Year 5 Economics and Business standard elaborations DRAFT A B C D E The folio of student work has the following characteristics: Understanding and skills dimensions Knowledge and understanding comprehensive description between needs and wants and recognition that choices need to be made when allocating resources detailed description between needs and wants and recognition that choices need to be made when allocating resources description of needs and wants and recognition that choices need to be made when allocating resources identification of needs and wants and recognition that choices need to be made when allocating resources statements about needs and wants and allocating resources identification and explanation of individual strategies that can be used to make informed consumer and financial choices and recognition that consumer choices are influenced by a range of factors identification and description of individual strategies that can be used to make informed consumer and financial choices and recognition that consumer choices are influenced by a range of factors identification of individual strategies that can be used to make informed consumer and financial choices and recognition that consumer choices are influenced by a range of factors identification of aspects of individual strategies that can be used to make consumer and financial choices and recognition that consumer choices are influenced by a range of factors statements about individual strategies that can be used to make consumer and financial choices and consumer choices Questioning and researching development of questions about an economics or business issue or event and considered use of data and information from different sources to effectively answer these questions development of questions about an economics or business issue or event and informed use of data and information from different sources to effectively answer these questions development of questions about an economics or business issue or event and use of data and information from different sources to answer these questions development of questions that relate to an economics or business issue or event and use of aspects of data and information to answer aspects of these questions use of questions and use of aspects of data and information to answer aspects of these questions
Understanding and skills dimensions Analysing and interpreting response to an issue and considered application of economics and business skills to everyday problems response to an issue and informed application of economics and business skills to everyday problems response to an issue and application of economics and business skills to everyday problems response to an issue and application of aspects of economics and business skills to everyday problems statements about a response to an issue and use of aspects of economics and business skills Communicating purposeful presentation of findings using relevant economics and business terms. effective presentation of findings using relevant economics and business terms. presentation of findings using economics and business terms. partial presentation of findings using everyday language. fragmented presentation of findings using everyday language. Key Shading emphasises the key aspects of the achievement standard and qualities that discriminate between the A–E descriptors. Key terms are described overleaf.