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)

  • 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
  • Intercultural understanding Intercultural understanding
Cross-curriculum priorities
ScOT terms

International trade,  Globalisation,  Regional trade,  Domestic markets

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