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Humanities and social sciences / Year 5 / Knowledge and Understanding / Economics and business

Version 8
View on Australian Curriculum website Australian Curriculum, Assessment and Reporting Authority
Curriculum content descriptions

The difference between needs and wants and why choices need to be made about how limited resources are used (ACHASSK119)

Elaborations
  • debating whether one person’s need is another person’s need or want
  • explaining the concept of scarcity (that is, needs and unlimited wants compared to limited resources) and why individuals cannot have all the items they want and therefore must make a choice
  • explaining reasons for differences in needs and wants for different groups
General capabilities
  • Critical and creative thinking Critical and creative thinking
  • Ethical understanding Ethical understanding
Cross-curriculum priorities
ScOT terms

Needs (Economics),  Scarcity

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2 direct matches to ACHASSK119 | 2 other related resources

Online

Needs verses Wants - Making Choices

  • TLF-IDM019322

This is a resource about consumer choices and the difference between needs and wants. It is presented as a teacher guide with learning activities that include making decisions about purchasing items based on available resources and defining and identifying needs and wants. The resource includes: learning outcomes; a description; ...

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Interactive

An introduction to human rights and responsibilities

  • TLF-IDM021009

This is a unit of work for years 5 and 6 on human rights, the responsibilities that accompany them, and the United Nations Universal Declaration of Human Rights. The unit consists of two interactive lessons for students and a teacher lesson plan, also in two parts. The interactive lessons include quizzes, short answer and ...

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Video

Exploring sustainable practices in food and fibre production:producer video

  • TLF-IDM019350

This is a video about how trees are grown and harvested by Green Triangle Forest Products and how facial tissues are made at Kimberley-Clark's South Australian mill. In the first part of the video, Linda Maddern Marketing Manager for Green Triangle Forest Products describes the size and importance of Australia's forestry ...

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Interactive

Responsible fishing in Western Australia: write an article

  • TLF-IDL4914

Go fishing in Western Australia. Look at how and why laws restrict people from taking certain fish. Identify cases where laws apply: size limits, bag limits and closed seasons. Build a magazine article explaining the fishing laws. Use a model structure and persuasive text to support a responsible position. For example, ...

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