Government support for further training

SubjectEconomics & Business YearYear 10 CurriculumAC v8.4 Time40

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Introduction

At this year level, students are beginning to consider what they will do when they leave school, and whether their choices will include further training or study. In this activity, students learn that if they choose to undertake future training or study, there are a number of loans available from the Australian Government to help them. They explore the loans that are available and the process of repayment through the taxation system.

Australian Curriculum or Syllabus

Achievement standard

By the end of Year 10, students explain why and how governments manage economic performance to improve living standards. They give explanations for variations in economic performance and standards of living within and between economies. They analyse factors that influence major consumer and financial decisions and explain the short- and long-term effects of these decisions. They explain how businesses respond to changing economic conditions and improve productivity. Students evaluate the effect of organisational and workforce management on business performance.

When researching, students develop questions and formulate hypotheses to frame an investigation of an economic or business issue or event. They gather and analyse reliable data and information from different sources to identify trends, explain relationships and make predictions. Students generate alternative responses to an issue, taking into account multiple perspectives. They use cost-benefit analysis and appropriate criteria to propose and justify a course of action. They apply economics and business knowledge, skills and concepts to familiar, unfamiliar and complex hypothetical problems. Students develop and present evidence-based conclusions and reasoned arguments incorporating different points of view. They use appropriate texts, subject-specific language, conventions and concepts. They analyse the intended and unintended effects of economic and business decisions and the potential consequences of alternative actions.

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 (ACHEK053).

Economics and Business Skills

Apply economics and business knowledge, skills and concepts in familiar, new and hypothetical situations (ACHES059).

Teacher resources

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Video

How do I pay for further training or study?

Student learning resources

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Explainer

Government support for further training

 
Worksheet

Government support for further training

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.

  1. Play: How do I pay for further training or study? This video demonstrates how to use the tax withheld for individuals calculator.
  2. Read the explainer as a class.
  3. Students complete the worksheet
  4. Invite students to share their answers and ask if the study loan program will influence their decision on whether they will undertake training or further study when they leave school.