Economics and Business / Levels 5 and 6 / Economic and Business Reasoning and Interpretation
Content description
Make decisions, identify appropriate actions by considering the advantages and disadvantages, and form conclusions concerning an economics or business issue or event
Elaborations
weighing up options involved in a decision, for example, purchasing a phone by comparing the advantages and disadvantages of each available option
making an individual purchasing decision based on an analysis of the trade-offs involved
identifying the effect of consumers purchasing items from a range of sources on local businesses, for example, ‘What is the effect on the local shopping centre if consumers purchase more goods online rather than in local shops?’
taking action to share their findings with audiences beyond the classroom, such as presenting at a school assembly, writing a letter to the editor of the local newspaper or their local member of parliament
Code
VCEBE010
Curriculum resources and support
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