This presentation about consumer choices at different levels has been created to support Lesson 4 of the Making Choices unit. It allows the teacher to walk students through visual examples and explanations.
Influences on consumer choices and strategies that can be used to help make informed personal consumer and financial choices
How the concept of opportunity cost involves choices about the alternative use of resources and the need to consider trade-offs
The effect that consumer and financial decisions can have on the individual, the broader community and the environment
The reasons businesses exist and the different ways they provide 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
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
Identify the reasons businesses exist and investigate the different ways they produce and distribute goods and services
Make decisions, identify appropriate actions by considering the advantages and disadvantages, and form conclusions concerning an economics or business issue or event
Acquires, processes and communicates geographical information using geographical tools for inquiry
Explains interactions and connections between people, places and environments
Compares and contrasts influences on the management of places and environments
Applies a variety of skills of historical inquiry and communication
Identifies change and continuity and describes the causes and effects of change on Australian society
Describes and explains the significance of people, groups, places and events to the development of Australia