

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.

Online

Sensory Experience

This is a website about how the treatment and mainstream understanding of deaf and blind people has changed overtime. The resource has three sections: Introductory information; Story Objects; and Story Education Resources. There are 16 Story Objects that tell the stories of individuals, events and artefacts of deaf and ...

Text

The Conversation: class in Australia collection

This collection of short articles critically examine the topic of class in Australia, asking whether it exists and examining relationship between class and aspects such as health, where you live, gender, income inequality and others. The articles support student investigations and in-depth studies of issues relevant for ...

Online

Australian Constitution

This fact sheet summarises the key features of the Australian Constitution— the set of rules by which Australia is run—and how it can be changed.

Text

Year 10: Justice at home and overseas

This collection of resource sheets support students to understand key features and values of Australia's system of government and the role of the High Court with a focus on the Western Australian legal system. The resources include a comparison between key features of the Australian and Indonesian systems of government. ...

Video

In My Blood It Runs: Right to self determination

After many decades of working with the colonial Commonwealth Government of Australia, Yolngu Elder and renowned leader Galarrwuy Yunupingu argued (as many First Peoples do) that it's in their best interest to establish independence, politically and economically, from the colonial state. "We, the united clans of east Arnhem ...

Video

In My Blood It Runs: Children's voices and rights

Dujuan Hoosan is a 10-year-old Arrernte and Garrwa boy. He grew up at Sandy Bore outstation and Hidden Valley town camp in Alice Springs. Dujuan is an Angangkere, which means he's a traditional healer, a role that was passed on to him from his Country and great-grandfather. Dujuan is the star of In My Blood It Runs, which ...

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.

Interactive

Discovering democracy: parties control parliament

Interact with a slideshow of images and text to explore the role political parties and independents have in Australia. Learn about some of fundamental principles underpinning the major parties. Complete a related task.

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.

Text

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 ...

Text

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

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.

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 ...

Text

Government

This fact sheet explores the role and functions of the Australian Government, including who is in the government, how it is formed, minority government and the principle of responsible government.

Text

Separation of powers

The principle of the separation of powers distributes the power to govern between the Parliament, the Executive and the Judiciary. This fact sheet examines the role of each group and the related principle of responsible government.

Text

Cabinet

Cabinet is the top-level decision-making group within the Australian Government. Find out more about who is in Cabinet and how it works with this fact sheet.

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 ...