HASS- ECONOMICS AND BUSINESS
Achievement Standard:
How the concept of opportunity cost involves choices about the alternative use of resources and the need to consider trade-offs
Elaboration:
Exploring some national needs and wants in Australia and an Asian country (for example, access to water, education, health care) and comparing resource limitations and decisions
Explaining why choices have to be made when faced with unlimited wants and limited resources (for example, by compiling a list of personal needs and wants, determining priorities (including sustainability of natural environments) and identifying the needs and wants that can be satisfied with the resources available)
- Students describe, compare and explain the diverse characteristics of different places in different locations from local to global scales.
- Students recognise why choices about the allocation of resources involve trade-offs.
- They explain why it is important to be informed when making consumer and financial decisions.
- They identify the purpose of business and recognise the different ways that businesses choose to provide goods and services.
- They explain different views on how to respond to an issue or challenge.
- They interpret data to identify, describe and compare distributions, patterns and trends, and to infer relationships, and evaluate evidence to draw conclusions.
How the concept of opportunity cost involves choices about the alternative use of resources and the need to consider trade-offs
Elaboration:
Exploring some national needs and wants in Australia and an Asian country (for example, access to water, education, health care) and comparing resource limitations and decisions
Explaining why choices have to be made when faced with unlimited wants and limited resources (for example, by compiling a list of personal needs and wants, determining priorities (including sustainability of natural environments) and identifying the needs and wants that can be satisfied with the resources available)
Tuning In...
What makes a good life?
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Can I change the way I live to respond to poverty? Will there be more poverty as the population increases?
Living with less This lesson raises some ideas about over-consumption and how we might respond to poverty by using less resources and embracing simpler lifestyle choices. Why simplicity? Many people see the idea of consciously consuming fewer resources as a practical way of responding to the problems of poverty. Living more simply provides the potential for fairer distribution of resources, as those who have access to more material wealth may choose to live with less and give money and time to projects that help alleviate poverty. It also provides a practical way of reducing unnecessary waste and environmental damage – and as climate change has impacts beyond our own circumstances and poor communities are often the most vulnerable, taking personal action about climate change can have global implications. Simple living can have other spin-offs too – some people experience an amount of personal satisfaction from seeking to live with less, and depending on the lifestyle decisions people make, simple living practices can help people build more meaningful relationships with those around them.
Living with less This lesson raises some ideas about over-consumption and how we might respond to poverty by using less resources and embracing simpler lifestyle choices. Why simplicity? Many people see the idea of consciously consuming fewer resources as a practical way of responding to the problems of poverty. Living more simply provides the potential for fairer distribution of resources, as those who have access to more material wealth may choose to live with less and give money and time to projects that help alleviate poverty. It also provides a practical way of reducing unnecessary waste and environmental damage – and as climate change has impacts beyond our own circumstances and poor communities are often the most vulnerable, taking personal action about climate change can have global implications. Simple living can have other spin-offs too – some people experience an amount of personal satisfaction from seeking to live with less, and depending on the lifestyle decisions people make, simple living practices can help people build more meaningful relationships with those around them.
'The Good Life Road'
Things to consider...
X Having lots of money
X Being healthy
X Having great toys
X Having fashionable clothes
X Being famous X Having jobs for adults
X Having friends and family who love and help you
X Having clean water and toilets
X Being able to make choices about what happens in your life
X Having a safe place to live
X Having TVs, computers and other electronic stuff
X A government that helps if you need it
X Getting an education
X Having lots of money
X Being healthy
X Having great toys
X Having fashionable clothes
X Being famous X Having jobs for adults
X Having friends and family who love and help you
X Having clean water and toilets
X Being able to make choices about what happens in your life
X Having a safe place to live
X Having TVs, computers and other electronic stuff
X A government that helps if you need it
X Getting an education
Need or Want?
- Make a decision about how necessary each item is for you to have a good life., in your groups place each card along the Good Life Road, a line marked on the ground with ends marked ‘Very important’ and ‘Not important at all’.
- The cards should be positioned according to how important you think the item on the card is to having a good life.
- For example, if the group thinks the item on the card is vital to having a good life they should place it at the ‘Very important’ end, or if they think it is not important they should place it at the ‘Not important at all’ end.
- You can also place cards at any point in between.
good_life_road.pdf | |
File Size: | 39 kb |
File Type: |
X Is there general agreement about particular items?
X Are there differences between the class’s answers and what they think other people may say about a good life?
X Do they think that people living in poverty are able to have a good life?
Can you think of anything they have in common with people living in poverty? Trade Offs!
