20602_AC_Economics_and_buisness_Year_6_Making_choices_about_resources

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Resource allocation on a national level – 4 Imagine you are a primary school teacher working in a country where the government decides to cut funding to schools. It claims that its budget needs to be used for universities instead. Some of the things it decides to change to reduce costs in schools are: • more students in classrooms and fewer teachers • no more upgrades to computers • no more teaching assistants to help with special needs students • stopping music, art and PE lessons • stopping the installation of heating and cooling systems in classrooms • no more grants to help school families who struggle to buy uniforms and school books You are angry about these changes as you feel universities are already well-funded. You decide to write a protest email to the government. Choose three of the funding cuts listed above to write about. For each one, explain why you think this funding cut is a bad idea and why the funding should be given to schools rather than universities. 1. Use the template below to help you plan your letter. Introduction: (Explain why you are writing.) Body: Paragraph 1: (Discuss your first funding cut choice, giving reasons for your protest.) Paragraph 2: (Discuss your second funding cut choice, giving reasons for your protest.) Paragraph 3: (Discuss your third funding cut choice, giving reasons for your protest.) Conclusion: (End with a strong statement about why you are angry and what you expect the government to do.) 2. Use your plan to write your email on a separate piece of paper. 20 Australian Curriculum Economics and business (Year 6) www.ricpublications.com.au R.I.C. Publications ®
Assessment – 1 Answer the questions about resources, trade-offs and opportunity cost. 1. Complete these sentences. (a) A trade-off is made when . (b) When you make a choice about how to spend your time or money, the value of the next best alternative is called . 2. Give an example of a time when you made a decision that involved a trade-off. Explain the opportunity cost that occurred. 3. Answer the questions about the scenario below. Imagine a kitchenware business wants to make its shop look more appealing. It is trying to decide whether to spend money on new lighting or new display tables. The current lighting is a little dull but works perfectly. The current display tables are rickety. One recently collapsed and almost injured a customer. (a) What is the opportunity cost of choosing not to replace the tables? (b) What is the opportunity cost of choosing not to replace the lighting? (c) What do you think the business’s priority should be? Why? 4. What is a resource? 5. Give two examples of each type of resource a café might use. Natural Human Capital R.I.C. Publications ® www.ricpublications.com.au Australian Curriculum Economics and business (Year 6) 21
Page 2 and 3: Australian Curriculum Economics and
Page 4 and 5: Teachers notes The core of Australi
Page 6 and 7: Differentiation strategies Many of
Page 8 and 9: Glossary Budget an estimate of inco
Page 10 and 11: HASS Inquiry and skills Questioning
Page 12 and 13: HASS Concepts of interdisciplinary
Page 14 and 15: HASS Achievement standards Knowledg
Page 16 and 17: Trade-offs and the cost of lost opp
Page 24 and 25: Resource decisions How the concept
Page 26 and 27: Resource decisions - 2 Read the tex
Page 28 and 29: Resource decisions - 4 Palm oil is
Page 30 and 31: Resource allocation on a national l
Page 32 and 33: Resource allocation on a national l
Page 36 and 37: Assessment - 2 1. Define scarcity.
Page 38: Answers Page 4 1. A trade-off is ma

20602_AC_Economics_and_buisness_Year_6_Making_choices_about_resources

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