Saving, investing and super
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Introduction
In this activity, students explore what they can do with their money and the risks and rewards associated with each option, that is saving, investing and superannuation. They consider the trade-offs associated with each option and decide what they would do if they had a windfall.
Achievement standard
By the end of Year 9, students explain the role of the Australian economy in allocating and distributing resources, and analyse the interdependence of participants in the global economy. They explain the importance of managing financial risks and rewards and analyse the different strategies that may be used. They explain why businesses seek to create a competitive advantage, including through innovation, and evaluate the strategies that may be used. Students analyse the roles and responsibilities of participants in the workplace.
When researching, students develop questions and simple hypotheses to frame an investigation of an economic or business issue. They gather and analyse relevant data and information from different sources to answer questions, identify trends and explain relationships. Students generate alternative responses to an issue and use cost-benefit analysis and appropriate criteria to propose a course of action. They apply economics and business knowledge, skills and concepts to familiar, unfamiliar and hypothetical problems. Students develop and present evidence-based conclusions and reasoned arguments using appropriate texts, subject-specific language and concepts. They analyse the effects of economic and business decisions and the potential consequences of alternative actions.
Content descriptions
Economics and Business Knowledge and Understanding
Why and how people manage financial risks and rewards in the current Australian and global financial landscape (ACHEK040).
Economics and Business Skills
Generate a range of viable options in response to an economic or business issue or event, use cost-benefit analysis and appropriate criteria to recommend and justify a course of action and predict the potential consequences of the proposed action (ACHES046).
Apply economics and business knowledge, skills and concepts in familiar, new and hypothetical situations (ACHES047).
Teacher resources
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Saving, investing and super
Student learning resources
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Saving, investing and super
Saving, investing and super
What would I do with a windfall?
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. If you assign this activity to a class, your students will be assigned all student resources on their 'My learning' page. You can also hand-pick the resources students are assigned by selecting individual resources when you add a work item to a class in 'My classes'.
- As a class, read the explainer, clarifying terms and concepts. Alternatively, students read these sections of the explainer individually or in pairs and take notes using the Cornell note taking system.
- Use a grouping strategy to organise students into groups of 4.
- Groups collaboratively complete the group worksheet.
- Invite group responses. Use the visualiser to show possible answers to each question.
- Initial groups decide on the trade-offs associated with superannuation and share their responses with the class.
- Students individually complete the worksheet.
- Invite students to share their choice and reasons for it with the class.