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

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.  

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 ...

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

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 ...

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 ...

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 ...

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

Prawn Farming

This is a short clip in which Gold Coast prawn farner, Nick Moore, describes the prawn farming industry, the business he manages, and the high standards of the Australian industry. Nick, explains why this business is more like agricultural farming than fishing and how his qualifications and experience more closely match ...

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

Finding farms: producer video

This is a video about how lobsters are harvested and processed in South Australia for live export to China. In the first part of the video, Mark Denton, a professional rock lobster fisherman describes how the sustainability of the lobster fishery is ensured; compares and contrasts his work with farming any other form of ...

Online

The First Fleet - dataset collections

The dataset provides information about 780 of the convicts transported to Australia on the First Fleet ships 'Alexander', 'Charlotte', 'Lady Penrhyn', 'Friendship', 'Prince of Wales' and 'Scarborough' in 1788. The dataset includes information on items such as the convict's name, occupation, crime, date of trial and term ...

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.

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.  

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 ...

Video

Exploring farms that produce our meat and wool:producer video

This is a video about Mayura Station in South Australia and the full-blood Wagyu beef it produces. It is introduced by owner Scott deBruin who explains the origin of Wagyu cattle in Japan; points to the characteristic marbling of its meat preferred by Asian customers; and outlines the importance of high energy grain feed ...

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 ...

Video

Farm Diaries: producer video

This is a video about pig production at the Tintinara property of the Mount Boothby Pastoral Company in South Australia. Pigs at various stages are shown, including nursing piglets, weaned piglets weighing between 7 and 10k, and pigs close to a live weight of 100k. Pig producer Alastair Johnson gives statistics about the ...

Video

Carey Bros Queensland

This is a video about the operation of the Carey Brothers meat production business. Introduced by Greg Carey, the video shows beef cattle at the company's abattoir as he lists the numbers of cattle, lambs and pigs processed in a typical week and the numbers of staff employed at the plant. He praises the resilience of the ...

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 ...

Video

Growing exotic fruit - a niche market enterprise

This is a video(3:15 min) about John and Lyndall Piccone’s exotic fruit orchard at Tyagarah in New South Wales. The resource describes how the property produces more than 200 different tropical and sub-tropical fruits with the harvest beginning in early spring. Successive harvests serve to maintain customer interest in ...