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As entrepreneurs you are going to open a hypothetical dog-walking business. Entrepreneurs assume risks and then keep track of income and expenses to inform decision-making and fulfil legal requirements. In your groups, decide on a name for your business and how much you will charge per dog per 10 minutes. Scenarios Day of the week Number Activity Monday 1. Bought 2 new leashes at $20.00 each. Tuesday 2.…

Step 1: Determine your financial position Your weekly income Your weekly expenses Remaining (if you spend more than you earn, use a negative sign) What financial position are you in? Do you currently: Spend less than you earn? That’s great news, but with some planning and discipline, you can improve. Spend what you earn? You’re living within your means, which is good…

Student instructions You are to collaboratively work in groups of 4 to develop a series of questions (and answers) to play snakes and ladders. Use the results from your group and class brainstorming session to develop a list of questions beginning with the stem: What is this? The answer can include one or more of the following options: good or service provided by governments good or service produced by the free-market with social benefits…

Think of as many examples as you can for each of the categories listed below. Good or service provided by governments: Good or service with social benefits that are provided by private enterprise: Goods or services with social costs: Cash benefit provided by the Australian Government to individuals and families:   Linked activity…

Taxes are a big part of our lives and the government uses them to pay for all kinds of important things, like roads, hospitals and schools. Part 1: Village and the Boy Named Tax Watch: Village and the Boy Named Tax and answer the questions below. What did Tax do that was good for everyone? Why did the villagers think Tax was bad? Why did the villagers send Tax away? What made the villagers realise they had made a mistake by sending Tax…

Taxes are a big part of our lives and the government uses them to pay for all kinds of important things, like roads, hospitals and schools.  All 3 levels of government in Australia work together to provide the goods and services needed by Australians. Everyone benefits from government spending, including you. Refer to table 1 to see which government services you might use each day. Table 1: Things you might do in a day and the level of…

Print one copy for each group of 4 students and cut into individual cards to distribute to groups. $0 $2 $7 $0 $2 $7 $0 $2 $7 $0 $2 $7   Linked activity: Community resources game (AC v9.0) Community resources game (AC v8.4)  

Rules Each member of your group has a starting ‘bank balance’ of $10.00. The communal pot is a community resource. We will play 5 rounds. In each round you will decide how much to contribute to the communal pot – you can contribute all your money, some of your money or play your zero card. At the end of each round, the money in the pot will be doubled and then given back to everyone in the group in equal shares – to those who contributed…