Choosing a super fund

Economics & Business Year 10 AC v9.0 80

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Introduction

Being informed when choosing a superannuation fund can significantly impact retirement outcomes. Students explore factors that affect this decision and the difference the rate of investment returns can have on these outcomes. They compare and select a super fund and complete a superannuation standard choice form.

Achievement standard

By the end of Year 10, students analyse how economic indicators influence Australian Government decision-making. They explain ways that government intervenes to improve economic performance and living standards. They explain processes that businesses use to manage the workforce and improve productivity. They explain the importance of Australia’s superannuation system and its effect on consumer and financial decision-making. Students analyse factors that influence major consumer and financial decisions, and explain the short- and long-term effects of these decisions.

Students develop and modify a range of questions to investigate an economic and business issue. They locate, select and analyse relevant and reliable information and data from a range of sources. They interpret and analyse information and data to evaluate trends and economic cause-and-effect relationships, and make predictions about consumer and financial impacts. They develop an evidence-based response to an economic and business issue. They evaluate a response, using appropriate criteria to decide on a course of action. Students use economic and business knowledge, concepts, and terms to develop descriptions, explanations and reasoned arguments that synthesise research findings.

Content descriptions

Economics and Business Knowledge and Understanding

Factors that influence major consumer and financial decisions, and the short- and long-term consequences of these decisions. (AC9HE10K03)

The importance of Australia’s superannuation system and how this system affects consumer and financial decision-making. (AC9HE10K04)

Economics and Business Skills

Interpret information and data, explaining economic and business issues, trends and economic cause-and-effect relationships, and make predictions about consumer and financial impacts. (AC9HE10S03)

Develop and evaluate a response to an economic and business issue, using cost-benefit analysis or criteria to decide on a course of action. (AC9HE10S04)

Create descriptions, explanations and arguments, using economic and business knowledge, concepts and terms that incorporate and acknowledge and research findings. (AC9HE10S05)

Teacher resources

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