Work samples

Economics and Business

Year 9

Above satisfactory

Financial risks and rewards

Summary of task

Students took on the role of a financial adviser for a hypothetical wealth management fund. They were assigned a profile which included details of the client’s financial situation and future goals. Students completed a series of investigative tasks based on this information. The final task was the preparation of a report advising the client of a course of action. These tasks were completed in class and at home over a period of three weeks.

Achievement standard

By the end of Year 9, students explain the role of the Australian economy in allocating and distributing resources, and analyse the interdependence of participants in the global economy. They explain the importance of managing financial risks and rewards and analyse the different strategies that may be used. They explain why businesses seek to create a competitive advantage, including through innovation, and evaluate the strategies that may be used. Students analyse the roles and responsibilities of participants in the workplace.

When researching, students develop questions and simple hypotheses to frame an investigation of an economic or business issue. They gather and analyse relevant data and information from different sources to answer questions, identify trends and explain relationships. Students generate alternative responses to an issue and use cost-benefit analysis and appropriate criteria to propose a course of action. They apply economics and business knowledge, skills and concepts to familiar, unfamiliar and hypothetical problems. Students develop and present evidence-based conclusions and reasoned arguments using appropriate texts, subject-specific language and concepts. They analyse the effects of economic and business decisions and the potential consequences of alternative actions.

Similar samples

Related samples