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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What is the difference between saving and investing? Have you ever saved up to buy something? Maybe you are putting…

Linked activity: Saving versus investing

Refer to Saving, investing and super – Explainer. In your groups, complete the following tables…

Imagine you have inherited $10,000. You have 2 options: save it invest it Each of these options has its…

Linked activity: Managing your spending Starting a job

Step 1: Determine your financial position Your weekly income Your weekly expenses…

The ATO has an online services simulator for educational purposes. This includes a scenario to complete a TFN…

Part 1: Making predictions, using data and calculating results Before a government sets about making changes to the…

Linked activity: Your responsibilities in relation to income tax

What happens when you have super in more than one fund? What happens if you don’t track your super?Part 1:…

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

Part 1: Calculating taxUse the ATOs weekly tax table or the ATO app Tax withheld calculator to work out how much tax…