Australian Curriculum Categories

Economics and business

Concepts for developing understanding

The content in the economics and business sub-strand develops key ideas, with a focus on developing an understanding of why decisions need to be made when allocating resources (resource allocation) for society’s needs and wants, and the various factors that may influence them when making decisions (making choices). Methods that help with these decisions, particularly for consumer and financial decisions, are considered (consumer and financial literacy).

Inquiry Questions

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


4 teaching resources for those 'aha' moments
  • teaching resource

    Build Your Own Theme Park – Project

    A project that gives students the opportunity to learn through building their own theme park.

    Teach Starter Publishing 17 pages Years: 4 - 6
  • teaching resource

    Student Lunch Box Audit Worksheet

    An investigation that will have students calculating the waste produced from their lunch boxes, creating a plan of action to reduce their waste and reflecting on their results.

    Teach Starter Publishing 6 pages Years: 4 - 6
  • teaching resource

    Classroom Energy Audit Worksheet

    An investigation that will have students observing the energy usage in their classroom and proposing action to reduce energy waste.

    Teach Starter Publishing 3 pages Years: 4 - 6
  • lesson plan

    Gold – Defining It

    A 60-minute lesson in which students will learn what gold is and how it helped shape the currency we use today.

    Teach Starter Publishing 1 page Year: 5 60 mins Has Starter Sheet