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Year level 9-VET Young adults Economics and business Mathematics Work Studies
Students compare debt products, learn to manage credit cards and find out what to do if debt becomes a problem.
Note: Visit the Be Moneysmart resource page for the Educator Guide.
Learning outcomes
Students:
- compare debt products
- manage credit cards
- know what to do if debt becomes a problem.
Students work through Module 4 online and explore issues related to debt management using three case studies (Sally, Bec and Will) and some activities from the Student Workbook. The case studies touch on a variety of debt positions and problems and facilitate an appreciation amongst students of the importance in managing debt.
Curriculum alignment
Year 9
Learning area: Mathematics
Content descriptions
Strand: Number and Algebra
- Money and financial mathematics
- Solve problems involving simple interest (ACMNA211)
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
- Generate a range of viable options in response to an economic or business issue or event, use cost-benefit analysis and appropriate criteria to recommend and justify a course of action and predict the potential consequences of the proposed action (ACHES046)
- Apply economics and business knowledge, skills and concepts in familiar, new and hypothetical situations (ACHES047)
- Sub-strand: Communication and reflection
- Present reasoned arguments and evidence-based conclusions in a range of appropriate formats using economics and business conventions, language and concepts (ACHES048)
- 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: Mathematics
Content descriptions
Strand: Number and Algebra
- Money and financial mathematics
- Connect the compound interest formula to repeated applications of simple interest using appropriate digital technologies (ACMNA229)
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
- Generate a range of viable options in response to an economic or business issue or event, use cost-benefit analysis and appropriate criteria to recommend and justify a course of action and predict the potential consequences of the proposed action (ACHES058)
- Apply economics and business knowledge, skills and concepts in familiar, new and hypothetical situations (ACHES059)
- Sub-strand: Communication and reflection
- Present reasoned arguments and evidence-based conclusions in a range of appropriate formats using economics and business conventions, language and concepts (ACHES060)
- 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:
- use advanced search tools and techniques or simulations and digital models to locate or generate precise data and information that supports the development of new understandings
- 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
- assess risks and explain contingencies, taking account of a range of perspectives, when seeking solutions and putting complex ideas into action
- identify, plan and justify transference of knowledge to new contexts
- analyse reasoning used in finding and applying solutions, and in choice of resources
- evaluate the effectiveness of ideas, products and performances and implement courses of action to achieve desired outcomes against criteria they have identified
- use logical and abstract thinking to analyse and synthesise complex information to inform a course of action
- Personal and Social Capability:
- assess their strengths and challenges and devise personally appropriate strategies to achieve future success
- 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