AC9HE8K03 Year 8 Humanities and Social Sciences

AC9HE8K03 – Year 8 Humanities and Social Sciences: Economics and Business

Strand

Knowledge and understanding

Substrand

Economics and Business

This Content Descriptor from Year 8 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

how First Nations Australian businesses and entrepreneurs develop opportunities in the market

Elaborations

• investigating how First Nations Australian businesses and entrepreneurs establish partnerships or cooperatives to provide goods and services such as farming, fashion, design or tourism
• investigating how First Nations Australian communities participate in contemporary markets; for example, producing, buying and selling goods and services; approaches to marketing, employment and social contribution; and strategies to overcome difficulties in accessing markets
• investigating how First Nations Australian businesses and entrepreneurs use connection to, and responsibility for, Country/Place to make innovations in the production and distribution of goods and services; for example, medicines and food derived from the environment or cultural tourism

Achievement Standard This Supports

This Content Descriptor contributes to the following Achievement Standard:

Year 8 ASHASECOY8

Year 8 Humanities and Social Sciences Achievement Standard

By the end of Year 8, students explain how markets influence the allocation of resources to the production of goods and services. They explain ways that businesses adapt to opportunities in markets and respond to the work environment. They describe the importance of Australia’s taxation system and its effect on decision-making by individuals and businesses. Students explain why individuals and/or businesses budget and plan. Students develop a range of questions to investigate an economic and business issue. They locate, select and organise relevant information and data. They interpret information and data to identify economic and business issues and trends, and describe economic cause-and-effect relationships. They develop a response to an economic and business issue. They identify and evaluate potential costs and benefits. Students use economics and business knowledge, concepts, terms and research findings to create descriptions and explanations.