IRENE MCCORMACK CATHOLIC COLLEGE SOCIAL SCIENCE YEAR 10 COURSE 2 ECONOMICS PROGRAM 2018 OVERVIEW: In Year 10 Humanities and Social Sciences consists of Civics and Citizenship, Economics and Business, Geography and History. In Year 10, students will study these on a rotational basis spending 8 weeks on each topic with a specialist teacher during Terms 1-3. In Term 4, all students will study the History World War Two topic. Students develop increasing independence in critical thinking and skill application, which includes questioning, researching, analysing, evaluating, communicating and reflecting. They apply these skills to investigate events, developments, issues and phenomena, both historical and contemporary. In Economics, students are introduced to the concepts of and while continuing to further their understanding of the key concepts of , making choices, , and allocation and markets. They examine the connections between consumers, businesses and , both within Australia and with other countries, through the flow of , and resources in a global . The roles and responsibilities of the participants in the changing Australian and global workplace are explored. WEEK WA CURRICULUM CONTENT DESCRIPTION LESSON TOPICS ASSESSMENT TASKS 1 Factors that influence major consumer financial decisions (e.g. price, availability and cost of finance, marketing of products, age and gender of consumers, convenience, ethical and environmental considerations) and the short-term and long-term consequences of these decisions () Define opportunity cost. Undertsand the concept of consumerism and factors infleucing consumers. Major consumer purchases: buying your fist car. Students can define the law of demand, law of supply and equilibrium price. Students can draw a demand and supply graph. 2 Ways that businesses respond to improved economic conditions () The ways businesses organise themselves to improve (e.g. provision of training, investment in applications of technology, use of ) () Students are to understand how businesses respond to the three fundamental economic questions. Students can define productivity and understand how businesses can improve productivity through investment in technology and the provision of education and training. 3 - 4 The links between and , the variations that exist within and between economies and the possible causes () Factors that influence major consumer financial decisions (). Students to understand how Sweat Shops operate to produce consumer goods and the ethical implications of this. Students to define ethical consumerism. Nike case study Rana Plaza collapse case study ASSESSMENT: Ethical Consumerism Essay scaffold permitted
Ways that businesses respond to improved economic conditions () Students can explain how consumers, producers and government can work together to improve working conditions in the developing countires. 5 Indicators of (e.g. rates, unemployment , inflation rates, , , sustainability indexes) and how Australia's is performing () Label and explain the business cycle Students to define economic growth and understand how this is measured and what constitutes optimal growth. Students to define of unemployment and explain causes of these. 6 Indicators of (e.g. rates, unemployment , inflation rates, , , sustainability indexes) and how Australia's is performing (). Students to define inflation and explain how the two types of inflation are caused. Students to explain economic performance links to living standards and why these vary across the world. 7 The ways that governments manage the to improve and (e.g. policy, training and workforce policy, migration), and to minimise the effects of externalities (e.g. regulation) () Students to understand the role of the government in an economy and how Monetary and Fiscal policy are used to manage the economy. Students can explain the impact of expansionary and contractionary monetary and fiscal policy stances. 8 Students create a website on how the Australian economy can be measured using the economic indicators of growth, unemployment and inflation. Students must draw a conclusion as to which phase of the business cycle Australia is currently experiencing and justify their response. ASSESSMENT: Website on the measrument of the Australian economy