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Money makes the world go round, economy and businesses are what makes the world the way it is and are an integral part of any community. Therefore
we need to understand the importance of money and its use. This unit focuses on developing the financial literacy of students with an aim to develop
transferable skills for real world decision making in the future within their community but also the world.
Key Skills: Inquiry Focus Questions Assessment:
Throughout this unit, students will have Why do we need economics for society Summative:
developed these skills (with example) to keep running? Creating their own business and having one lesson to work
Compose ways in which to be Why is it important to keep a budget? in collaboration with other businesses in the
more involved in the community. Why do we save money? Creating a poster that advertises the cost of a product,
(E.g. fund raising) What is money for? including a budget planner for their assessment
Prioritise needs over wants. Designing and planning their outing/fund raiser for the
Examine products they purchase Million paws walk.
as a consumer Victorian Curriculum: Formative:
Examine products they purchase History, Economics & Business 3-2-1 countdown:
as a consumer (identify whether Intercultural understanding and cross Exit/admit cards
what theyve purchased is worth curriculum priorities: Australias Using Kahoot for periodic quizzes
the cost) engagement with Asia and Sustainability. Reflective Journal
Discuss the scarcity differences
Vic Curriculum: VCEBR001 Vic Curriculum: VCEBR001 Vic Curriculum: VCEBC004 Vic Curriculum: VCEBC004