Economics and Business

Teach your students about earning an income, how to manage money and set financial goals. In addition, develop knowledge of basic business planning and what makes a business successful.

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Use the diagrams that follow to indicate the impact of cutting the rate of each of 4 different taxes: the GST, customs…

Watch: The Australian Taxation SystemWhat are the 3 levels of Australia’s taxation system? How many…

What is the basic economic problem? The fundamental economic problem is the issue of scarcity and how best to produce…

Directions: read each scenario and decide what you would choose. Identify the trade-off(s) and opportunity cost(s) of…

Linked activity: Who provides the goods and services I need and want

If you’re in the market for a new phone, you can buy it outright or on a plan. Buy outright – You pay the full…

Luna’s phone is broken, so she’s in the market for a new one. She currently owns her own phone and has 2 options to…

Linked activity: Strategic thinking skills of entrepreneurs – SWOT analysis

Government service Decision number Cost or benefit to welfare Running total (starting score…

Follow these instructions to play the game. Each group is the government of a nation and must decide on how to spend…

Linked activities: How to choose what to buy

Part 1: Making a purchasing decision Scenario You need a new mobile phone plan that includes a phone. Search the…