Teaching about super in Year 10 Economics and Business
Introduction
The Australian Curriculum v.9 for Year 10 now includes content on Australia’s superannuation system. We’ve curated activities to help you teach this new content. We also recommend additional activities you can use to extend students or deepen their learning. Check out the resources we’ve curated. They’ll help you support your students to better understand superannuation and the steps they can take now and throughout their working lives to improve their retirement outcomes.
Alignment of assessment to the achievement standard
The curated activities give you multiple opportunities to assess student achievement in relation to the following aspects of the Year 10 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.1 Students analyse factors that influence major consumer and financial decisions, and explain the short-and long-term effects of these decisions.2
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.3 They interpret and analyse information and data to evaluate trends and economic cause-and-effect relationships, and make predictions about consumer and financial impacts.4 They develop an evidence-based response to an economic and business issue.5 They evaluate a response, using appropriate criteria to decide on a course of action.6 Students use economic and business knowledge, concepts, and terms to develop descriptions, explanations and reasoned arguments that synthesise research findings.7
Each of the assessment tasks listed in the table below elicit evidence of student achievement in relation to the standard. There are worksheets and writing tasks in other activities that may also support you to assess student progress towards achieving the standard.
List of assessments and alignment to the standard
|
Assessment opportunities |
Numbered aspect of the achievement standard |
|---|---|
|
The importance of Australia’s superannuation system – Assessment task |
1, 4, 5, 7 |
|
Which investment option is best? – Investigation |
1, 2, 4, 5, 6, 7 |
| Managing your super – Investigation | 1, 4, 5, 6, 7 |
| Planning for retirement – Investigation | 1, 2, 3, 4, 5, 6, 7 |
Content descriptions
The curated activities enable students to learn the following:
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
- Locate, select and organise information and data from a range of sources. (AC9HE10S02)
- 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)
- Develop and evaluate a response to an economic and business issue, using cost-benefit analysis or criteria to decide on a course of action. (AC9HE10S04)
- Create descriptions, explanations and arguments, using economic and business knowledge, concepts. And terms that incorporate and acknowledge and research findings. (AC9HE10S05)
Alignment of activities to elaborations for AC9HE10K04
|
Elaboration |
Alignment of TSY activities to elaborations |
|---|---|
|
explaining the importance of Australia’s superannuation system in relation to human and financial wellbeing in retirement and the government’s ability to maintain a welfare payment system for the common good |
Superannuation and your rights Why do we have a superannuation system? |
|
identifying why individuals make decisions about superannuation investment options and how their circumstances, such as age, employment status, dependents and anticipated retirement age, affect these decisions |
Choosing a super fund Choosing super investment options |
| explaining how individuals manage a personal superannuation fund; for example, who contributes, taxation, consolidating superannuation funds, finding lost superannuation and tracking the performance of a superannuation account |
Managing your superannuation Planning for retirement |
Check out the following suggested sequence of activities that you can use in your classroom to teach about taxation.