Economics and Business 7-10 / Year 7 / Skills / Interpreting and analysing

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Curriculum content descriptions

interpret information and data to identify economic and business issues, trends and economic cause-and-effect relationships (AC9HE7S03)

Elaborations
  • interpreting information to identify economic and business issues; for example, inferring the effect of growth in shopping online on the number of customers entering stores
  • interpreting multi-variable data by using interactive digital tools to identify trends and to answer questions such as “For a 10-year period, to what extent has the number of people in casual work changed?”
  • interpreting visual displays of multi-variable data to identify a cause-and-effect relationship within an economic and business issue, such as the relationship between income earned by an individual and levels of saving and spending
General capabilities
  • Critical and creative thinking Critical and Creative Thinking
  • Literacy Literacy
ScOT terms

Causality,  Data analysis,  Trend analysis,  Reasoning

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2 direct matches to AC9HE7S03 | 3 other related resources

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My Five Cents: What is opportunity cost?

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What is the true cost of buying something? Gen Fricker explains that it's more than just money. Learn about opportunity cost - what it is, why it's a helpful tool and when to use it. Simple! Then test yourself with ASIC MoneySmart's "Things to think about" classroom exercises.

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Trade and Investment at a Glance

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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 ...

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My Five Cents: Why borrowing can cost you more

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Think credit cards are basically free money? Gen Fricker will make you think again. Learn how interest rates and fees affect the money you borrow, and why they may be more expensive in the long run. Oh dear! Then test yourself with ASIC MoneySmart's "Things to think about" classroom exercises.  

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Australia's Trade through Time

  • TLF-IDM025126

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 ...

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My Five Cents: Why investing can be risky

  • TLF-IDM025254

Planning to get rich quick by investing one day? Before you jump in, let Gen Fricker explain some of the risks involved with different types of investments. Then test yourself with ASIC MoneySmart's "Things to think about" classroom exercises.  

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