Essential Learning > Economics Domain > Economics
September upload 2009
June upload 2009
In this upload there are a wide range of activities, most using ICT, covering both the skills of the VELS such as Hypothesis, Data Analysis and Cost Benefit analysis, along with a range of interesting and challenging activities for your classes.
April upload 2009
February upload 2009
In this upload there are a number of activities to introduce Level 5 and 6 Humanities – Economics. Two of the skills are testing a hypothesis and undertaking a cost-benefit analysis. In addition, most of the activities use VELS ICT skills.
Compak supplement, Issue 1
A level 6 Activity – What’s the cost of your Environmental Spending? - Ecological Sustainability - 2. Includes VELS ICT progression points.
A Level 6 “Thinking” Internet Activity And now … a Carbon Tax . Includes VELS ICT progression points.
Dollarsmart units examine six key aspects of financial literacy. Dollarsmart.
A Level 6 Assessment Task covering a Glossary of Economic Words using cartoons by Nicholson from the Australian Newspaper. Economics Glossary using Cartoons. Includes VELS ICT progression points.
A Level 6 Assessment Task based on a newspaper article Food costs are up and there’s more pain in store
The Level 6 Learning Focus states that students research economic problems and argue the validity or otherwise of their own hypotheses. This activity gives students an opportunity to develop this skill.
The Hypothesis to be investigated is “Home prices 20km or more from the city have fallen for the three highlighted reasons in the AGE article.”
Level 5 and 6. This series of activities on Work and Life comes from Queensland Education. The Real Game is presented in five units. During the first three units, the students develop an understanding of the basic concepts and terminology of the game and of the world of work. They are given an occupational role and make lifestyle decisions (e.g. accommodation, transport, and leisure) within the constraints of their income. In the process they learn some of the realities of the adult world. Once they have established a realistic budget, the students make decisions about and plan for a holiday. Click to go to the Real Game
A level 6 “Thinking” Internet Activity – Putting the Parking into Economics
A Level 5 Assessment Task based on the Progression Points on the economic issue of Scarcity
Asia in the VELS – VCAA Bulletin P-10 February 2008 p 3
National Statement
In 2006 all Australian states and territories approved The National Statement for Engaging Young Australians with Asia in Australian Schools through the Ministerial Council on Education, Employment, Training and Youth Affairs (MCEETYA) (www.asiaeducation.edu.au/public_html/aef_statement.htm).
The statement identifies the broad knowledge, understandings, values and skills required to engage with Asia and the rationale for developing knowledge and understanding of Asia and Australia’s relationship with Asia. This includes contributing to:
being good neighbours and responsible global citizens
a harmonious Australia
a creative Australia
a prosperous Australia.
Underpinning these reasons is intercultural understanding and the values and dispositions required to support a harmonious multicultural society.
The VELS provide opportunities for a strong focus on Asia at all levels of the curriculum from P-10.Resources can be found at –Humanities Units of Work (SOSE)
http://www.asiaeducation.edu.au/public_html/scope_sequence.htmAsia in the VELS chart
“Thinking” Internet Activity VELS Economics Level 5 with VELS ICT
Click link for Breakfast Cereals activity
VELS RationaleEconomic knowledge and understanding
At Level 5, students explain the nature of the economic problem and how economic choices involve trade-offs that have both immediate and future consequences. They explain key factors that influence the Australian economy, including the quantity and quality of factors involved in production, resource use, ownership and management, and types of businesses.
At Level 5, students use the inquiry process to plan economics investigations, analyse and interpret data, and form conclusions supported by evidence. They form and express opinions on economic issues that interest and/or impact on them personally, or locally and/or nationally.
http://vels.vcaa.vic.edu.au/essential/discipline/humanities/economics/level5.html
Task
In your group, investigate a mix of three breakfast cereals from the Kellogg’s range, the Uncle Toby’s range, and/or another cereal of your choice.
VAEE is in the process of producing units of work to fit within the VELS framework. These units of work will be published on the webpage below as they become available.
