20602_AC_Economics_and_buisness_Year_6_Making_choices_about_resources

More documents

Recommendations

Info

Glossary Budget an estimate of income and a plan for spending it over a given time Business a commercial operation or company Carbon offset a program that reduces the carbon emissions of a business or other organisation Capital resource something that produces goods and services Charity a not-for-profit organisation that helps those in need Community a group of people living or working in a particular place or who have something particular in common Consumer people who purchase goods and services Consumer goods the final products used by a consumer Company a commercial organisation Deforestation the clearing or cutting down of trees in a large area Demand in economics, the desire of consumers for a product or service Economics the branch of knowledge dealing with the production, distribution, selling and purchasing of goods and services Economist someone who specialises in economics Economy referring to the activities to do with producing, distributing, selling and purchasing goods and services Ethical relating to moral standards For-profit a type of business that makes a profit and uses it for any purpose it chooses Financial related to money Greenhouse gas a gas, such as carbon dioxide, that contributes to the greenhouse effect Human resource involves the work, skills and abilities of people Landfill a site used for the disposal of waste Natural resource a resource found in nature Need things that help us survive (basic needs) or that keep us safe and healthy and feeling valued Not-for-profit a type of organisation that uses its profits to further the goals of the organisation Opportunity cost the value of the next best alternative when making a trade-off Organisation a group of people who work towards a shared purpose Partnership business a business run by a group of people who share ownership Primary industry an industry involved with growing and extracting raw materials from nature Private business a business owned by a private owner rather than a government Processed in the case of food, one that has had a deliberate change made to it before being made available for eating Producer goods goods that are used to make other goods Product an object that is made to be sold Quaternary industry an industry that provides information services Quinary industry an industry that provides services relating to wellbeing and care Ration A fixed amount of an item officially allowed to a person Recyclable able to be converted into a reusable item Scarcity when a product or service is scarce (hard to find or not easily available) Secondary industry an industry involved with manufacturing and construction Service actions that people perform for consumers, such as medical help or delivering mail Sole trader business a type of business owned and run by one person Sustainably sourced products that have been selected with serious consideration of environmental, social and ethical factors Sweatshop a factory where workers are paid low wages and work in poor conditions Tertiary industry an industry that provides services to consumers and/or other businesses Trade-off when you trade in or swap one thing to gain another Want something we would like to have viii Australian Curriculum Economics and business (Year 6) www.ricpublications.com.au R.I.C. Publications ®
HASS Key ideas Key ideas Who we are, who came before us, and traditions and values that have shaped societies How societies and economies operate and how they are changing over time The ways people, places, ideas and events are perceived and connected How people exercise their responsibilities, participate in society and make informed decisions Economics and business illustrations Influences on consumer and financial choices The shifting importance of different sectors in the Australian economy How societies use limited resources for changing needs and wants now and in the future Different ways that entrepreneurs and businesses succeed How individuals and businesses plan to achieve short- and long-term financial objectives The concept of opportunity cost as a means of making informed decisions about alternative uses of resources Part 1 – Making choices about resources 2–9 4, 5, 6, 7, 8 3, 4, 6, 8, 9 6, 8, 9 3, 4, 5, 6, 7, 8, 9 10–15 11, 12, 13, 14, 15 11, 12, 13, 14, 15 11, 12, 13, 14, 15 16–20 17, 18, 19 17, 18, 19, 20 17, 18, 20 21–22 Assessments Part 2 – Effects of consumer and financial decisions 24–29 25, 26, 27, 28 25, 26 25, 26, 27, 28, 29 25, 26, 27 30–37 31, 32, 33, 34, 35, 36, 37 31, 32, 33 31, 33 33 38–44 39, 40, 42, 43, 44 39, 40, 42, 43, 44 44 41, 42, 43, 44 45–46 Assessments Part 3 – Business activities 48–53 49, 50, 51, 52, 53 49, 50, 51, 52, 53 49, 50, 51, 52, 53 54–59 55, 56, 57 55, 56, 57 55, 56, 57 55, 56, 57 60–65 61, 62, 64 63 61, 62, 65 66–69 70–71 Assessments R.I.C. Publications ® www.ricpublications.com.au Australian Curriculum Economics and business (Year 6) ix
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 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 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

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?