Victorian Curriculum / Learning Areas / The Humanities / Economics and Business / Resource Allocation and Making Choices

Describe the difference between needs and wants and explain why choices need to be made (VCEBR001)

Data and Decisions Connections Preview Unit

Pretest · Pretesting and Familiarisation
Your students will complete a pretest about business and economics.
Budgeting Needs and Wants · Learning Opportunities
Your students will explore the difference between needs and wants as they select what items to buy for an imaginary family.

Spend and Save Question-Based Investigations Preview Unit

Assessment · Synthesis Phase
You will conduct a conference with each student to assess their understanding of the content they have learnt during their research.