AC9HE9S04 Year 9 Humanities and Social Sciences

This Content Descriptor from Year 9 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.

develop and evaluate a response to an economic and business issue, using cost-benefit analysis or criteria to decide on a course of action

Elaborations

• 1 applying strategies to mitigate risk in consumer and financial decision-making; for example, estimating monthly and annual costs of each option and considering ability to pay
• 2 examining why businesses may have to consider opportunity cost when deciding on a course of action; for example, an Australian bank may prioritise support for an existing business operating in local and global markets instead of supporting a new or emerging business
• 3 developing processes that consider the results of a cost-benefit analysis; for example, processes used by businesses to remain competitive in the global market
• 4 selecting and justifying a preferred response using criteria such as consideration of consumer and financial risk

Related Achievement Standards