This unit is based on the Year 6 Australian Curriculum HASS Inquiry Skills, Knowledge and Understandings. Students explore the economics of decision making. By taking into mind the issues of scarcity and opportunity cost, students look at the factors involved in making decisions at an individual, community, national, and business level. The students learn these concepts through a series of presentations, games, and online resources, putting it to the test in a cumulative project and (optional) quiz.
The key concepts in this unit include;
In this lesson, students will investigate another important factor in economics, opportunity cost.
Students investigate the impacts of choices and how those impacts affect future choices.