Economics Year 10 Term 4 2014
The Year 10 curriculum gives students the opportunity to further develop their understanding of economics and business concepts by
considering Australia’s economic performance and standard of living. The ways governments manage the economy to improve living
standards is explored, along with the reasons why economic performance and living standards differ within and between economies.
Students explore the nature of externalities and why the government intervenes to ensure that prices reflect the depletion of resources
or costs to society. Students examine the consequences of decisions and the responses of business to changing economic conditions,
including the way they manage their workforce.
Week
Key questions/activities
Resources
Australian Curriculum
Economics Course Introduction
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Week 1
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What do the students know/understand about economics brainstorm ideas onto the
board.
Show and discuss YouTube clips. Clip 1 & 2: Students define economics, scarcity
and resource.
Give out glossary of 35 terms students can begin to research and define these terms.
Students can finish off 5 terms per night for homework until it’s complete.
Economic Problem / Resources
Week 2
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Show YouTube Clip 4. Students take notes and discuss.
Students read worksheet 1 and complete questions 1 – 4.
Introduce the idea that needs and wants are dependent on resources.
Study the cartoon on the worksheet economic resources.
Discuss the main idea of the economic problem - and why wants are unlimited.
Students complete the exercise on goods and services – check understanding as a
class.
Students are to read and explain the 4 main categories of resources.
Examine the idea of limited and unlimited resources - students to research what are
limited and unlimited resources - ask them to try and record 10 examples for each.
https://www.youtube.com/wat
ch?v=nWPrMmv1Tis
https://www.youtube.com/wat
ch?v=2YULdjmg3o0
https://www.youtube.com/wat
ch?v=dxPVyieptwA
https://www.youtube.com/wat
ch?v=l3-BtyLHkZw
Worksheet 1: Humanities Alive
Economics & Citizenship pg 58
Worksheet: Economic
Resources
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Week 3
Finally students complete summary exercise on the resources worksheet.
Homework task: Collage on 4 types of resources.
Introduce the idea of consumer behaviour through the example of AFL collector cards.
Check the understanding of the class in relation to the ideas and terms covered.
Students to complete questions 1-6 in their workbooks.
The students are to select four products to purchase i.e fridge freezer/car.
Using the internet they are to search for the item and record the four lowest price it can be
bought for.
Students are to record the information in a table, example below:
Search clickview for the video - The Nature of Economics
This Video runs for approximately 25mins - with discussion at a few points and note taking
this will take the lesson.
Castaway
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Watch YouTube Clip 5: discuss the opportunity cost of decision students have
made in their life.
Watch the film castaway and complete work booklet.
https://www.youtube.com/wat
ch?v=NwOYLV-L7pc
Film: Castaway
Castaway Work Booklet
Assessment 1: Economic Definitions Cloze Quiz 10%
Week 4
Demand & Supply
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Show Demand & Supply PowerPoint. Students are take notes on the law of supply
and demand as well as the factors that affect each.
Students complete Supply & Demand Worksheet using their notes from the
PowerPoint.
Clown vs Butterflies Game: Students get into groups of 4 and are given 5 coloured
pencils, a sharpener and scissors. Give students 10 minuets to colour and cut out the
clown faces & butterflies they must work individually and only use the resources
available. Record results on board. Give students another 10 minuets to colour and
cut out the clown faces & butterflies they may now work together but must use the
Supply & Demand PowerPoint
Supply & Demand Worksheet
https://www.youtube.com/wat
ch?v=kmjzgB_tUJ8
Graph Paper
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ACHES055
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Week 5
Consumerism / Business
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Week
6/7
same resources.
Record results on board and discuss the benefits of working collaboratively.
Discuss the opportunity cost of producing more clowns than butterflies and vice
versa.
Watch YouTube clip 6: Students will see how a PPC curve is drawn
Teacher uses the Clown Vs Butterflies game results to help students construct a
PPC curve.
Read Types of business worksheet and answer questions 1 – 7. Discuss as a class.
Read Investing in Shares worksheet and answer questions 1 – 7. Discuss as a class
Read Export Markets worksheet. Discuss the wiggles case study as a class. Answer
questions 1 – 5.
Case Study iron ore boom & steel prices BlueScope distribution news article
analysis and guest speaker.
Revision
Assessment 2: Mid Term Topic Test 20%
Types of business worksheet:
SOSE Alive 4 pg 194/195
Investing in Shares: Humanities
alive economics & citizenship
pg 18 & 19.
Export Markets: Humanities
ALIVE economics & citizenship
pg 94 & 95.
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Ethical Business
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Ask the students to define Ethical and write the answer on the worksheet - ask for
answers.
What do they think the terms ethical economics or ethical consumer means? –
Discuss
Read Nestle case study (pg 236 – 237 SOSE 4) and complete questions 1-10.
Assessment: case study we will examine the Savar factory collapse in Bangladesh that
killed over 1000 people in 2013.
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Please discuss the attached power point with the students in regards to the collapse
Ask the students for their thoughts on the incident in Bangladesh
The students are to read the two articles provided on the worksheet and record their
thoughts.
The second half of the power point touches on the involvement of NIke and child
labour - this should spark a very interesting discussion.
The living wage is a movement in Asia to try to achieve a living wage for workers.
Look at the slides and then use the worksheet to further understand the idea students to complete the questions on the worksheet.
Students are to use the internet to find two images from sweatshops, then they are to
cut and paste these images onto the worksheet. Ask them to explain why they chose
these images by annotating them.
Ask the student to set up a folder on their desk top for SAE and save their
worksheet here.
Final task: Complete analysis questions and hand in along with own investigation
from below.
Homework discuss what they have learnt today with their parents
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Recap what is meant by an ethical consumer from the previous lesson.
Students are to work individually today to research an aspect of Ethical trading - they can
choose an aspect to research or select one of the following:
Sports Equipment, Products tested on animals (make-up), coffee,blood diamonds, elephant
poaching in Africa - this is very current, battery hens, child labour around the world.
Only allow five mins for them to select a topic in order to make a start on their work
They are to use the internet to find out information on their chosen topic - they need to look
at a minimum of four websites to find evidence to support the view of the sites - we need
facts and figures.
This information can be presented in a number of ways - persuasive speech that highlights
the problem, campaign poster to end the issue - completed on their computer or another
method.
The likelihood is this will be completed next lesson
Students are to complete task of presenting their research findings today - this should take
https://www.youtube.com/wat
ch?v=M5uYCWVfuPQ
Sweat Shop ppt
Ethical Economics worksheet
and assessment.
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Week
7/8
between 20-30mins.
Ask for volunteers to present,show discuss their issue with the rest of the class - encourage
questions from other students - aim for a minimum of three volunteers.
Summary - what have we learnt about Ethical Consumerism and what can we do to
influence/change it in future – Fair Trade: www.oxfam.org.au/education
Assessment 3: Ethical Business Case Study Analysis
- Monster Inc Film Study
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