Our Economy

OUR ECONOMY

Students learn to assess changes in our economy, how these changes relate to existing trends in the economic cycle, and to explain the implications of these changes for consumers and businesses.

We specifically learn about:
- Economic links between Australian consumers, employers, businesses and governments
- The business cycle
- Interest rates and the effects this as on decision making
- Price changes and Inflation
- Value of the $AUD

Button Text

INTRODUCING ECONOMICS

You will need:

Key Terms:

Economics
Land
Labour
Capital
Entrepreneurship

Tasks:

Copy the "Our Economy" information (above) into your workbooks. (Remember it is a new topic so a title page is optional but make a clear distinction in books)
Complete the glossary crossword - You will need a partner and you require a hard copy of the glossary crossword. (one blue sheet, one yellow sheet) Using the 'Introducing Economics" pdf read through and write clues for the key terms of this topic: (OWN WORDS). Everyone will need a completed crossword by the end of the lesson.
Answer the following:

What is economics?
Describe the type of Economy that Australia have?
What are the advantages/disadvantages of this type of economy?

AU Dollar Exchange Rate

OUR ECONOMY

INTRODUCING ECONOMICS

Financial Chart - ASX, 2015choose a stock and track it's current value

Financial Chart - ASX, 2015
choose a stock and track it's current value