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 theinterdependenceof consumers andproducersin the market, the characteristics of successful businesses, including howspecialisationand 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 tolocalcommunityor global issues where appropriate.

WEEK / WA CURRICULUM CONTENT DESCRIPTION / LESSON TOPICS / ASSESSMENT TASKS
1 / How consumers rely on businesses to meet theirneedsandwants
(ACHEK017) / 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 theirneedsandwants(ACHEK017) / 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 todemand(ACHEK017)
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 non-materialliving standards, happiness) (ACHEK020)
Different types of work (e.g. full-time, part-time, casual, at home, paid, unpaid,volunteer) (ACHEK020) / 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. owning a business, being a shareholder, owning a rental service) (ACHEK020)
The ways people who have retired from employment earn an income (e.g. age pension, superannuation, private savings) (ACHEK020) / Identifies the different types of ways to earn an income
Definition of superannuation and explanation of how this generates income after retirement
6 / Characteristics of entrepreneurs, including the behaviours and skills they bring to their businesses (e.g. establishing a shared vision; and demonstrating initiative,innovationandenterprise (ACHEK019) / 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,innovationandenterprise (ACHEK019) / 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,innovationandenterprise (ACHEK019) / 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,innovationandenterprise (ACHEK019) / Students to evaluate each other’s assignment tasks.
Exam Revision
10 / REVISION OF ALL CONTENT / Exam Revision / END OF YEAR EXAM