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Descriptors›Humanities and Social Sciences›Year 7›Knowledge and understanding›Economics and Business›AC9HE7K05
AC9HE7K05: Year 7 Humanities and Social Sciences Content Descriptor – Economics and Business
AC9HE7K05 Year 7 Humanities and Social Sciences

AC9HE7K05 – Year 7 Humanities and Social Sciences: Economics and Business

Strand
Knowledge and understanding
Substrand
Economics and Business

This Content Descriptor from Year 7 Humanities and Social Sciences provides the specific knowledge and skills students should learn. Use it to plan lessons, create learning sequences, and design assessments that align with the Australian Curriculum v9.

Content Descriptor

the rights and responsibilities of individuals and businesses in relation to consumer and financial products and services

Elaborations

  • • distinguishing the difference between rights and responsibilities, and creating a list of the rights and responsibilities of individuals and businesses
  • • explaining the rights of individuals and businesses in relation to consumer and financial products and services; for example, warranties, cooling-off periods and processes for returning goods
  • • discussing the responsibilities of businesses in relation to consumer and financial products and services, such as the role of mandatory and voluntary standards, and product safety recalls
  • • explaining the importance of developing personal or business budgets or savings plans before making decisions in relation to consumer and financial products and services

Achievement Standard This Supports

This Content Descriptor contributes to the following Achievement Standard:

Year 7 ASHASECOY7
Year 7 Humanities and Social Sciences Achievement Standard
By the end of Year 7, students describe how decisions are made to allocate limited resources to individuals and communities in an economy. They describe the reasons businesses exist and types of businesses, and identify how entrepreneurial characteristics contribute to the success of a business. They describe the reasons individuals choose to work, how they may derive an income and the types of work that exist. Students identify the rights and responsibilities of individuals and businesses in terms of products and services. Students develop questions to investigate an economic and business issue. They locate, select and organise data and information from sources. They interpret information and data to identify economic and business issues, trends or effects. They develop a response and identify potential costs and benefits. Students use economic and business knowledge, concepts, terms and sources to create descriptions and explanations.