AC9HE8K01
Official content description
how markets influence decisions about the allocation of resources to the production of goods and services, and the effect of prices on these decisions
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What Year 8 HASS students should achieve
Coverage is judged against the achievement standard — not by ticking every content description. These are the official Year 8 HASS standard sentences this code builds towards:
- Students identify ways in which Australians express different aspects of their identity and explain perspectives on Australia’s national identity.
- They describe the roles of political parties and elected representatives in Australian government.
- They sequence events and developments to explain causes and effects, and patterns of continuity and change across societies and time periods.
- They interpret information and data to identify economic and business issues and trends, and describe economic cause-and-effect relationships.
- They describe the effects of human activity or hazards on environments.
- They explain how these interconnections change places or environments.
The Knowledge and understanding progression either side of AC9HE8K01
A class can only meet this descriptor if they were taught the one before it. If yours hasn't, that's where the lesson starts — not here.
Taught before · Year 7
- AC9HE7K01why opportunity cost exists as decisions are made to allocate limited resources to meet unlimited needs and wants
- AC9HE7K02the reasons businesses exist and how different types of businesses provide goods and services
- AC9HE7K03characteristics of entrepreneurs and how these influence the success of a business
Builds towards · Year 9
- AC9HE9K01the role of Australia’s financial sector and its effect on economic decision-making by individuals, businesses and global markets
- AC9HE9K02how economic decision-making involves the interdependence of consumers, businesses, the financial sector and government
- AC9HE9K03the reasons Australia trades with other nations, and the patterns of trade between Australia and Asia
Other Year 8 Knowledge and understanding codes
- AC9HE8K02different ways that businesses adapt to opportunities in the market and respond to the changing nature of work
- AC9HE8K03how First Nations Australian businesses and entrepreneurs develop opportunities in the market
- AC9HE8K04the importance of Australia’s system of taxation and how this system affects decision-making by individuals and businesses
- AC9HE8K05processes that individuals and/or businesses use to plan and budget to achieve short-term and long-term financial objectives
Content description and achievement standard © Australian Curriculum, Assessment and Reporting Authority (ACARA), Australian Curriculum Version 9, used under CC BY 4.0. TeachKoala is not affiliated with or endorsed by ACARA.