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7HASS - Economics: Home

This guide provides an introduction to Economics.

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Books in our Library

Complete Idiot's Guide to Economics

Collection: BUSINESS/TECHNOLOGY

Cartoon Introduction to Economics Vol 2

Collection: BUSINESS/TECHNOLOGY

Australian Economics Dictionary

Collection: BUSINESS/TECHNOLOGY

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In which Jacob Clifford and Adriene Hill launch a brand new Crash Course on Economics! So, what is economics? Good question. It's not necessarily about money, or stock markets, or trade. It's about people and choices. What, you may ask, does that mean. We'll show you. Let's get started!

 E.    2005.    24:20

Explore the basic concepts of economics, and learn how people play an important role as both consumers and producers. Find out about wants and needs, goods and services, and scarcity and demand - the basic building blocks of the economy.

It’s very common to see the number 9 at the right end of a price tag. Why is this? Lauren explains the psychology of prices and nines in this episode of BrainStuff.

Most of us spend most of our lives working in one way or another. Most of us also eagerly anticipate the times when we can stop working. When we get the chance, how many of us really stop altogether? What motivates us to work or not work, and our feelings about the work we do?

 PG.    NITV.    3:06

Your super (superannuation) is your retirement fund, which your employer/s must invest in, by law. Here's some good advice about minimising costs and getting the most benefit from it.

The folk at Big Ideas Wales know that there's no one better to tell you what's an entrepreneur and the skills you'll need than: entrepreneurs. So they asked some, and here's what they had to say... Attitude, creativity, organisation and relationships were the 4 key points that make a successful entrepreneur:

You've probably heard the word "Entrepreneur" thrown around a lot in business. It conjures images of Elon Musk, Bill Gates, or Oprah Winfrey. But, it goes way beyond that. In this episode of Crash Course Business: Entrepreneurship, Anna helps us to figure out who Entrepreneurs are, and what that title actually means.

 7 Digital.   21:29.    25th August, 2019

Sunday Nights sits down with three teen entrepreneurs to discuss how they are getting crazy rich.

 E    2010   22:36

Shopping, it's a pastime many of us know well. In fact for many people shopping is the ultimate leisure activity. Everyone loves a bargain, but how often do we think of the origins of the products we buy? Who made these products, under what conditions and at what cost to the environment? It may seem like we are getting a cheap deal, but what does the item’s production really cost our world? In this Australian-made, curriculum fit programme we tackle the issue of ethical consumerism, focusing on the global consumer, ethics, sustaining our future, fair trade and consumer choice.

 2020   3:30

Key Terms

 

  • Consumer - Anyone (person or business) that uses (consumes) goods or services. Each one of us is a consumer.
  • Demand: How much consumers want a particular good or service.
  • Needs – Goods and services which consumers need to survive. These include fresh water, clothing and food.
  • Wants – Goods or services which consumers can live without but would like to have.
  • Scarcity - Resources or products that aren’t available in unlimited quantities are scarce; as scarcity of an item increases, so do prices

(Consumer Affairs Victoria,2019)

  • Retirement - to withdraw from one’s position or occupation or from active working life.You can achieve retirement when you have sources of income that do not have to be earned by working.

(The Balance, n.d.)