Year 10 Economics Program 2017 – Extension
DIFFERENTIATION IN HASS CURRICULUM – YEAR 10
All students are entitled to rigorous, relevant and engaging learning programs drawn from the Western Australian
Curriculum: Humanities and Social Sciences. Teachers take account of the range of their students' current levels of learning,
strengths, goals and interests and make adjustments where necessary. In order to cater for the diverse needs of students
across Western Australia and to personalise their learning, the skills required in understanding the curriculum content differ
in each course. In Year 10, students have the opportunity to further develop the skills they developed in Year 9 in new
contexts. These skills will be the focus of lesson activities and assessments in each course.
In the Year 10 Extension Course all Questioning and Researching, Analyis and Communicating and Reflecting skills are further
reinforced and developed as in Course 3, with the addition of further development in Evaluation skills in order to prepare students
for Senior Secondary courses including the skills of being able to:
Draw evidence‐based conclusions by evaluating information and/or data, taking into account ambiguities and multiple perspectives; to
negotiate and resolve contentious issues; to propose individual and collective action in response to contemporary events, challenges,
developments, issues, problems and/or phenomena
Critically evaluate information and/or data and ideas from a range of sources to make generalisations and inferences; propose
explanations for patterns, trends, relationships and anomalies; predict outcomes
Week
Activities
Lesson 1: Consumerism
Scenario – tell students to imagine they have been given $10 000 they are to write down all the things they
would buy. Once they have finished tell them the situation has changed and they will now only be given $1000
and will need to cut back on their spending.
 What items did you remove from your list and why?
Resources
SCASA
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
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Week 1
Define scarcity and discuss how scarcity influences everyone in an economy (consumers,
producers and the government).
Define the economic problem
Introduce the idea of opportunity cost
Watch clip: History of consumerism
 How have consumers helped economies grow?
 How are consumers, business and wages linked?
 What was the consumer revolution? Where did it first occur?
 List what has influenced consumer decisions over time
https://www.youtube.c
om/watch?v=Y-Unq3R-M0
Complete smart consumer worksheet (students begin thinking about what influences their economic
decisions)
Smart consumer
worksheet
Lesson 2: Influencing Consumers
Discuss answers to smart consumer worksheet from previous lesson
Read Unit 5.1 and discuss as a class
 Draw the demand curve and explore the link between price and quantity demanded
 Student create a poster on all the factors that influence consumers
Pearson - Humanities &
Social Sciences 10 WA
pg 86-89
Lesson 3: Demand, Supply & the Market Equilibrium
Ask students how they think prices of products are determined?
Demand & Supply PPT presentation
 Law of demand and the demand curve
 Law of Supply and the supply curve
 Equilibrium
 Non price factors that affect demand and supply
Week 1
ACHEK053
Complete Demand & Supply worksheet
Discuss the changes to price and quantity when either the demand or supply curve shifts
ACHEK053
Demand & Supply PPT
ACHEK053
Demand & Supply
worksheet
Extension: explore the concepts shortage and surplus and demonstrate how this is shown using the
demand/supply model
Lesson 4: Business productivity
Review the factors of production land, labour, capital and enterprise
Week 2
Before watching the clip below ask students how can businesses produce more? Why would the want to
produce more?
Watch clip: Productivity animation
 Who completed the most work?
 What does this tell us about the number of workers and output?
PPT presentation on way to improve business productivity
Read Unit 5.3 and answer questions 1 – 6
https://www.youtube.c
om/watch?v=uG0Qe7N
YG24
ACHEK054
Business productivity
PPT
Pearson - Humanities &
Social Sciences 10 WA
pg 94-97
Watch clips on Megafactories and discuss how innovation has lead to mass production
http://www.natgeotv.com/uk/megafactories
Lesson 4: Ethical considerations
Read the article Ethics explainer: conscience and discuss the following
 What does the term ethical mean?
 What id the difference between ethical awareness and ethical decision-making?
 Give examples of how ethical considerations are becoming more important when making
economic decisions
Article
Ethics explainer:
conscience
Jacaranda Plus –
Humanities Alice
Economics & Citizenship
pg 74-75
Read Unit 3.8 from Jacaranda Plus and complete questions 1, 2, 5 – 7.
