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

Curriculum content descriptions

The links between economic performance and living standards, and how and why variations exist within and between economies (ACHEK051)

Elaborations
  • defining ‘living standards’ and explaining its relationship to economic performance
  • exploring the factors that can explain the variations in economic performance within or between economies (for example, high levels of foreign ownership, employment rates, levels of debt)
  • investigating economic performance and living standards and discussing how they can mean different things to different people and countries
  • investigating the ways living standards can be measured (for example, gross domestic product (GDP), Human Development Index (HDI) or total quality of life index)
  • investigating the ways in which income and wealth are distributed in the economy, using measures such as an income distribution histogram, the Lorenz curve or the Gini coefficient
General capabilities
  • Critical and creative thinking Critical and creative thinking
  • Ethical understanding Ethical understanding
ScOT terms

Living standards,  Business cycles,  Uneven development

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 ...

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 ...

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 ...

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

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

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 ...

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 ...

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.

Online

Data in Gapminder world

This resource is a dataset providing data for a number of indicators of development over time for more than 200 countries. The indicators fall into the following categories: population, health, economy, environment, work, infrastructure, energy and education, with over 500 sets of data in total. Each set of data can be ...

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Protocol framework for urban design

This is a rich resource about the Urban design protocol for Australian cities. The resource describes the protocol, including the aims, the five pillars on which it is founded, and how the protocol relates to the National urban policy goals and objectives of productivity, sustainability, liveability and governance. The ...

Interactive

Dollar street

This is an interactive resource about the different standards of living of people at different levels of wealth. It shows a street containing photo-panoramas from households at different income levels in Mozambique, South Africa and Uganda. The user can choose the level of income ranging from $1-2 per day to over $100 per ...

Text

Design principles about place: productivity and sustainability

This is a multilayered resource that presents the 12 design principles of the Urban design protocol for Australian cities. The principles are presented in three sections and link to important information about the attributes of each of the principles. The principles about place are enhancing, connected, diverse and enduring ...

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 ...

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 ...

Interactive

Treasures of American history - online exhibition

This is an online exhibition showing the objects, artefacts and images that make up some of the treasures of US history. The treasures shown in this exhibition document eight of the challenging situations and issues that have helped to shape the USA. Topics include: revolution and the new nation; slavery; western expansion; ...

Online

Heritage Council Victoria: resources for teachers and students

This is a collection of resources exploring Victoria’s history and heritage. There are four main sections. The Victoria's Framework of Historical Themes section includes a downloadable teacher guide and lesson starters, it is organised in historical themes. The Vic-Heritage App section provides search functionality to find ...