Year 7 Economics and Business

As a commodity, wool is highly influenced by consumer demand in a global market place. The LEARN ABOUT WOOL resources provide an ideal opportunity for Year 7 students to examine how the Australian wool industry responds to consumer needs and demands, particularly in light of a global trend towards more sustainably produced food and fibre sources.

The wool industry has a wide range of case studies and business management tools, which students can utilise to develop an understanding of the key success factors in managing a healthy business and a rewarding lifestyle.

The following curriculum-based resource packages include a variety of interactive resources, including downloadable PDF factsheets, websites, age-appropriate video-clips and publications.

These resources have been compiled to help teachers use the Australian wool industry to teach Year 7 Economics and Business in an engaging and educational way that meets the requirements of the Australian Curriculum.

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The business of wool

Strand: Economics and business

Substrand: Knowledge and Understanding

Content code: ACHEK017

Content description: The ways consumers and producers respond to and influence each other in the market.

 

Strand: Economics and business

Substrand: Business skills

Content codes: ACHES021 – ACHES026

Content description: Opportunities exist to incorporate the full strand depending on the classroom activity being undertaken.

Overview

The following package of resources uses the Australian wool industry to help you meet the requirements of the Year 7 Economics and Business curriculum.

Students can investigate the following resources to help them examine how businesses respond to the demands of consumers, for example preference for sustainably produced, natural fibres. (ACHEK017).

Resources

Click on an image below to view the relevant resource. All PDFs can be saved for use in the classroom; either on individual computers, laptops and tablets or smartboards, or they can be reproduced as hard-copy handouts.

Learn About Wool kit

Secondary Factsheets

Product samples

Allowing students to investigate a range of woollen fabrics will help them appreciate how wool producers manage their flocks to meet market demands for a range of fabrics. Samples of raw and processed fibre, yarn and fabric are included in the hard copy version of the Learn About Wool kit, which is available upon request by contacting teacherskit@wool.com

Websites

Online publication

Beyond the Bale

Beyond the Bale (BtB) is a quarterly Australian wool industry publication covering all aspects of the wool pipeline, from farm to fashion. BtB is freely available upon subscription as both a hard-copy or digital publication.

beyondthebale.wool.com

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Business planning

Strand: Economics and business

Substrand: Knowledge and Understanding

Content code: ACHEK018

Content description: Why and how individuals and businesses plan to achieve short-term and long-term personal, organisational and financial objectives.

 

Strand: Economics and business

Substrand: Business skills

Content codes: ACHES021 – ACHES026

Content description: Opportunities exist to incorporate the full strand depending on the classroom activity being undertaken.

Overview

The following package of resources uses the Australian wool industry to help you meet the requirements of the Year 7 Economics and Business curriculum.

Students can investigate the following resources to help them prioritise short-term personal financial objectives and identify how these objectives can be achieved, for example through developing a budget (ACHEK018), explain how financial records such as income statements, budget and cash flow inform business decision-making (ACHEK018), explore ways businesses manage finances and plan in the short and long term, for example by developing a business plan (ACHEK018).

Resources

Click on an image below to view the relevant resource. All PDFs can be saved for use in the classroom; either on individual computers, laptops and tablets or smartboards, or they can be reproduced as hard-copy handouts.

Learn About Wool kit

Secondary Factsheets

Websites

Online publication

Beyond the Bale

Beyond the Bale (BtB) is a quarterly Australian wool industry publication covering all aspects of the wool pipeline, from farm to fashion. BtB is freely available upon subscription as both a hard-copy or digital publication.

beyondthebale.wool.com

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Characteristics of success

Strand: Economics and business

Substrand: Knowledge and Understanding

Content code: ACHEK020

Content description: Characteristics of entrepreneurs and successful businesses.

 

Strand: Economics and business

Substrand: Business skills

Content codes: ACHES021 – ACHES026

Content description: Opportunities exist to incorporate the full strand depending on the classroom activity being undertaken.

Overview

The following package of resources uses the Australian wool industry to help you meet the requirements of the Year 7 Economics and Business curriculum.

Students can investigate the following resources to help them investigate well-known entrepreneurs and identify the behaviours and skills they bring to their business, for example establishing a shared vision; demonstrating initiative, innovation and enterprise (ACHEK019), observe local businesses to identify factors that contribute to their success, for example location, quality of service, a high-quality product, sound management practices (ACHEK019).

Resources

Click on an image below to view the relevant resource. All PDFs can be saved for use in the classroom; either on individual computers, laptops and tablets or smartboards, or they can be reproduced as hard-copy handouts.

Learn About Wool kit

Secondary Factsheets

Websites

Online publication

Beyond the Bale

Beyond the Bale (BtB) is a quarterly Australian wool industry publication covering all aspects of the wool pipeline, from farm to fashion. BtB is freely available upon subscription as both a hard-copy or digital publication.

beyondthebale.wool.com

Career satisfaction

Strand: Economics and Business

Substrand: Knowledge and Understanding

Content code: ACHEK020

Content description: Why individuals work, types of work and how people derive an income.

 

Strand: Economics and Business

Substrand: Business skills

Content codes: ACHES021 – ACHES026

Content description: Opportunities exist to incorporate the full strand depending on the classroom activity being undertaken.

Overview

The following package of resources uses the Australian wool industry to help you meet the requirements of the Year 7 Economics and Business curriculum.

Students can investigate the following resources to help them investigate the contribution that work can make to an individual, for example earning an income, contributing to an individual’s self-esteem, material and non-material living standards and happiness (ACHEK020), explore different types of work such as full-time, part-time, casual, at home, paid, unpaid, volunteer (ACHEK020).

Resources

Click on an image below to view the relevant resource. All PDFs can be saved for use in the classroom; either on individual computers, laptops and tablets or smartboards, or they can be reproduced as hard-copy handouts.

Learn About Wool kit

Secondary Factsheets

Websites

Online publication

Beyond the Bale

Beyond the Bale (BtB) is a quarterly Australian wool industry publication covering all aspects of the wool pipeline, from farm to fashion. BtB is freely available upon subscription as both a hard-copy or digital publication.

beyondthebale.wool.com