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Economics and business classroom teaching resources

Australian Curriculum Teaching Resources

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?

(source: www.australiancurriculum.edu.au)