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Economics and business / Year 9 / Economics and Business Knowledge and Understanding

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Australian Curriculum, Assessment and Reporting Authority

Curriculum content descriptions

Why and how participants in the global economy are dependent on each other (ACHEK039)

Elaborations

exploring Australias interdependence with other economies and brainstorming the ways that consumers, producers, workers and governments interact with other economies
locating a range of products in the local shopping centre that were produced overseas, and proposing reasons why they were not produced in Australia (for example, comparative advantage and gains from specialisation and trade)
examining the implications of participating in an interdependent global economy for consumers, workers, businesses and government (for example, mapping the global supply chain for a product to identify the advantages and disadvantages for participants in the chain)
investigating the activities of transnational corporations in supply chains and global business activities

General capabilities

Critical and creative thinking
Ethical understanding

ScOT terms

Globalisation, Supply chain

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