Starting a small business (Starter pack)

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)
• The nature of innovation and how and why businesses seek to create and maintain a competitive advantage in the market, including the global market (ACHEK041)

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
  • 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)
• Sub-strand: Entrepreneurial behaviours
  • Identify types of entrepreneurial behaviours and their opportunities for application to 21st century work and enterprise (ACWSCL010)
  • Explain how the application of entrepreneurial behaviours can address a range of work and community challenges and provide benefits personally and to the community (ACWSCL011)

Strand: Career and life design

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

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)
• The ways businesses respond to changing economic conditions and improve productivity through organisational management and workforce management (ACHEK054)

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
  • 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
  • Assess the value of self-directed and lifelong learning in responding to changes and challenges in circumstances (ACWSCL022)
• Sub-strand: Entrepreneurial behaviours
  • Assess the benefits of developing an ‘entrepreneurial mindset’ and its relevance to 21st century work and enterprise (ACWSCL029)

Strand: Career and life design

• Sub-strand: Career development and management
  • Apply knowledge of self to career decision-making processes (ACWSCL032)

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
  • 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
• ICT
  • select and use a range of ICT tools efficiently and safely to share and exchange information, and to collaboratively and purposefully construct knowledge
• Creative and Critical 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
• Personal and Social Capability
  • assess their strengths and challenges and devise personally appropriate strategies to achieve future success
  • reflect on feedback from peers, teachers and other adults, to analyse personal characteristics and skill sets that contribute to or limit their personal and social capability