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Economics and business / Year 7 / Economics and Business Knowledge and Understanding

Curriculum content descriptions

Why individuals work, types of work and how people derive an income (ACHEK020)

Elaborations
  • investigating the contribution that work can make to an individual (for example, earning an income, contributing to an individual’s self-esteem, contributing to the community, material and non-material living standards and happiness)
  • exploring different types of work such as full-time, part-time, casual, at home, paid, unpaid, unrecognised, volunteer
  • investigating alternative sources of income such as through owning a business, being a shareholder, providing a rental service
  • discussing the ways people who have retired from employment earn an income (for example, age pension, superannuation and private savings)
General capabilities
  • Critical and creative thinking Critical and creative thinking
ScOT terms

Work (Labour),  Income

Video

Role models videos

Indigenous role models share their stories and experiences of work, training and the need for learning through over 220 video clips They explore ideas around work culture including core employability skills such as communication, teamwork, enterprise and problem solving, as well as the value of literacy and numeracy in ...

Video

My Five Cents: Why investing can be risky

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.  

Interactive

PreVET

The PreVet program is designed for students in the middle years and explores ideas around work culture and the value of literacy and numeracy in working life. It is a vast, multi-layered website providing student and teacher resources promoting job pathways for Aboriginal and Torres Strait Island people in remote northern ...

Video

Rugby Farms vegetable farm - different roles of employees

This is a short clip about a large business producing vegetables in Stanthorpe, Queensland for local and international markets. In this clip, a business manager describes the size of the business in terms of number of employees and physical area. It also shows three employees, a staff trainer, an agronomist and a boiler ...

Video

Cascades Nursery - focus on growing trees

This is a video about tree grower Mandy McCorkindale and how she and her husband propagate, grow and sell 300 different trees at Cascades Nursery at Batlow, New South Wales. It shows footage of their activities in various parts of the nursery as she outlines the advantages of buying advanced trees that have been hardened ...

Text

Cotton Australia fact sheets

This library provides a series of one to two page fact sheets on a range of topics related to the Australian cotton industry including: an overview of the industry, history of the cotton industry in Australia and in the world; economics of Australian cotton; biotechnology; climate challenges and cotton; properties of cotton ...

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.  

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

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

Investigating key Australian approaches to producing cotton, timber and wool: producer video

This is a video about short wool sheep breeds and how their wool is used at the MiniJumbuck factory at Narracorte South Australia to make quilts, underlays and pillows. Sheep are seen on farms as merino sheep producer Thyne McGregor and Southdown breeder Dee Nolan discuss the strengths of each type of wool and how each ...

Video

Out and about on farms: producer video

This is a video about the Willalooka Pastoral Company in South Australia and its annual cycle of cattle and sheep production. Narrated by owner Thyne McGregor, it shows the scale of the company's operations as he describes how its 10,000 ha size came about and how its five staff are deployed. He emphasises the importance ...

Video

CERES Environment Park

This is a video about the sustainable not-for-profit agribusiness operated by the Centre for Education and Research in Environmental Strategies (CERES) in inner Melbourne. CERES Environment Park runs an organic farm, fruit and vegetable delivery business, and delivers educational programs to schools. Presented by the ...

Video

From Citrus to Almonds: video

This is a video [6:25 min] about growing almonds on a property in the Riverland of South Australia and why the owners switched from citrus to almond production. The first part of the video illustrates the characteristics of the property and explains the long-term strategy and business reasons for the switch. The next part ...

Video

Smart Water - Precision Irrigation: video

This is a video (5:08 min) about the importance of water to a fully-irrigated 1600ha farming and wine-producing enterprise on the banks of the Murray River and the effectiveness of its fully automated irrigation system. The enterprise is Andrew Peace Wines and the system was developed by WiSA. The video iillustrates viticulture ...

Online

Commemorating Anzac through engaging learning

This resource supports quality teaching and learning through specific curriculum learning opportunities to engage students, as well as enhancing whole school and community interactions and events commemorating Anzac. Part of the Bringing communities together series in response to the NSW State Anzac Centenary.

Video

Salmon Growing in Tasmania: video

This is a video [5:52 min] about large scale farming salmon at Huon Aquaculture in southern Tasmania. It illustrates the the operation of the aquaculture business, its infrastructure, the salmon life cycle and the efficiency levels of salmon production gained. The commentary initially focuses on the importance of aquaculture ...

Video

Grandvewe - Cheese Farm - cheese also comes from sheep!! Tasmania

This is a video about farmer and cheesemaker Diane Rae and how she and her children established a sheep dairy agribusiness. It shows scenes of Grandvewe farm and cheesery as she speaks of how they learnt to be sheep farmers; researched dairy sheep overseas; and changed production systems as a result of experience. She tells ...

Video

Bruny Island Providore

This is a short clip in which the business owner of a Tasmanian fudge company describes the establishment and development of his confectionery business. Business owner, Michael, explains the production model behind his successful enterprise including the business location, the local sourcing of raw materials, and a world’s-first ...

Online

IP in everyday life

This is an interactive resource about products that exist in everyday life that have protected intellectual property. The resource is presented as a timeline of one day, beginning at breakfast in the morning through until night. Interactive images appear as the mouse scrolls across the timeline. These images are linked ...