Be Moneysmart (Module 3): Superannuation

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Year level 9-VET Young adults Economics and business Work Studies

Launch digiactivity

Students compare super funds, work through a super statement and learn how to keep track of their super.

Learning outcomes

Students:

Students work through Module 3 online and explore the key issues relating to superannuation in Australia using two case studies (John and Sally) and some activities from the Student Workbook. This module uses the straightforward approach that super is simply saving for the future and uses case studies to get students thinking about what their life will be like in 40 years time with and without savings.

Curriculum alignment

Year 9

Learning area: Economics and Business

Content descriptions

Strand: Knowledge and Understanding

  • Why and how people manage financial risks and rewards in the current Australian and global financial landscape (ACHEK040)

Strand: Economics and Business Skills

  • Sub-strand: Questioning and research
    • Gather relevant and reliable data and information from a range of digital, online and print sources (ACHES044)
  • Sub-strand: Interpretation and analysis
    • Analyse data and information in different formats to explain cause-and-effect relationships, make predictions and illustrate alternative perspectives (ACHES045)
  • Sub-strand: Economic reasoning , decision-making and application
    • Apply economics and business knowledge, skills and concepts in familiar, new and hypothetical situations (ACHES047)
  • Sub-strand: Communication and reflection
    • Reflect on the intended and unintended consequences of economic and business decisions (ACHES049)

Learning area: Work Studies

Content descriptions

Strand: Skills for learning and work

  • Sub-strand: Learning to learn
    • Plan and implement strategies and processes to improve their learning and enhance the potential to realise their aspirations and personal wellbeing (ACWSCL005)

Strand: Career and life design skills

  • Sub-strand: Career development and management
    • Recognise the importance of self-awareness in career and life design (ACWSCL013)

Year 10

Learning area: Economics and Business

Content descriptions

Strand: Knowledge and Understanding

  • Factors that influence major consumer and financial decisions and the short- and long-term consequences of these decisions (ACHEK053)

Strand: Economics and Business Skills

  • Sub-strand: Questioning and research
    • Gather relevant and reliable data and information from a range of digital, online and print sources (ACHES056)
  • Sub-strand: Interpretation and analysis
    • Analyse data and information in different formats to explain cause-and-effect relationships, make predictions and illustrate alternative perspectives (ACHES057)
  • Sub-strand: Economic reasoning, decision-making and application
    • Apply economics and business knowledge, skills and concepts in familiar, new and hypothetical situations (ACHES059)
  • Sub-strand: Communication and reflection
    • Reflect on the intended and unintended consequences of economic and business decisions (ACHES061)

Learning area: Work Studies

Content descriptions

Strand: Skills for learning and work

  • Sub-strand: Learning to learn
    • Focus their learning strategies on personal and work-related aspirations (ACWSCL024)

General capabilities

Level 6: Typically, by the end of Year 10, students:

  • Literacy:
    • navigate, read and view a wide range of more demanding subject- specific texts with an extensive range of graphic representations
    • listen to a range of extended spoken and audio texts and respond to, interpret and evaluate ideas, information and opinions
    • interpret and evaluate information within and between texts, comparing and contrasting information using comprehension strategies
    • use comprehensive knowledge of the structure and features of learning area texts to comprehend and compose complex texts in innovative ways, using conventions for citing others
  • Numeracy:
    • solve and model problems involving complex data by estimating and calculating using a variety of efficient mental, written and digital strategies
    • evaluate financial plans to support specific financial goals
    • solve problems involving fractions, decimals, percentages, ratios and rates
  • ICT:
    • select and use ICT to articulate ideas and concepts, and plan the development of complex solutions
    • select and use a range of ICT tools efficiently and safely to share and exchange information, and to collaboratively and purposefully construct knowledge
  • Critical and Creative Thinking:
    • clarify complex information and ideas drawn from a range of sources
    • identify, plan and justify transference of knowledge to new contexts
    • evaluate the effectiveness of ideas, products and performances and implement courses of action to achieve desired outcomes against criteria they have identified
  • Personal and Social Capability:
    • assess their strengths and challenges and devise personally appropriate strategies to achieve future success
    • critically analyse self- discipline strategies and personal goals and consider their application in social and work-related contexts
    • establish personal priorities, manage resources effectively and demonstrate initiative to achieve personal goals and learning outcomes
    • develop and apply criteria to evaluate the outcomes of individual and group decisions and analyse the consequences of their decision making