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Economics and Business · Year 10 · Ready-made course
How the Australian Economy Works
Four Year 10 Economics and Business lessons: measuring how healthy Australia's economy is, how government manages the economy, how growth and jobs shape living standards, and smart financial decisions including superannuation. Students work with economic indicators in guided TEU investigations.
Year 10Economics and Business4 lessonsAbout 3 hours 20 min of teachingAustralian Curriculum v9
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Copy it into your account, change anything you like, and share it with your class using a class code or your LMS. Free for 30 days.
What's in the course
Across 4 lessons: 4 interactive activities, 4 knowledge checks, 2 practice tasks, 4 reflections and 7 data tables, using 4 different TEU interactives. Every lesson opens with a real question or scenario, states its learning intention, lists its learning outcomes and checks understanding with instant feedback.
Lessons in teaching order
- 01
How Healthy Is Australia’s Economy?
Can an economy grow while some households feel worse off? Australia’s economy has several vital signs, and no single number tells the whole story.
Students learn to interpret key economic indicators and explain how they influence economic decisions.
Students will be able to- Explain what GDP growth, inflation and unemployment measure
- Interpret economic indicators to identify trends and limitations
- Recommend which economic issue needs attention using evidence
In this lesson1 interactive activity · 1 knowledge check · 1 reflection · 2 data tables
InteractivesEconomy ExplorerCurriculumAC9HE10K01AC9HE10S03 - 02
How Does Government Manage the Economy?
A government has a limited budget and competing goals: stable prices, jobs, growth and services. How should it choose?
Students learn to evaluate ways government can intervene to improve economic performance and living standards.
Students will be able to- Explain how taxation and government spending affect the economy
- Compare the benefits and costs of policy options
- Justify a policy recommendation for economic performance and living standards
In this lesson1 interactive activity · 1 knowledge check · 1 practice task · 1 reflection · 1 data table
InteractivesCurriculumAC9HE10K02AC9HE10S04 - 03
Growth, Jobs and Living Standards
Two households can live in the same growing economy yet experience very different opportunities. What explains the difference?
Students learn to connect employment, income and access to services with living standards.
Students will be able to- Explain why economic growth and living standards are not identical
- Investigate how changes in a labour market affect employment and wages
- Suggest a policy response to unequal opportunities
In this lesson1 interactive activity · 1 knowledge check · 1 reflection · 2 data tables
InteractivesCurriculumAC9HE10K01AC9HE10K02AC9HE10S03 - 04
Smart Financial Decisions and Superannuation
Buy now, save first or borrow? The price on the label is not always the full cost of a financial decision.
Students learn to compare the consequences of consumer choices and explain why superannuation matters over a working life.
Students will be able to- Analyse influences on major financial decisions
- Compare immediate and longer-term costs of borrowing and saving
- Explain the purpose of superannuation and its long-term effects
In this lesson1 interactive activity · 1 knowledge check · 1 practice task · 1 reflection · 2 data tables
InteractivesCurriculumAC9HE10K03AC9HE10K04AC9HE10S04
Curriculum alignment
Australian Curriculum v9
- AC9HE10K01: how and why the economic indicators influence economic decision-making
- AC9HE10K02: the ways that government intervenes in the economy to improve economic performance and living...
- AC9HE10K03: factors that influence major consumer and financial decisions, and the short- and long-term consequences of these decisions
- AC9HE10K04: the importance of Australia's superannuation system and how this system affects consumer and financial decision making
- AC9HE10S03: interpret data, explain issues and cause-and-effect, and predict consumer and financial impacts
- AC9HE10S04: develop and evaluate a response to an issue using cost-benefit analysis or criteria
Interactives used in this course
Each one can also be used on its own or in your own lessons.
Adapt it for your classes
Every copy of a course is yours. Reorder or remove lessons, rewrite text, swap questions and add your own interactives, images and video. Students join with a class code (no student accounts needed) or from Canvas, Moodle, Schoolbox or Brightspace, and you see each student's answers and progress as they work.
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