11–12Business and Economics Life Skills 11–12 Syllabus (2026)
The new Business and Economics Life Skills 11–12 Syllabus (2026) is to be implemented from 2028 and will replace Business and Economics Life Skills Stage 6 (2010).
2027
- Plan and prepare to teach the new syllabus
2028, Term 1
- Start teaching the new syllabus for Year 11
- Continue to teach Business and Economics Life Skills Stage 6 (2010) for Year 12
2028, Term 4
- Start teaching the new syllabus for Year 12
Content
Life Skills
Through collaborative curriculum planning, it may be decided that Life Skills outcomes and content are the most appropriate option for some students with intellectual disability.
Students explore key concepts relating to managing a business through the study of one or more of the following:
- Management and human resources
- Operations
- Marketing
- Growth and decline
Case study
Students’ knowledge and understanding of concepts related to managing a business may be developed through a Loading .
Students consider the following:
- The purpose or goals of the business
- The role of leaders and managers in the business
- Marketing methods or techniques used by the business
- Daily tasks and activities of the business
- Resources required for the business to operate
- Training needed for new staff
- Ways the business supports diversity and inclusion
- Ways technology is used
- Methods the business uses to make improvements
- Challenges the business could face
- How the business proactively plans for or overcomes challenges
This content aligns with course content from the following focus areas in Business Studies 11–12 Syllabus:
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The purpose of finance for a business
Reasons a business needs finance at different stages
The difference between revenue, expenses, profits and loans
Sources of finance for a business
Advantages and disadvantages of different sources of finance
Reasons a business may not make as much money as they expected
The role of a budget to manage the finances of a business
Ways to develop a business budget
Ways to record income and expenditure
Why a business needs financial records
Factors that influence how much money a business receives and spends
Ways to manage the funds of a business
Ways to improve the financial management of a business
Access to financial support services and tools for a business
The impact of price on consumers
Impact of consumer spending on businesses
Indicators of business growth
Ways businesses can improve growth
Methods businesses use when competing to attract customers
Ways to identify strengths and weaknesses in a business
Potential consequences for a business if it experiences decline
Ways that the cost of resources can impact business growth
Ways consumer spending and unemployment can impact business growth
Ways leadership and management can impact business growth
Ways changes in productivity can impact business growth
Ways marketing methods can impact business growth
Ways technology can impact business growth
Develop a budget for a real or hypothetical business
Record income and expenditure for a real or hypothetical business
Calculate income and expenditure to determine profit and loss
Demonstrate skills and strategies to access support to plan and manage finances
Use data to determine patterns or trends in the growth or decline of a real or hypothetical business