Saving versus investing
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Introduction
In this activity, students explore whether they should save or invest their money and the risks and rewards associated with each option. They consider the trade-offs associated with each and consider what they would do if they had spare money to put aside.
Achievement standard
By the end of Year 9, students explain the role of Australia’s financial sector and its effect on economic decision-making by individuals and businesses. They explain the interdependence of participants in the global market and the effect on economic decision-making. They explain the reasons for trade and Australia’s pattern of trade with Asia. They explain why businesses seek to create and maintain a competitive advantage. Students explain how individuals and businesses manage consumer and financial risks and rewards.
Students develop and modify questions to investigate an economic and business issue. They locate, select and analyse information and data from a range of sources. They interpret and analyse information and data to explain economic trends and cause-and-effect relationships, and identify consumer and financial impacts. They develop a response to an economic and business issue, taking account of economic, business or financial factors. They evaluate a response using criteria and make decisions about how it is to be implemented. Students use economic and business knowledge, concepts and terms to develop descriptions, explanations and arguments that acknowledge research findings.
Content descriptions
Economics and Business Knowledge and Understanding
The role of Australia’s financial sector and its effect on economic decision-making by individuals, businesses and global markets. (AC9HE9K01)
How individuals and businesses manage consumer and financial risks and rewards. (AC9HE9K05)
Economics and Business Skills
Develop and evaluate a response to an economic and business issue, using cost-benefit analysis or criteria to decide on a course of action. (AC9HE9S04)
Create descriptions, explanations and arguments, using economic and business knowledge, concepts and terms that incorporate and acknowledge research findings. (AC9HE9S05)
Teacher resources
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Saving versus investing
Student learning resources
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Saving versus investing
Saving versus investing
What would I do with a windfall?
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. If you assign this activity to a class, your students will be assigned all student resources on their 'My learning' page. You can also hand-pick the resources students are assigned by selecting individual resources when you add a work item to a class in 'My classes'.
- As a class, read the explainer, clarifying terms and concepts. Alternatively, students read these sections of the explainer individually or in pairs and take notes using the Cornell note taking system.
- Use a grouping strategy to organise students into groups of 4.
- Groups collaboratively complete the group worksheet.
- Invite group responses. Use the visualiser to show possible answers to each question.
- Initial groups decide on the trade-offs associated with superannuation and share their responses with the class.
- Students individually complete the worksheet.
- Invite students to share their choice and reasons for it with the class.