7–10Commerce 7–10 Syllabus (2024)
The new Commerce 7–10 Syllabus (2024) is to be implemented from 2027 and will replace the Commerce 7–10 Syllabus (2019).
2025 and 2026 – Plan and prepare to teach the new syllabus
2027 – Start teaching the new syllabus
School sectors are responsible for implementing syllabuses and are best placed to provide schools with specific guidance and information on implementation given their understanding of their individual contexts. Schools may choose to implement the new syllabus during the planning and preparation phase.
Content
Stage 5
Teachers select options from:
- Our economy
- Running a business
- Promoting and selling
- Investing
- Law in action
- Political and community involvement
- The travel consumer
- Towards independence
- School-developed option.
The key economic indicators used to determine Australia’s economic performance, including the rate of economic growth, inflation and unemployment
Comparison of Australia’s economic performance with one other economy using key economic indicators and economic data
The relationship between economic performance and living standards
The use of fiscal policy to influence the level and nature of economic activity, including the role of federal budgets
The use of monetary policy to influence interest rates in the economy, including the role of the Reserve Bank of Australia (RBA)
The reasons for international trade
Australia’s major exports and imports, including goods, services and resources, and the implications of trade deficits and trade surpluses
Australia’s trading partners, including how they shift over time
The reasons for changes to Australia’s trading patterns, including possible future trends
Investigate a current economic issue, its cause(s), the impacts on individuals, groups and the economy, and government policy responses, and communicate findings using relevant subject-specific terminology in written, oral, visual or multimodal form
Create written texts to explain and analyse aspects of our economy