Earning an income
Access denied
Introduction
In this activity, students investigate how people earn an income, why people work and the different types of work that exist. They also learn that people who earn money may be liable to pay tax and the difference between gross and net income. As part of this activity, students are required to construct a questionnaire and survey members of the school and if possible, the broader community.
Achievement standard
By the end of Year 7, students describe how decisions are made to allocate limited resources to individuals and communities in an economy. They describe the reasons businesses exist and types of businesses, and identify how entrepreneurial characteristics contribute to the success of a business. They describe the reasons individuals choose to work, how they may derive an income and the types of work that exist. Students identify the rights and responsibilities of individuals and businesses in terms of products and services.
Students develop questions to investigate an economic and business issue. They locate, select and organise data and information from sources. They interpret information and data to identify economic and business issues, trends or effects. They develop a response and identify potential costs and benefits. Students use economic and business knowledge, concepts, terms and sources to create descriptions and explanations.
Content descriptions
Economics and Business Knowledge and Understanding
The reasons individuals work, the types of work they are involved in, and how they may derive an income. (AC9HE7K04)
Economics and Business Skills
Develop questions to investigate a contemporary economic and business issue. (AC9HE7S01)
Locate, select and organise information and data from a range of sources. (AC9HE7S02)
Interpret information and data to identify economic and business issues, trends and economic cause-and-effect relationships. (AC9HE7S03)
Create descriptions and explanations, using economic and business knowledge, concepts and terms, and referencing information and data from sources. (AC9HE7S05)
Teacher resources
In order to see the resources you must Register or Login if you already have an account.
Earning an income
Student learning resources
In order to see the resources you must Register or Login if you already have an account.
How and why people earn money
Other resources you might like
Suggested activity sequence
This sequence is intended as a framework to be modified and adapted by teachers to suit the needs of a class group.
- Display and explain information on the visualiser.
- Use a grouping strategy to organise students into groups of 4.
- Groups begin their investigations.
- Groups survey members of the school, home and/or local community.
- Groups collate and report their findings to the class.
- Students learn to collate the results of the survey into tables and graphs.
- Groups analyse this information, writing short descriptions as to what they see in the data.
- As a class, discuss student findings and summarise answers to the inquiry questions.
- How do people derive an income?
- Why do people work?
- How do people work?