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Related topic
Economics and business / Year 9 / Economics and Business Knowledge and Understanding
Curriculum content descriptions
Australia as a trading nation and its place within the rising economies of Asia and broader global economy (ACHEK038)
Elaborations
- identifying participants in the open Australian economy including household, business, finance, government and foreign sectors
- explaining the objectives of the Australian economy to satisfy needs and wants through the production and distribution of goods and services
- identifying Australia’s major trading partners in the Asia region and the items of trade
- explaining the impact of global events on the Australian economy and its trade and investment relations with other countries (for example, a natural disaster in a country of the Asia region)
- identifying examples of global events that impact on economic activity (for example, environmental, financial, economic, political, technological, social, cultural, sporting events)
General capabilities
Cross-curriculum priorities
ScOT terms
International trade, Globalisation, Regional trade, Domestic markets