Economics and business

About this resource:

URI:

http://rdf.australiancurriculum.edu.au/elements/2018/05/82669c99-f9fa-48d9-a4ef-88a596c8ba11

Statement label:

Year level sub-strand

Description:

Concepts for developing understanding

The content in the economics and business sub-strand develops key ideas, with a focus on developing an understanding of the relationship between consumers, producers and businesses. Students explore how consumers and producers interact in the market (business environment) and how consumers and businesses plan in personal, organisational and financial ways (resource allocation and making choices, consumer and financial literacy) to realise objectives. Students explore the world of work and income, and examine the relationship between entrepreneurial behaviour and successful business (business environment, work and work futures).

Inquiry Questions

• Why is there a relationship between consumers and producers in the market?
• Why is personal, organisational and financial planning for the future important for consumers and businesses?
• How does entrepreneurial behaviour contribute to a successful business?
• What types of work exist and in what other ways can people derive an income?

Rights holder:

Australian Curriculum, Assessment and Reporting Authority

Rights:

© Copyright Australian Curriculum, Assessment and Reporting Authority

Subject:

http://vocabulary.curriculum.edu.au/framework/U100

Part of:

http://rdf.australiancurriculum.edu.au/elements/2018/05/e43cff2d-01be-456a-8b60-33d7f7f0ced8

Child of:

• http://rdf.australiancurriculum.edu.au/elements/2018/05/b00a3182-d704-43d5-8853-de9714e274ab
• http://rdf.australiancurriculum.edu.au/elements/2018/05/f24f8eb3-8178-4aa3-8f24-b2920450b93e

Has children:

• http://rdf.australiancurriculum.edu.au/elements/2018/05/73b6cff2-e385-4f02-aebf-57890b63e543
• http://rdf.australiancurriculum.edu.au/elements/2018/05/0219c0d1-c251-4f6d-81ee-da8b9c99ebee
• http://rdf.australiancurriculum.edu.au/elements/2018/05/76d76320-930b-415f-97cc-f7c4b063627b
• http://rdf.australiancurriculum.edu.au/elements/2018/05/5bb440b7-0705-4128-ac2a-12654e738f0b

Last modified:

2018-06-28T02:23:14+00:00

About this record:

Rights holder:

Australian Curriculum, Assessment and Reporting Authority

Attribution name:

Australian Curriculum, Assessment and Reporting Authority

Attribution URL:

http://rdf.australiancurriculum.edu.au/elements/2018/05/82669c99-f9fa-48d9-a4ef-88a596c8ba11

Creator:

Australian Curriculum, Assessment and Reporting Authority

Licence:

http://creativecommons.org/licenses/by-nc-sa/3.0/au/

Last modified:

2019-03-03T10:46:59+00:00