what economics is in it for me?. all 6 aims of the curriculum have economics and business within...
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ECONOMICS AND BUSINESS
WHAT ECONOMICS IS IN IT FOR ME?
ECONOMICS
All 6 aims of the Curriculum have Economics and Business within each aim.
Economics is present in all 4 areas of the curriculum (as is business):
Resource allocation and making choices Business environment Consumer & financial literacy Work and work futures
ECONOMICS AND BUSINESS
It is doubtful that the curriculum aims can be met without a strong consideration of Economics as part of the focus of content and skills.
There will be many ways that schools approach how the Curriculum will be implemented.
We may need to be very actives as teachers of Economics and Business to ensure our curriculum received the treatment it deserves and warrants
ECONOMICS AND BUSINESS
Subject/discipline backgrounds will vary and it may be taught by”
A. Teachers who have tertiary qualifications in both business and economics
B. Teachers who have tertiary qualifications in either business or economics
C. Teachers who have tertiary qualifications in neither economics or business.
ECONOMICS & BUSINESS
What group do you fall in to? * Have taught both economics and
Business? * Have taught Business but not Economics? * Have taught Economics but not Business?
Economics background– tertiary?Year 12?None at all?
ECONOMICS & BUSINESS
A Social Science that studies the decisions made by individuals, households, businesses, governments (and other groups) about how scarce resources are allocated in attempting to satisfy unlimited needs and wants.
Under Aust. Curriculum, E & B is placed within the Humanities Learning Area (includes History, Geography, and Civics & Citizenship)
WHAT IS ECONOMICS?
Content: As the Curriculum is not yet finalised and
accepted by ACARA, there has not yet been a detailed elaborations prepared for E & B.
The suggestions offered here have been developed by a few experienced teachers of Economics, and should not be taken as a definitive or exhaustive listing.
A detailed elaborations will most likely be developed QCAA.
Economics & Business
Year 5 – Consumer choices – needs, wants, resources, limited resources, land, labour, capital and enterprise/entrepreneur, consumer choices, scarcity
YEAR 5
Opportunity cost – choices about alternative uses of resources and the need to consider trade-offs
Effects of consumer and financial decisions on individuals, broader community and the environment.
Why businesses exist (to make a profit by providing goods and services that consumers/households need and want)
Ways of providing goods and services – scales of production AND forms of ownership (sole trader to Multi-national corporation )
YEAR 6
Central economic focus is THE MARKET, and WORK - supply, demand, price, market, consumers, producers,
shortage, surplus, - types of markets – subsistence, commercial market,
on-line market etc.. - entrepreneur – characteristics and roles -Work – why individuals work (income, personal
satisfaction, etc.); types of work (volunteer to full time work, unskilled to
highly skilled [qualifications], employed to self-employed)
Income – return on labour, rents, dividends, transfer payments (social security).
YEAR 7
Market focus again Markets, government, types of markets, government intervention, rights and responsibilities of consumers and
businesses, types of businesses, Influences on ways of work
Year 8
Global links – economy, economic system, Asia, global
economy, interdependence (economic, political, cultural,)
international trade, financial risks, competitive advantage and offshoring, cost-benefit analysis Roles and responsibilities in the workplace
YEAR 9
GDP, economic performance, criteria – efficiency, equity, externality, living standards, variable living standards
and economic development, economic management,
productivity, economic growth,
YEAR 10
Economics Texts for Yr 11 and 12 e.g. Economics for the Real World, Cave et al, Pearson/Cengage, 2010.
Texts written for E and B – CUP, Jacaranda, Pearson etc.
Texts written for the Victorian VELS 7-10 course (E & B resembles the existing vELS course to some extent
RESOURCES
Economics teacher/s in your school If Economics is offered)
Teachers trained in Economics, but not teaching the subject
QETA – will have some resources available but will be in a password protected environment.
Ed Qld C2C Curriculum (available on Scootle for non-gov’t schools, although copyright materials may be an issue)
Economics Resources
So many available it is difficult to find them at times You Tube – over 5 million Economics videos
Some sites such as Financial Basics and ESSI Money, CBA Financial Literacy materials, ASIC Smart Money site, RBA, Bank sites provide financial references
Web Resources
TES – Australian site, free but you must register to use the site
www.tesaustralia.com EconEdLink – US site – has thousands of
lessons, can be searched via year levels or concepts etc. Must join – it’s free too!
www.econedlink.org BIZ ED – UK site – free, no need to join. Mainly
senior secondary but has some useful videos/simulations etc..
www.bized.co.uk
Resources
Sharing with other teachers and schools BEAQ/QETA role in this? BEA may have some sharing of materials as
well.
Sharing Resources
Questions?
Discussion?
Economics & Business
School approaches will be many and varied Range from subject specific to integration
with other subjects (planned or unplanned) Need to share approaches that schools
adopt to the Curriculum?
School approaches