7–10Commerce 7–10 Syllabus (2024)

Reasons why a young adult may leave home and live independently

Reasons why a young adult may continue to live at home

How to apply for legal and medical identification

The types of support provided by government, community and religious organisations

Major costs involved in independent living, including establishment costs and ongoing costs

The different types of insurance policies and why they are important

The importance of maintaining a healthy credit score

Types of financial support provided to young people by the government

Strategies to minimise financial problems

Constructing a household budget that includes income, savings and fixed and variable expenses

Consequences of poor financial management

Types of accommodation and their suitability for particular situations and needs

Compare accommodation costs and calculate affordability

The process of arranging a lease, including tenancy rights and responsibilities

Purchasing a car, including initial costs, recurring costs and depreciation

Purchasing major household items

Options available when purchasing major items, including payment options, and new, second-hand and joint ownership

Evaluation of alternatives to purchasing major goods and services, including participating in the sharing economy

Investigate a current issue that has an impact on the independence of young people and communicate findings using relevant subject-specific terminology in written, oral, visual or multimodal form

Create written texts to explain and analyse aspects of developing independence