AUSTRALIAN CURRICULUM

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AUSTRALIAN CURRICULUM

• ECONOMICS

2
Australian Curriculum

• What we know
• The place of economics in the Curriculum
• Year levels
• A detailed analysis what will we teach?

3
What we Know

• Curriculum Document is available but not endorsed
  pending Australian Government Review (Donnelly
  Wiltshire)
• Implementation depends on QSA, systems and
  schools.
• 2 strands Knowledge understanding Skills

4
What we Know

• Recommended time allocation in Years 5-8 is 30
  minutes per week, or about 20 hrs per year.
• How schools structure this is a school decision
• Development of C2C materials by EQ may influence
  approach in EQ schools

5
WHAT WE KNOW

• The Shape paper largely determines the nature of
  the curriculum
• 4 broad areas
• Resource allocation and making choices
• Business environment
• Consumer financial literacy
• Work and work futures
• Year 7 in secondary school 2015

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ECONOMICS

• Which of the four strands is relevant to
  Economics?
• Resource Allocations Choices
• Consumer Financial Literacy
• Some parts of Business environments and parts of
  Work and work futures
• Curriculum is not rich in elaboration

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Australian Curriculum Year level structure

• Year level description
• Key Questions
• Content Descriptions (a) Knowledge and
  Understanding and (b) Economics and Business
  Skills
• Year level Achievement level Standard.

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Year 5 Key Questions

• Why do I have to make choices as a consumer?
• What influences the decisions that I make?
• What can I do to make informed decisions?

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YEAR 5 CONTENT

• Needs, wants, choices about limited resources
• Types of resources and ways societies use them to
  satisfy needs and wants
• Influences on consumer choices and methods used
  to make informed decisions

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Year 6 Key Questions

• Why are there trade-offs associated with making
  decisions?
• What are possible effects of my consumer
  financial choices?
• Why do businesses exist and what are the ways
  they provide goods services?

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Year 6

• Opportunity cost and alternate use of resources
• Effects of consumer and financial decisions on
  individual, community environment
• Why businesses exist and ways they provide goods
  and services

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Year 7 Key Questions

• Why is there a relationship between consumers and
  producers in the market?
• Why How indiv business plan to achieve goals?
• How does entrepreneurial behaviour contribute to
  a successful business?
• What types of work exist and how can people
  derive an income?

13
Year 7

• Consumers, producers and the market
• Characteristics of entrepreneurs and successful
  businesses
• Why individuals business plan to achieve
  personal. Organisational and financial objectives
• Why work, types of work, deriving an income

14
Year 8 Key Questions

• Why are markets needed and why are govts
  involved?
• Why do consumers and bus. Have rights
  responsibilities?
• What affects way people work now in future
• How do different businesses respond to market
  opportunities?

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Year 8

• Markets, government influence on markets
• Traditional ATSI markets and ATSI participation
  in todays markets
• Rights Responsibilities of consumers
  Businesses
• Types of Businesses
• Influences on way people work

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Year 9 Key Questions - elective

• How do participants in global economy interact?
• Strategies to be used to manage financial risks
  and rewards?
• How does creating a competitive advantage benefit
  business/

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Year 9

• Aust. Economy and its place in Asia and global
  economy
• Why and how global economy participants are
  interdependent?
• Why and how people manage financial risk in Aust
  and global financial landscape.
• How to create and maintain a competitive
  advantage in global market
• Roles responsibilities in changing Aust/global
  workplace

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Year 10 Key Questions - elective

• How is performance of an economy measured?
• Why do variations in economic performance happen
  in different economies?
• What strategies do govts use to manage the
  economy?
• How do indiv, bus, govts respond to changing
  economic conditions

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Year 10

• Indicators of economic performance, and how Aust
  is performing
• Links between performance and living standards,
  within between economies, and causes
• Ways governments manage the economy
• Factors that influence major consumer and
  financial decisions
• Ways businesses organise to improve productivity
  and respond to changing economic conditions

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Activity

• Select one of Year 7, 8, 9, 10 and
• Examine Content descriptions and develop
  elaborations for these.
• Select either Year 5 or Year 6. What would you
  advise primary teachers they need to teach?