The Economics and Business content in Year 5, 6 and 7 involves two strands:
Economics and Business Knowledge and Understanding
Economics and Business Skills
Economics and Business explores the ways individuals, families, the community, businesses and governments make decisions in relation to the allocation of resources. It aims to enable students to understand the process of economic and business decision-making and its effects on themselves and others, now and in the future. Economics and Business education is about developing informed global citizens embedded with critical thinking skills and future mind sets.
The study of economics and business develops the knowledge, understanding and skills that will inform students about the economy and encourage them to participate in and contribute to it. These lesson sequences examine those aspects of economics and business that underpin decision-making at personal, local, national, regional and global levels. Students will learn to appreciate the interdependence of decisions made, as well as the effects of these decisions on consumers, businesses, governments and other economies.
Economics and Business Knowledge and Understanding
Economics and Business Skills
Economics and Business explores the ways individuals, families, the community, businesses and governments make decisions in relation to the allocation of resources. It aims to enable students to understand the process of economic and business decision-making and its effects on themselves and others, now and in the future. Economics and Business education is about developing informed global citizens embedded with critical thinking skills and future mind sets.
The study of economics and business develops the knowledge, understanding and skills that will inform students about the economy and encourage them to participate in and contribute to it. These lesson sequences examine those aspects of economics and business that underpin decision-making at personal, local, national, regional and global levels. Students will learn to appreciate the interdependence of decisions made, as well as the effects of these decisions on consumers, businesses, governments and other economies.
The following link http://www.smh.com.au/small-business/managing/blogs/the-venture/teaching-kids-to-be-business-savvy-20130128-2dfsx.html is an article from the Sydney Morning Herald about the importance of teaching children business and economics in schools. The writer believes that educators need to teach creativity and encourage students to dream about solutions to big problems rather than simply teaching core concepts.