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Economics And Business Glossary

Economics And Business Glossary
View Curriculum Codes   

Equip students with the essential vocabulary and terminology of economics and business with this comprehensive glossary.

Curriculum Codes

AC9HS6S04 9

Evaluate primary and secondary sources to determine origin, purpose and perspectives

AC9HS6S07 9

Present descriptions and explanations, drawing ideas, findings and viewpoints from sources, and using relevant terms and conventions

AC9HS6K08 9

Influences on consumer choices and strategies that can be used to help make informed personal consumer and financial choices

AC9HS6S06 9

Propose actions or responses to issues or challenges and use criteria to assess the possible effects

AC9HS6S02 9

Locate, collect and organise information and data from primary and secondary sources in a range of formats

AC9HS6S03 9

Evaluate information and data in a range of formats to identify and describe patterns and trends, or to infer relationships

AC9HS6K05 9

Australia’s interconnections with other countries and how these change people and places

AC9HS6S01 9

Develop questions to investigate people, events, developments, places and systems

AC9HS6S05 9

Develop evidence-based conclusions

ACHASSI122 8.4

Develop appropriate questions to guide an inquiry about people, events, developments, places, systems and challenges

ACHASSK149 8.4

How the concept of opportunity cost involves choices about the alternative use of resources and the need to consider trade-offs

ACHASSK141 8.4

Australia’s connections with other countries and how these change people and places

ACHASSI124 8.4

Organise and represent data in a range of formats including tables, graphs and large- and small-scale maps, using discipline-appropriate conventions

ACHASSI125 8.4

Sequence information about people’s lives, events, developments and phenomena using a variety of methods including timelines

ACHASSI123 8.4

Locate and collect relevant information and data from primary sources and secondary sources

ACHASSI126 8.4

Examine primary sources and secondary sources to determine their origin and purpose

ACHASSI132 8.4

Reflect on learning to propose personal and/or collective action in response to an issue or challenge, and predict the probable effects

ACHASSI130 8.4

Work in groups to generate responses to issues and challenges

ACHASSK151 8.4

The reasons businesses exist and the different ways they provide goods and services

ACHASSI129 8.4

Evaluate evidence to draw conclusions

ACHASSI127 8.4

Examine different viewpoints on actions, events, issues and phenomena in the past and present

ACHASSI128 8.4

Interpret data and information displayed in a range of formats to identify, describe and compare distributions, patterns and trends, and to infer relationships

ACHASSK150 8.4

The effect that consumer and financial decisions can have on the individual, the broader community and the environment

ACHASSI133 8.4

Present ideas, findings, viewpoints and conclusions in a range of texts and modes that incorporate source materials, digital and non-digital representations and discipline-specific terms and conventions

ACHASSI131 8.4

Use criteria to make decisions and judgements and consider advantages and disadvantages of preferring one decision over others

HT3-5 old

Applies a variety of skills of historical inquiry and communication

HT3-1 old

Describes and explains the significance of people, groups, places and events to the development of Australia

HT3-3 old

Identifies change and continuity and describes the causes and effects of change on Australian society

GE3-1 old

Describes the diverse features and characteristics of places and environments

GE3-4 old

Acquires, processes and communicates geographical information using geographical tools for inquiry

GE3-2 old

Explains interactions and connections between people, places and environments

GE3-3 old

Compares and contrasts influences on the management of places and environments


Consider the effect that the consumer and financial decisions of individuals may have on themselves, their family, the broader community and the natural, economic and business environment


Describe and explain interconnections within places and between places, and the effects of these interconnections


Make decisions, identify appropriate actions by considering the advantages and disadvantages, and form conclusions concerning an economics or business issue or event


Collect and record relevant geographical data and information from the field and secondary sources, using ethical protocols


Represent the location of places and other types of geographical data and information in different forms including diagrams, field sketches and large-scale and small-scale maps that conform to cartographic conventions of border, scale, legend, title, north point and source; using digital and spatial technologies as appropriate


Australia’s connections with other countries and how these change people and places


Interpret maps and other geographical data and information using digital and spatial technologies as appropriate, to develop identifications, descriptions, explanations and conclusions that use geographical terminology


Identify the reasons businesses exist and investigate the different ways they produce and distribute goods and services


Explore the concept of opportunity cost and explain how it involves choices about the alternative use of limited resources and the need to consider trade-offs


Identify the origin, content features and the purpose of historical sources and describe the context of these sources when explaining daily life in colonial Australia, reasons for migration and causes and effects of Federation