Economics

=** Curriculum overview 2010 **=

** Domain: THE HUMANITIES ** ** Subject: ECONOMICS ** ** VELS level: 5 ** ** Dimension: ESSENTIAL HUMANITIES SKILLS (VELS) **

** Students will be able to: **

- Explain key factors influencing the Australian economy - Plan economic investigations - Analyse and interpret data and - Form conclusions supported by evidence
 * eg. the housing market
 * the AFL players' market
 * the local community market
 * the chocolate market

- Form and express opinions on economic issues that interest and/or imapct on them personally, or locally and nationally - Describe factors that affect choice of employment and opportunities for current and future work - Explain the relationship between education, training and work opportunites

**ENGLISH**
 * __ NAPLAN SKILLS __**

**MATHS**


 * Dimension: ESSENTIAL HUMANITIES KNOWLEDGE AND UNDERSTANDING (VELS) **

Scarcity – needs and wants resource allocation, use, ownership and management in personal, community and business contexts Opportunity cost trade off Fundamental economic problem Market – buyers and sellers Demand and Supply Risk-taking and competition Personal financial literacy and income factors Nature of business and ownership Role of government in the economy Work opportunities – careers
 * TOPIC **


 * DIMENSION **

Economic knowledge and understanding Economic reasoning and interpretation.


 * __ LITERACY STRATEGIES __**

Curriculum overview 2010 ** Domain: THE HUMANITIES ** ** Subject: ECONOMICS ** ** VELS level: 6 ** ** Dimension: ESSENTIAL HUMANITIES SKILLS (VELS) ** ** Students will be able to: ** - confidently and willingly participate in our economic society as consumers and possibly producers and investors. - make informed and educated decisions to be effective members of our economic society. - develop appropriate business confidence and capacity, through learning business concepts. - use appropriate economic and business terminology. - evaluate ethical and social impacts of business and economic activity and decision making. - apply knowledge and understanding of concepts to ensure long term sustainability of resources.

ENGLISH: N/A MATHS: N/A
 * NAPLAN SKILLS **

**Dimension: ESSENTIAL HUMANITIES KNOWLEDGE AND UNDERSTANDING (VELS)**

The Australian economy Macroeconomics Microeconomics Entrepreneurship Ethics and sustainabiliy Economic issues Price - theory Financial literacy – Savings and investment Vocational Pathways Transition to employment and further education and training Relationships between government, business, consumers, Consumerism

LITERACY STRATEGIES

· E-Commerce · Marketing · Fixed Costs/Variable Costs · Private /Public Sector · Corporation · Franchise · Balance Sheet · Australian Constitution · Local, State, Federal Government · Parliament · Federal Elections · Preferential Voting · Proportional Voting · Political Parties · Civil Law/Criminal Law · Court Hierarchy · Police, Crime, Punishment · Resources · Scarcity · Demand/Supply · Inflation · Economic Growth · Interest Rates · Exchange Rate · Sustainability Globalisation
 * Key Terminology**

NUMERACY STRATEGIES

· Statistics · Graphs, pie-charts, bar graphs · Employment/unemployment data, CPI data, Economic Growth data · Percentages · Fixed Costs/Variable Costs · Cash Flow Statements · Profit/Loss Statements · Balance Sheets
 * Key Concepts**