Week 3
In groups, prepare and advertisement that encourages students to buy recycled paper. Indicate how you
plan to influence consumer choice.
Sweat Shops PPT
ACHEK052
ACHEK053
Lesson 5: Sweat Shops
PPT presentation on Sweat Shops
 Define ethical consumerism, sweat shops
 Nike Case Study – Behind the Swoosh documentary
Ethical economics worksheet
 Read articles relating to the Savar factory collapse in Bangladesh. Student records their thoughts
 Complete minimum vs. living wage data interpretation questions
Week 4
Lesson 6: Made in Bangladesh – the fifth estate
 Watch the documentary Made in Bangladesh – the fifth estate
 Students take detailed notes
https://www.youtube.c
om/watch?v=M5uYCW
VfuPQ
ACHEK052
ACHEK053
ACHEK054
Ethical economics
worksheet
https://www.youtube.c
om/watch?v=onD5UOP
5z_c
ACHEK052
ACHEK053
ACHEK054
Lesson 7: Assessment preparation
 Research and take notes in preparation for assessment
Lesson 8: Assessment preparation
 Complete extended answer template in preparation for assessment
Lesson 9: Assessment
 Student write an extended response on ethical economics
 Skill: Writing an essay
Week 4
Lesson 10: Adam Smith vs. Karl Marx – comparing economic systems
Students understand the difference between the three economic systems capitals, socialism and
communism
 Students play ‘swapping candy’ game see instruction on PDF
 Complete review activities and discuss this in relation to the three different types of economic
systems. What are the pros and cons of each system?
 Read information sheet on the different types of economic systems and discuss the characteristics
of Australia’s economic system
Extension: Create a factsheet comparing and contrasting Adam Smith and Karl Marx
Assessment: Ethical
Economics
In class essay with
prepared scaffold
Weighting 10%
ACHEK052
ACHEK053
ACHEK054
ACHEK050
Swapping Candy Game
PDF
Lesson 11: Economic Indicators - Economic Growth & the Business Cycle
Show introductory clip and discuss the following
 Define economic growth and optimal rate of growth
 Why is economic growth important?
 Is there such thing as too much growth?
Read Unit 3.4
 Answer economic growth and development worksheet
Week 5
Draw the business cycle and identify the 4 phases
Lesson 12: Economic Indicators – Unemployment
Show introductory clip and discuss the reasons for high youth unemployment in Australia. Write tips for
school leavers seeking employment (higher education, job service providers, perseverance)
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
Read Chapter 1.2 of the EBook. Discuss Australia’s unemployment trends
Using Chapter 1.2 of their EBooks students complete A3 worksheet on the 4 types of
unemployment and the effects of unemployment
Lesson 13: Economic Indicators – Inflation (causes)
 Compare prices of items now to prices in the 1970’s. Discuss why prices have increased
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
Watch clip: define inflation, distinguish between cost push and demand pull inflation.
Practice modeling inflation using the demand/supply model
Week 5
Lesson 14: Economic Indicators – Inflation (effects)
https://www.youtube.c
om/watch?v=qCU76O76X0
ACHEK050
ACHEK051
Jacaranda Plus –
Humanities Alice
Economics & Citizenship
pg 64 – 67
https://www.youtube.c
om/watch?v=sPX2ykm
NlF4
ACHEK050
Jacplus EBook Chapter
1.2
Unemployment
worksheet
Comparing prices
worksheet
https://www.youtube.c
om/watch?v=USj52Vlv
d5M
Modeling inflation
worksheet
ACHEK050
Case Study: Hyperinflation in Weimar Germany
 Look at the web links as a class and discuss the impact of hyperinflation on the people of Weimar
Germany.
Read Chapter 3.1 of the EBook and answer questions 1 -6
Lesson 15: Variation in living standards
Project map of living standards around the world and discuss the following:
 What are living standards?
 Why are living standards higher in some countries and lower then others?
