Economics and Business / Levels 7 and 8 / Economic and Business Reasoning and Interpretation
Content description
Identify relationships and trends, and generate a range of alternatives for an economic or business issue or event, evaluating the potential costs and benefits of each alternative and the consequences of proposed actions
Elaborations
interpreting tables, charts and graphs containing economic or business data to identify trends and using the data to make predictions about future trends, for example, trends in online shopping
examining the trade-offs involved in making choices
investigating how businesses identify opportunities in the market
undertaking a cost-benefit analysis of alternatives proposed and making a decision about which one to recommend
discussing the consequences of an economic or business decision, and reflecting on whether this was the ‘best’ decision and what might be the effect of alternative actions
developing skills to contest and debate ideas and to express opinions on economics and business issues that interest and/or affect them or society
Code
VCEBE019
Curriculum resources and support
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