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
This activity contributes to the following outcomes.
- applies consumer, financial, economic, business, legal, political and employment concepts and terminology in a variety of contexts COM5-1
- analyses key factors affecting decisions COM5-4
- explains information using a variety of forms COM5-8
- works independently and collaboratively to meet individual and collective goals within specified timeframes COM5-9
Related Stage 4 outcomes: COM4-1, COM4-4, COM4-8, COM4-9
Related Life Skills outcomes: COMLS-7, COMLS-12, COMLS-13
Content descriptions
Option 2: Investing
Investment options
Students:
- outline the range of investment options available, including:
- the relationship between risk and return for a range of investment options, for example managed funds, property, shares, superannuation (ACHEK040)
- ethical investments
Student learning resources
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Ethical super funds
Ethical super funds
Writing paragraphs in Commerce
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. The activity was written for students in Stage 5, however it can be modified to suit the needs of Stage 4 students and Life skills students.
- Think-pair-share: What does ethics and social responsibility mean? Give an example
- 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 Commerce – Model.