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
  • Intercultural understanding Intercultural understanding
Cross-curriculum priorities
ScOT terms

International trade,  Globalisation,  Regional trade,  Domestic markets

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

Sciencey: Five things you should know about renewable energy

Check out how we make electricity, the different renewable energy sources we have developed and how batteries work. Then, find out about hydro-electricity and why Australia could one day be the world’s biggest exporter of renewable energy. Lastly, discover virtual power plants. Why is it important to focus on renewable ...

Interactive

Fish market

Buy and sell fish in trading markets in a range of Australian and New Zealand cities. Compare market prices, supply and demand. Get to know other traders to find the best deals and discover new markets. Find a rare fish. Maximise your profit and reputation as a smart trader. This learning object is the last in a series ...

Video

Mouat Farms - an Apple Orchard and much more. Batlow, New South Wales

This is a video about orchardist and jam-maker Kris Mouat and how she and her husband operate a fruit agribusiness. It shows scenes of their 'Wyola' property as she speaks of how she came to orcharding and now makes jam from fruits and berries, and how they operate a roadside shop and a pick-your-own-fruit facility. She ...

Video

Get Shucked Oysters

This is a short clip about a Tasmanian oyster farmer producing and serving farm-fresh oysters on site on Bruny Island. In this clip, oyster farmer and business owner, Joe Bennett, describes how he established his business from very small beginnings and has grown it to satisfy consumer demand. Watch to find out how this ...

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 ...

Video

A Year on a Farm: producer video

This is a video about operation of an organic orchard near Kalangadoo in South Australia and the commitment to biodiversity of its owners Michelle and Chris McColl. Michelle McColl describes and illustrates the annual cycle of work with the trees and fruit while discussing the economic and agronomical advantages of the ...

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 ...

Online

Salmon Growing in Tasmania

This is a unit of work on aquaculture with a particular focus on the Tasmanian salmon farming industry. The unit provides a series of structured investigations leading to a design challenge which asks students to create an improved salmon pen. Activities include: an introduction to aquaculture and sustainable farming methods; ...

Interactive

MoneySmart: MilbaDjunga - how can I start my own business?

The MilbaDjunga secondary unit 'How can I start my own business?' is an interactive online unit developed to support teachers of Aboriginal and Torres Strait Islander students to teach consumer and financial literacy. It leads students through a step-by-step process to start a small business and is accompanied by teacher ...

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 ...

Video

Exploring the production and marketing of seafood: producer video

This is a video about how wild-caught lobsters are processed for export and barramundi are farmed in two South Australian businesses. The first part is presented by Andrew Laurie, the owner of Sky Seafoods, who shows the work of the lobster fishermen who supply him and how the lobsters are processed. He describes how sustainability ...

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

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

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

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 ...

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

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 ...