Projects and resources with links with other VELS domain areas
Schools Revegetation Projects 2006 - Greening Australia Victoria
Consuming Planet Earth 2005 - A resource for Teaching and Learning linked to the 14 domains of VELS. Consumer Affairs Victoria
Connexions: Energise me - A Year 9 student community-based program
A unit of work on Energy developed by Bree Moody and Kiersten Quinn (made available by the You Yangs Cluster)
Opportunity Cost - Logging of water catchments
This activity is designed for Year 7 and 8 students (it could also be used in Years 9 and 10) and is an interesting and contemporary approach to investigating the economic concept of Opportunity Cost.
It looks at the economic issue of logging water catchments. A great activity, this exercise takes into account issues relating to the environment, employment in rural communities, regional development, recreation, tourism and forest industries. Issues relating to cultural, indigenous and aesthetic values also can be considered.
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Relevant VELS Standard or Learning Focus http://vels.vcaa.vic.edu.au/essential/discipline/humanities/economics/level5.html |
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| Level 5 Economics Learning Focus | As students work towards the achievement of Level 5 standards in Economics, they develop an understanding of the nature of scarcity, opportunity cost and resource allocation, and how these influence the Australian economy. |
| Level 5 Economic reasoning and interpretation dimension | At Level 5, students use the inquiry process to plan economics investigations, analyse and interpret data, and form conclusions supported by evidence. They form and express opinions on economic issues that interest and/or impact on them personally, or locally and/or nationally. |
Statistics and what to do with them
Through examples of sporting salaries, city sizes and more, this introductory VELS Activity provides students with skills and checklists for using statistics. You may like to complete some or all of the activities on statistics and what to do with them, or redesign the activities to suit your class.
At the end of the activity is a Checklist that is a good tool for students to use before they submit their work. You may also like to build this checklist into their assessment.
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Relevant VELS Standard or Learning Focus http://vels.vcaa.vic.edu.au/essential/discipline/humanities/economics/level6.html |
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| Level 6 Economics Learning Focus |
As students work towards the achievement of Level 6 standards in Economics …….. They develop skills in using economic reasoning, including cost-benefit analysis, to research economic issues and propose solutions for economic problems of global significance |
Earth Hour
Did you turn off the light? This Thinking Internet Activity for Year 7 and 8 looks at the WWF project – Earth Hour – on March 29 2008. It components of VELS Economics, VELS ICT and VELS Thinking.
| Relevant VELS Standard or Learning Focus | |
| Level 5 Economic reasoning and interpretation dimension |
At Level 5, students use the inquiry process to plan economics investigations, analyse and interpret data, and form conclusions supported by evidence. They form and express opinions on economic issues that interest and/or impact on them personally, or locally and/or nationally.
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| Level 5 ICT for creating |
At Level 5, students … When creating information products, students prepare designs that identify the structure and layout of the products, the evaluation criteria, and the plans for managing collaborative projects. Students independently apply a range of processing skills, functions and equipment to solve problems and create products which contain minimal functional, typographical, formatting and readability errors. During the processing stage of collaborative work, students monitor project plans and record reasons for adjusting them. They apply criteria to evaluate the extent to which their information products meet user needs and comply with intellectual property laws. They use ICT in a safe, efficient and effective manner. http://vels.vcaa.vic.edu.au/essential/interdisciplinary/ict/level5.html |
Linking Economics with other VELS domains
At Comview in 2007 Anne-Marie Parry and Richard Armitage presented two VELS specific sessions:
• Linking VELS Economics with VELS Thinking. The resource rich webpage for this session is - http://www.springvalesc.vic.edu.au/velsthinking
• Linking VELS Economics with VELS ICT. The resource rich webpage for this session is - http://www.springvalesc.vic.edu.au/velsict
Counting the cost of climate change – a unit of work: VELS correlation table (Word, 52K, .doc, Issue 3, August 2008, pages 54-59)
Design a flyer or brochure (PDF, 92K, ECOCIT308_1B.pdf, Issue 3, August 2008, pages 54-59)
'The Power and Privilege of Resources’: a unit of work (Word, 260K, ECOCIT308_2.doc, Issue 3, August 2008, pages 63-64)
My wool is organic
Richard Armitage has added another “Thinking” internet activity to his website. This activity requires the students to explain some key economic terms, using the topic of Wool Production. This is a great task that can be used as an introduction to economics, or as a revision exercise covering some key economic terms.
