Be Moneysmart (Module 4): Debt management

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)

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)

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