Week 6
Watch clip on living standards
 Discuss the link between living standards and economic growth
Case Study: China - watch clip and how too much growth is having negative social, environmental and
economic consequences for China
Read Chapter 2.3 of EBook and answer questions 1 - 4
Week 6
Lesson 16: Lorenz Curve
 Income distribution PPT presentation
Students take notes on the Lorenz curve & Gini coefficient by labeling the graphs in their Lorenz
Curve worksheet
Discuss the link between income distribution and standard of living
 Reinforce learning with clip
Lesson 17: Management of Australia’s economy
Jacplus EBook Chapter
1.3
http://ingrimayne.com
/econ/EconomicCatastr
ophe/HyperInflation.ht
ml
ACHEK050
ACHEK051
https://surfingthenewn
ormal.wordpress.com/
2011/03/09/hyperinfl
ation-case-study-1weimar-republic/
Living standards map
from Gapminder
ACHEK051
Jacplus Clip Chapter 2
https://www.youtube.c
om/watch?v=t77bLtIck
2g
Jacplus EBook 2.4
Income distribution
PPT & Worksheet
ACHEK051
ACHEK052
https://www.youtube.c
om/watch?v=yN1alTA
Mo3w
ACHEK052
Week 7
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Explain that Australia operates as a mixed economy
Explain that there are two tools available to assist Australia’s economy – Fiscal & Monetary policy.
Read Unit 3.10 and answer questions 1 - 7
Jacaranda Plus –
Humanities Alice
Economics & Citizenship
pg 78 - 81
ACHEK052
Lesson 18: Expansionary vs. Contractionary policy stances
Using 3.1 of the EBook students create a table on their devices explaining the difference between
expansionary and contractionary policy stances for both fiscal and monetary policy. Students are then to
describe the impact on these stances on the economy.
Jacplus Chapter 3.1
Lesson 19: Externalities & government intervention
 Explain how consumer decisions can have an impact on a third party and that this can be either
negative or positive
Clip: When is a potato chip not just a potato chip? Discuss the following:
 What are externalities?
 What is a negative externality?
 What examples were used to show this from the clip
https://www.youtube.c
om/watch?v=ljrBEdgQU4
Show Prezi presentation student take notes on types and examples of positive and negative externalities
ACHEK052
https://prezi.com/qem
zhmf5jav2/externalityexternality/
Students create a factsheet on externalities and explain how the government intervenes to correct this
type of market failure.
Week 8
Lesson 20: Globalisation & APEC
 Read Unit 4.1 and answer questions 1 – 3
Watch clip on Free Trade Agreements and discuss the following:
 What is an FTA?
 Why are FTA’s important to Australia?
 What countries has Australia recently made FTA’s with? Why do you think this is?
 Read Unit 4.6 and answer questions 1 – 4
Complete FTA research task
https://www.youtube.c
om/watch?v=Kfs9NR30
NCM
Jacaranda Plus –
Humanities Alice
Economics & Citizenship
pg 90 – 91 & 100 - 101
FTA research task
ACHEK052
Lesson 21: Revision
Study skills: palm cards, revision ppt’s, pair work
Lesson 22: Revision
Lesson 23: Topic Test
Assessment: Topic test
on Macroeconomic
Theory
Weighting 10%
Elaborated Links
Economic performance and living standards
 Indicators of economic performance (e.g. economic growth rates, unemployment trends, inflation rates, human
development index, quality of life index, sustainability indexes) and how Australia's economy is performing
(ACHEK050)
 The links between economic performance and living standards, the variations that exist within and between
economies and the possible causes (e.g. foreign investment, employment rates and levels of debt) (ACHEK051)
 The distribution of income and wealth in the economy and the ways in which governments can redistribute income
(e.g. through taxation, social welfare payments) (ACHEK051)
 The ways that governments manage the economy to improve economic performance and living standards (e.g.
productivity policy, training and workforce development policy, migration), and to minimise the effects of
externalities (e.g. regulation) (ACHEK052)
 Factors that influence major consumer and financial decisions (e.g. price, availability and cost of finance, marketing
of products, age and gender of consumers, convenience, ethical and environmental considerations) and the shortterm and long-term consequences of these decisions (ACHEK053)
 Ways that businesses respond to improved economic conditions (e.g. increasing their research and development
funding to create innovative products, adjusting marketing strategies to expand their market share) (ACHEK054)