Select here
Markets
To introduce the concept of markets and demand and supply, why not take your students on an excursion� The Queen Victoria Market provides a great example of a market in operation. This resource complements an excursion through a work sheet for students to complete, as well as some background research into the market. This resource is available by selecting here.
Innovative Australia: VELS correlation grid (PDF, 248K, ECOCIT307_1.pdf, Issue 3, August 2007, pages 53-55)
Back to basics: additional strategies (PDF, 248K, ECOCIT307_2.pdf, Issue 3, August 2007, pages 62-65)
Classroom March 2007
Consumer Literacy
Dianne Fabiyanic from Taylors College has been teaching the concept of product placement through the movie 'Josie and the Pussycats'. She has provided us with a series of lessons that requires the students to create their own movie using story boards with the strategic placement of products. You will find this resource in the Economics section.
Resources for Courses
Gary Grach from Shelford Girls Grammar has prepared a list of Internet resources that can be used in Economics classes.
Being an Informed Consumer
Richard Armitage from Springvale Secondary College another "Thinking" Internet Activity. Select here
Thinking Internet Activities
The purpose of these activities is to use ICT and Thinking skills along with introducing students to the concepts and ideas of Economics.
The WebQuests can take five to ten periods to do. You may want to do them from start to finish or just take parts of them to use with your students.
The “Thinking” Internet Activities are shorter – a couple of periods or so – and use material from newspapers and websites, along with statistics.
Select here
Arsenal Bonds Worksheet
Questions and Assessment Planning sheet for this Level 6 Activity by Tony Ward. Select here
'Our Global World': a unit of study - teacher notes (PDF, 248K, ECOCIT207_1.pdf, Issue 2, May 2007, pages 54-59)
Financial literacy worksheets (PDF, 388K, EC107_1.pdf, Issue 1, Compak February 2007, pages 53-56)
Krispy Kreme Doughnuts case study: assessment rubric (PDF, 172K, EC107_2.pdf, Compak Issue 1, February 2007, pages 57-61)
School Entrepreneur of the Year program (PDF, 344K, EC107_4.pdf, Compak Issue 1, February 2007, page 64)
Factors Affecting Demand
This contribution written by Dianne Fabiyanic from Taylors College provides students with a case study that requires them to reflect on their decision to purchase a product and specifically, the various influences on that decision. Dianne has also provided suggested solutions to the case study.
In Our Environment
This grid written by Debbie Gilbert from Bulahdelah Central School provides an extensive unit on the environment for Years 5 - 7. It provides a detailed unit of work, integrating economics through the area of resource allocation and use in the Students look at the effects of mass production and the world demand for resources.
Take Action - Protect our Future
This resource is a matrix incorporating multiple intelligences and blooms taxonomy from Karen Shum. It is an integrated unit on the environment that is directed towards Year 8 students. It provides some excellent ideas for Economics teachers for use as an integrated unit, or to adapt some of the activities to a more streamed approach.
The Sea Water
There are some fabulous references to civics and citizenship and economics in this resource. Using the matrix approach, Barb, Lucy, Megan, Michelle and John from Seaforth Primary School in WA have created an interesting and rich resource that shows teachers how the VELS strands can be interwoven into a unit for students from Years 4 - 7.
Web Quests
An upload from Essential Learning. Economics would not be complete without a webquest from Richard Armitage, Springvale Secondary College. He has created another two titled Energy and Opportunity Cost and Plug me into the Internet.
Energy and Opportunity Cost
With whom do we trade?
Brendan O'Donoghue, Taylors College, has contributed a student worksheet that uses the Department of Foreign Trade website to answer questions on the structure of Australian trade. This worksheet simplifies this area of economics for year 10 students.
Consuming Planet Earth: Buy green, save money (PDF, 4.7MB, ES406_3.pdf, no. 4, October 2006)