The idea of trade offs, that for an action their is a reaction... There is a scarcity of resources, when one choice is made, the next best alternative is not available (trade-off) (for example, if you choose to spend your time (resource) riding their bike after school, they cannot go for a swim (trade-off))
X Are there differences between the class’s answers and what they think other people may say about a good life?
X Do they think that people living in poverty are able to have a good life?
Can you think of anything they have in common with people living in poverty? Trade Offs!
The idea of trade offs, that for an action their is a reaction... There is a scarcity of resources, when one choice is made, the next best alternative is not available (trade-off) (for example, if you choose to spend your time (resource) riding their bike after school, they cannot go for a swim (trade-off))
Video Link ( click the image below)
Goods and Services-link to trade-offs
Lesson Focus: You need to be able to define what a 'good' and what a 'service is. You also need to understand what your role is as a consumer of goods and services.
Goods are objects that satisfy people’s wants and services are activities performed by people, firms or government agencies to satisfy economic wants.
Goods are objects that satisfy people’s wants and services are activities performed by people, firms or government agencies to satisfy economic wants.
New vocabulary- tier 3
Put these economics terms and their definitions into a poster. Include a picture which is associated with the word meaning.
Barter Trading a good or service directly for another good or service, without using money or credit.
Capital Resources Resources made and used to produce and distribute goods and services; examples include tools, machinery and buildings
Consumers People who use goods and services to satisfy their personal needs and not for resale or in the production of other goods and services.
Goods Tangible objects that satisfy economic wants.
Human Resources The health, education, experience, training, skills and values of people. Also known as human capital.
Natural Resources "Gifts of nature" that can be used to produce goods and services; for example, oceans, air, mineral deposits, virgin forests and actual fields of land. When investments are made to improve fields of land or other natural resources, those resources become, in part, capital resources. Also known as land.
Producers People and firms that use resources to make goods and services.
Resources The basic kinds of resources used to produce goods and services: land or natural resources, human resources (including labor and entrepreneurship), and capital.
Services Activities performed by people, firms or government agencies to satisfy economic wants.
Capital Resources Resources made and used to produce and distribute goods and services; examples include tools, machinery and buildings
Consumers People who use goods and services to satisfy their personal needs and not for resale or in the production of other goods and services.
Goods Tangible objects that satisfy economic wants.
Human Resources The health, education, experience, training, skills and values of people. Also known as human capital.
Natural Resources "Gifts of nature" that can be used to produce goods and services; for example, oceans, air, mineral deposits, virgin forests and actual fields of land. When investments are made to improve fields of land or other natural resources, those resources become, in part, capital resources. Also known as land.
Producers People and firms that use resources to make goods and services.
Resources The basic kinds of resources used to produce goods and services: land or natural resources, human resources (including labor and entrepreneurship), and capital.
Services Activities performed by people, firms or government agencies to satisfy economic wants.
“Brainstorm everything you have consumed today. This means, what things have you needed/used/eaten today from the moment you woke up to right now?”
People buy, use, and exchange goods and services. A good is a physical item that can be bought, touched, and used. A service is the action done for people who pay for the service.
Think, pair share... categorise the following into goods and services
Flowers
Paint
Baker making cookies
Car
Doctor giving a shot
Think, pair share... categorise the following into goods and services
Flowers
Paint
Baker making cookies
Car
Doctor giving a shot
Next Step: Using your consumer brainstorm, highlight all the GOODS in one colour and the SERVICES in another colour.”
Next lesson....add in cause and effect consumer choices activity- assessment consumer trade offs ( USING LAND TO GROW CROPS OR GRAZE FOR CATTLE)
Producers and Resources
Lesson focus: Today you are going to be learning about who producers are and what resources they use to produce their good or service. You will demonstrate your understanding of this by producing a table explaining what services/good and resources are used by particular producers. To extend yourself I will be looking for you to mention 'capital resources'
What do these people have in common?
What service or good do they provide?
What service or good do they provide?
Guess the producer...
Rule up the following column on the provided paper
People use resources to produce a good or service. There are natural resources which are not manmade, human resources, which are the service providers, and capital resources which are the tools used to produce a good or service.
word bank careers
what industries do they fit under?
add in graph of results ( picture graph)- match career to industry shuffle
what industries do they fit under?
add in graph of results ( picture graph)- match career to industry shuffle
Decisions about the use of resources- supply and demand from the consumer
Lesson Focus: Students will develop a deeper understanding of the importance of the Great Barrier Reef to different groups of people.
Comprehension Questions1) What does the BtN Reef threat story mainly explain?
2). What is being processed on an island off the coast of Gladstone in Queensland? 3) Why is the processing hub important to the mining industry and the economy? 4) What is dredging and why have they needed to do it? 5) What has happened to the fish in the area? |
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