Economics and Business 7-10 / Year 7 / Skills / Communicating

Curriculum content descriptions

create descriptions and explanations, using economic and business knowledge, concepts and terms, and referencing information and data from sources (AC9HE7S05)

Elaborations
  • developing a response to an issue that orients the audience (for example, peers or community members) to the issue, using relevant economic and business concepts and terms such as “market”, “income”, “business”, “goods and services” and “costs and benefits”
  • explaining ideas and decisions with details and examples, using data and information presented in appropriate formats; for example, visual displays, tables and graphs, or budget and savings plans, and research findings presented in appropriate formats, such as a graphic organiser or summary
General capabilities
  • Literacy Literacy
ScOT terms

Referencing,  Data representation,  Word meanings,  Creating texts

Video

My Five Cents: What is opportunity cost?

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.

Text

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

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 ...