Ethical super funds
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Introduction
Students may have to choose a super fund when they are over 18 years of age, or even sooner if they work for more than 30 hours a week. This can be a difficult decision, with so many options to choose from. This activity enables students to understand that such a choice can have short- and long-term consequences for themselves, the environment and society.
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)
Create descriptions, explanations and arguments, using economic and business knowledge, concepts and terms that incorporate and acknowledge and research findings. (AC9HE10S05)
Student learning resources
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Ethical super funds
Ethical super funds
Writing paragraphs in Economics
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.
- Think-pair-share: What does ethics and social responsibility mean? Give an example of each.
- Brainstorm some ethical values and develop a class list to display. Examples of ethical values include:
- honesty
- integrity
- promise-keeping & trustworthiness
- loyalty
- fairness
- concern for others
- respect for others
- law abiding.
- Brainstorm some social values and develop a class list to display. Examples include:
- respect
- justice/fairness.
- honesty
- service/giving back/contribution.
- responsibility
- family
- community
- Students read the article and complete the worksheet.
Encourage students to use the Reading for meaning strategy or to take notes using the Cornell note taking system.
- Students write at least one paragraph outlining reasons for investing in ethical and/or socially responsible super funds and the short- and long-term consequences of this decision.
Refer students to Writing paragraphs in Economics – Model.