Elaboration (3) ACHEK051
investigating the ways living standards can be measured (for example, gross domestic product (GDP), Human Development Index (HDI) or total quality of life index)
Elaboration (3) | ACHEK051 | Content Descriptions | Year 10 | Economics and Business | Humanities and Social Sciences | F-10 curriculum
Elaboration (4) ACHEK051
investigating the ways in which income and wealth are distributed in the economy, using measures such as an income distribution histogram, the Lorenz curve or the Gini coefficient
Elaboration (4) | ACHEK051 | Content Descriptions | Year 10 | Economics and Business | Humanities and Social Sciences | F-10 curriculum
Elaboration (2) ACHEK052
investigating how Australia supports economic growth in the Asia region through participating in the Asia-Pacific Economic Cooperation (APEC) forum
Elaboration (2) | ACHEK052 | Content Descriptions | Year 10 | Economics and Business | Humanities and Social Sciences | F-10 curriculum
Elaboration (5) ACHEK054
investigating ways that businesses have responded to improving economic conditions (for example, increasing their research and development funding to create innovative products, adjusting marketing strategies to expand their market share, upskilling their …
Elaboration (5) | ACHEK054 | Content Descriptions | Year 10 | Economics and Business | Humanities and Social Sciences | F-10 curriculum
Elaboration (1) ACHES057
interpreting a range of measures of economic performance and standards of living to identify differences within and between economies
Elaboration (1) | ACHES057 | Content Descriptions | Year 10 | Economics and Business | Humanities and Social Sciences | F-10 curriculum
Elaboration (1) ACHES058
examining the trade-offs businesses may need to consider when determining methods to improve their productivity (for example, employing more staff compared with upskilling existing staff)
Elaboration (1) | ACHES058 | Content Descriptions | Year 10 | Economics and Business | Humanities and Social Sciences | F-10 curriculum
Elaboration ACHES043
establishing questions and/or hypotheses to form the basis of an investigation into a selected issue or event (for example, by asking questions about why it is increasingly important for businesses to seek a competitive advantage or establishing a hypothesis …
Elaboration | ACHES043 | Content Descriptions | Year 9 | Economics and Business | Humanities and Social Sciences | F-10 curriculum
Elaboration (1) ACHES043
devising the steps needed for an investigation and modifying the questions and the plan to respond to changing circumstances
Elaboration (1) | ACHES043 | Content Descriptions | Year 9 | Economics and Business | Humanities and Social Sciences | F-10 curriculum
Elaboration ACHES055
establishing questions to form the basis of an economic or business investigation into an issue or event, such as ‘Why do standards of living differ within an economy?’, or formulating a hypothesis such as ‘Responding to an upswing in the economy with …
Elaboration | ACHES055 | Content Descriptions | Year 10 | Economics and Business | Humanities and Social Sciences | F-10 curriculum
Elaboration (2) ACHEK017
exploring why businesses might set a certain price for a product (for example, because that’s what they think consumers will pay) and how they might adjust the price according to demand
Elaboration (2) | ACHEK017 | Content Descriptions | Year 7 | Economics and Business | Humanities and Social Sciences | F-10 curriculum
Elaboration (1) ACHEK020
exploring different types of work such as full-time, part-time, casual, at home, paid, unpaid, unrecognised, volunteer
Elaboration (1) | ACHEK020 | Content Descriptions | Year 7 | Economics and Business | Humanities and Social Sciences | F-10 curriculum
Elaboration (1) ACHES021
identifying the steps needed for an investigation and the resources needed
Elaboration (1) | ACHES021 | Content Descriptions | Year 7 | Economics and Business | Humanities and Social Sciences | F-10 curriculum
Elaboration ACHEK030
comparing different forms of business ownership (for example, sole proprietorship, partnership, corporation, cooperative, franchise)
Elaboration | ACHEK030 | Content Descriptions | Year 8 | Economics and Business | Humanities and Social Sciences | F-10 curriculum
Elaboration (2) ACHEK030
exploring different external factors that influence business opportunities, such as government and government policy, competitors in the market, demographics, technological innovations in production processes and product design, economic conditions, globalisation, …
Elaboration (2) | ACHEK030 | Content Descriptions | Year 8 | Economics and Business | Humanities and Social Sciences | F-10 curriculum
Elaboration (4) ACHEK040
identifying ways consumers can protect themselves from risks (for example, through setting financial goals, insurances, savings, investments, diversification, scam avoidance and superannuation)
Elaboration (4) | ACHEK040 | Content Descriptions | Year 9 | Economics and Business | Humanities and Social Sciences | F-10 curriculum
Elaboration (3) ACHEK018
exploring ways that businesses manage finances and plan in the short- and long-term to achieve organisational and financial objectives (for example, by developing a business plan or borrowing to invest in the business)
Elaboration (3) | ACHEK018 | Content Descriptions | Year 7 | Economics and Business | Humanities and Social Sciences | F-10 curriculum
Elaboration ACHES022
identifying sources of data and information (for example, Australian Bureau of Statistics for information on types of employment (full-time, part-time, casual))
Elaboration | ACHES022 | Content Descriptions | Year 7 | Economics and Business | Humanities and Social Sciences | F-10 curriculum
Elaboration ACHEK027
identifying who is involved in the market system in Australia and explaining how the market operates through the interactions of the participants (for example, household, business, finance, and government sectors)
Elaboration | ACHEK027 | Content Descriptions | Year 8 | Economics and Business | Humanities and Social Sciences | F-10 curriculum
Elaboration (1) ACHEK027
identifying different types of markets that operate in Australia such as retail markets, labour markets, financial markets, stock markets
Elaboration (1) | ACHEK027 | Content Descriptions | Year 8 | Economics and Business | Humanities and Social Sciences | F-10 curriculum
Elaboration (3) ACHEK030
identifying examples of the different ways businesses respond to opportunities in the market (for example, developing a new product to satisfy demand, changing the way they deliver their products or services to consumers)
Elaboration (3) | ACHEK030 | Content Descriptions | Year 8 | Economics and Business | Humanities and Social Sciences | F-10 curriculum