IRENE MCCORMACK CATHOLIC COLLEGE SOCIAL SCIENCE YEAR 7 ECONOMICS COURSE 2 PROGRAM TERM 4 2018 OVERVIEW: In Year 7, Humanities and Social Sciences consists of Civics and Citizenship, Economics and Business, Geography and History. In Economics, an understanding of the concepts making choices and allocation is further developed through a focus on the of consumers and in the market, the characteristics of successful businesses, including how and entrepreneurial behaviour contributes to business success. Work and work futures are introduced, as students consider why people work. Students focus on national issues, with opportunities for the concepts to also be considered in relation to or global issues where appropriate. WEEK WA CURRICULUM CONTENT DESCRIPTION LESSON TOPICS ASSESSMENT TASKS 1 How consumers rely on businesses to meet their and () The difference between needs and wants The difference between goods and services Barter and trade – Kingdom of Mocha Define barter, trade, market, money 2 How consumers rely on businesses to meet their and () Factors of Production – land, labour, capital and enterprise Describes the Economic Problem – create your own comic 3 Why businesses might set a certain price for a product and how they might adjust the price according to () How businesses respond to the demands of consumers (ACHEK017) Identifies current consumer trends – healthy lifestyle, environmentally friendly products, organic products Describes the recommended retail price 4 Why individuals work (e.g. earning an income, contributing to an individual's self-esteem, material and , happiness) () Different types of work (e.g. full-time, part-time, casual, at home, paid, unpaid, ) () Definition of work and income Describes why people work Identifies the different types of work that can be undertaken 5 How people derive an income and alternative sources of income (e.g. Identifies the different types of ways to earn an income
owning a business, a shareholder, owning a rental service) () The ways people who have retired from employment earn an income (e.g. age pension, superannuation, private savings) () Definition of superannuation and explanation of how this generates income retirement 6 Characteristics of entrepreneurs, including the behaviours and skills they to their businesses (e.g. establishing a shared vision; and demonstrating initiative, and () Definition of an Entrepreneur Key skills and behaviours entrepreneurs have List some benefits of entreprenual activity Case studies of successful entrepreneurs – Walt Disney 7 Characteristics of entrepreneurs, including the behaviours and skills they bring to their businesses (e.g. establishing a shared vision; and demonstrating initiative, and () Students to begin research and planning of assignment task. WHO WANTS TO BE AN ENTREPRENEUR ASSIGNMENT DUE END OF WEEK 8 8 Characteristics of entrepreneurs, including the behaviours and skills they bring to their businesses (e.g. establishing a shared vision; and demonstrating initiative, and () Students to design and construct assignment task. WHO WANTS TO BE AN ENTREPRENEUR ASSIGNMENT DUE END OF WEEK 8 9 Characteristics of entrepreneurs, including the behaviours and skills they bring to their businesses (e.g. establishing a shared vision; and demonstrating initiative, and () Students to evaluate each assignment tasks. Exam Revision 10 REVISION OF ALL CONTENT Exam Revision END OF YEAR EXAM