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Economics and Business

Economics and Business. ACARA. At Siena Catholic College. 20 hours per year (ACARA) Working backwards Years 9 and 10 electives Year 9: 5 lessons per cycle = 30 hours per semester elective Year 10: 7 lessons per cycle approx 45 min lessons = 42 hours per semester elective

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Economics and Business

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  1. Economics and Business ACARA

  2. At Siena Catholic College 20 hours per year (ACARA) Working backwards Years 9 and 10 electives Year 9: 5 lessons per cycle = 30 hours per semester elective Year 10: 7 lessons per cycle approx 45 min lessons = 42 hours per semester elective Ignoring ‘work and work futures’ as this is covered in PSDE in both years 9 and 10 Document – Shape of Economics and Business

  3. ACARA Economics and Business Strands: Economics and business knowledge and understanding Economics and business skills Key ideas: Resource allocation and making choices The business environment Consumer and financial literacy Work and work futures

  4. In Victoria: 12 months planning and familiarisation then implemented and reported against in 2015 In Qld: By 2016 Schools responsibility to organise teaching and learning program Content is essential; method is optional – flexibility regarding how and when to report resources and implementation support: http://www.vcaa.vic.edu.au/Pages/foundation10/curriculum/index.aspx Year level descriptions Key questions Content descriptions Content elaborations (examples) Achievement standards

  5. Year 10 Textbook Justice, Money and Markets Fifth edition Calandra Ciavarella, Lasonski Pearson publishers

  6. Scope and sequence The ways the performance of the economy can be measured The effect of the economy’s performance on the sectors of the economy The range of factors influencing consumer choice The interconnections between businesses in a global economy The nature of work in a global economy

  7. Economics and Business Knowledge & Understanding regional and global environment P11 of document

  8. Economics and Business Skills P12 of document Research, analysis and synthesis Application Collaborative decision-making Reflection, evaluation and communication

  9. Learning experiences Identifying and clarifying economic and business issues Interpreting and critiquing media messages Developing and applying economic and business reasoning Developing teamwork skills to make effective, informed decisions Evaluating economic, social and environmental consequences of proposed decisions P13 of document

  10. Scope and sequence The range of factors influencing consumer choice including marketing by financial institutions Introducing financial recording for business(not from ACARA)

  11. Economics and Business Knowledge & Understanding regional and global environment

  12. Economics and Business Skills Research, analysis and synthesis Application Collaborative decision-making Reflection, evaluation and communication

  13. Year 9 Text: Commerce in Action Harper G & Mulas R McGraw-Hill MoneySmart – ASIC - website

  14. Years 9 & 10 P15 of document

  15. Integration of curriculum areas????? Depth studies P17 of document

  16. Year 7 & 8 P16 of document

  17. A resource from VictoriaComview 2013 Resources, courses, websites ….. years 8 – 10 Economics and Business Geoffrey O’Neill gon@gwsc.vic.edu.au Glen Waverley Secondary College http://ma03comview.weebly.com/ weebly – create own websites for free

  18. Course, Resources and Websites Select the following Links:PowerPoint PresentationYear 8 - Taking Care of BusinessYear 8 - Do you want fries with that?Year 8 - Asia Pacific and AidYear 9 Ideas  - Cigarettes in Asia Weblink  - Superbrands Food Doco  - Globesity (Foreign Correspondent)Year 10 - Dollar$ and Sen$e   - Curriculum  - Resources

  19. Year 8 Investigating jobs and skills – Do you want fries with that? Taking care of business Economic knowledge and understanding Economic reasoning and interpretation Australian aid Unit on Asia Pacific, focus on Developing economies –v- established economies - GDP as mapping activity, International trade

  20. Year 9 and Year 10 Year 9 More macro focus Link to History curriculum: Changing features of movements (unions) New technology – industrial revolution – economies of scale Imperialism Year 10 (Year 9 in future) Dollars and sense – personal finance and accounting Avoiding scams, consumer rights, taxation, superannuation, spending money, credit and debt, investments, budgeting, interest, saving strategies, different ways to earn money

  21. ESSI MoneyMcClelland College Frankston

  22. Approaches to consumer and financial literacy years 9 and 10Nick LloydMelbourne Grammar School Personal Finance Types of finance Term deposits Property Government bonds – ASX listed Corporate bonds Gold bullion Managed funds/balanced trust Ethics of choices

  23. Glenn FischmannFrankston High School Monopoly First time – used to teach cash books – develop their own cash books Carry cash book through to next game modified cash payment and cash receipt journals - cash flow statement and balance sheet – not given money 5-6 boards Sometimes allocate groups Bring in food and drink 2 periods each time through At end, calculate assets and prepare balance sheet – next lesson is discussion of how economic events effected their financial circumstances

  24. Variations for game 2 Starting money – can borrow but have a limit of .. Stamp duty – 5% Income tax 10% Capital gains tax: 50% Interest rate 10% - paid to bank every 15 mins Leads to real estate assignment

  25. Variations game 3 – Government Policy First low income owners property – 30% off first property Property boom – values increase by 10% Rental price increases by 5% Increase in housing spending – decreased DD of other things – unN hit People default on home loans House prices fall by 10% of face value Rental prices decrease GFC bonus payment - $200 Stimulus – building house or hotel 30% discount Rail, power and water owners can increase prices by 50% Stimulus payments cut Economy is booming Election coming up New govt - Cut budget 2 richest players pay income to two poorest players Population flees alien invasion

  26. Alan Kohler ABC News/Eureka ReportTrends in various economic indices Why does 2-3% inflation have to be goal Why not 2-3% deflation At present, everyone (private and public) has too much debt – need to keep value of currency low so that debt does not increase to detriment of savers rather than investors (borrowers) Anyone on fixed income / with savings – detrimental effect Super industry is powerful. No one is lobbying against this industry. Increase to 12% high Super concessions are big burden on budget

  27. Glenys Goodingham ggoodingham@bne.catholic.edu.au Siena Catholic College 60 Sippy Downs Drive Sippy Downs Q 4558 5476 6100

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