Business & Economics

Year 10 Business & Economics is an exciting and practical subject that helps students develop the knowledge and skills needed for success in life, work, and future business opportunities. Students will explore how businesses operate, how consumers make decisions, and how limited resources are used to meet society’s needs and wants. They will gain an understanding of Australia’s economy and its connections with the global economy, particularly within the Asia-Pacific region, while developing valuable skills in entrepreneurship, financial literacy, problem-solving, teamwork, and communication.

A highlight of the course is Market Day, where students will plan, create, market, and run their own small business during lunchtime, putting their learning into action and experiencing the challenges and rewards of entrepreneurship firsthand. This subject is ideal for students who are interested in business, money, leadership, innovation, and developing practical skills that will benefit them in a wide range of future careers.  

What You Will Learn

Economic Performance and Australia's Economy

• Identify and explain key indicators of economic performance, including economic growth, unemployment, inflation, and living standards.
• Examine how Australia's economy is performing and how economic conditions impact individuals, businesses, and governments.
• Analyse current economic issues and trends using real-world data and case studies.

Managing Financial Risks and Rewards

• Explore how people make financial decisions through budgeting, saving, investing, and borrowing.
• Understand the risks and rewards associated with different financial choices.
• Develop practical financial literacy skills to help manage money effectively now and in the future.

Innovation and Competitive Advantage in Business

• Investigate how innovation helps businesses succeed and respond to changing consumer needs.
• Examine how businesses create and maintain a competitive advantage in local and global markets.
• Explore the role of entrepreneurship, marketing, and technology in driving business success.

Semester 1

Year 10 Students will learn about Economics, economic literacy, economic indicators as a measurement of economic performance and their influence on economic decision-making and the changing patterns of Australia’s international trade and the costs and benefits of globalisation.

Students will show their learning in various ways, such as:

• Class discussions
• Collaborative work
• Inquiry tasks
• Real-world case studies
• Written work 

Semester 2

Year 10 Students will learn about Business and how to run a successful small business. Students will participate in Market Day. 

Students will show their learning in various ways such as:

• Class discussions
• Collaborative work
• Business planning for Market Day
• Marketing and promotion for Market Day
• Financial management for Market Day
• Entrepreneurial skills for Market Day
• Written work

Assessment Tasks

Business Plan for Market Day

Economics Test

Future School Pathways

VCE General

• VCE Accounting
• VCE Business Management
• VCE Economics

VCE-VM Vocational Major

• VM Work Related Skills

VCE VET Certificates

• VCE VET Business