• HOME
  • Naplan
  • 7 english
    • News and Media T1. Wk 1-7
    • Media assessment task - temporary page
    • Motivational Speeches T1. Wk 7-11
  • 7 HASS
    • Water in the world
  • 9 literacy
  • 9 HASS V2
    • Prisoners, prisoners, everywhere !
    • RESEARCH TERM ONE
    • Arrival
    • Black Hand Videos
  • HOME
  • Naplan
  • 7 english
    • News and Media T1. Wk 1-7
    • Media assessment task - temporary page
    • Motivational Speeches T1. Wk 7-11
  • 7 HASS
    • Water in the world
  • 9 literacy
  • 9 HASS V2
    • Prisoners, prisoners, everywhere !
    • RESEARCH TERM ONE
    • Arrival
    • Black Hand Videos
MISS SKALSKI
  • HOME
  • Naplan
  • 7 english
    • News and Media T1. Wk 1-7
    • Media assessment task - temporary page
    • Motivational Speeches T1. Wk 7-11
  • 7 HASS
    • Water in the world
  • 9 literacy
  • 9 HASS V2
    • Prisoners, prisoners, everywhere !
    • RESEARCH TERM ONE
    • Arrival
    • Black Hand Videos

economics 

What are we going to learn ?

What you need to run a business
How to budget for things you want/ need
How to deal with changes in budgets, expenses and running a business
What an entrepreneur is and how do you become one

Words to know

business_word_match.docx
File Size: 15 kb
File Type: docx
Download File

  • Business: An organisation, enterprise or business engaged in production and trade of goods or services, usually for profit.
  • Budget: An estimate of future income and expenditure
  • Income: Money received by a business or individual
  • Expenditure: Money spent by a business or individual
  • Target market : the people who are most likely to buy the goods or service
  • Advertising: a way of letting people know about your product or service
  • Customer: a person who buys your product or service
  • Profit: The money you make after all expenses have been taken out​


What do we need to run a business ? 

I've decided that as many of my students like eating lollies that i will buy lollies and sell them to make money.  
In small groups create a mind map to show what i will need to consider in starting and running my business. if you get stuck for ideas look at the list of words we went through earlier. 

Consider : Who- What- Where- When- How-  Why 

​
mindmap_proforma.docx
File Size: 54 kb
File Type: docx
Download File

Picture
You can also use this online tool to create mindmaps: ​MindMup
Picture
From here we can start to understand how we can run our business and the things we might need to spend money on ( our expenses ) 

Knowing how we are spending money and how we can use and save our money is called a budget. Budgets help plan for the money we get ( our income ) and makes sure we have enough to cover our expenses.

Mini holiday budget


Let's create a budget for an weekend summer camping trip to a national park with your best mate.
You need to budget for 
6 meals and snacks / drinks - no water available
cost of national camping sites
You have a budget of $50 for the weekend
-------------------------------------------------------------------------------------------------------------------

​In your online books write down under the heading  "Weekend Camping Trip"
1. Your destination and price of the site - you must stay at a national park 
 National Parks… - National Parks and Wildlife Service South Australia
2. A menu of the 6 meals you will eating ( you must eat all three meals a day and cannot eat the same meal for than 2 times ) 
3. A list of the ingredients you will need to buy and the price of each item ( and amount if needed)
Woolworths Supermarket - Buy Groceries Online
​
You can also buy these extra items 
- internet access $5 a day
- access to good hot shower ( not the normal campsite one ) $ 5 per use
- private toilet $5 day

-------------------------------------------------------------------------------------------------------------------

You already have : tent/ sleeping bags/swag
- food containers/ cups etc/ saucepans
- personal items such as deodorant / suncreen
- matches and cooking utensils
- you have an esky to keep food cold
​
menu example - this comes to a total of $42 
day one:  
breakfast - toast and promite, orange juice
lunch - two minute noodles, orange juice
dinner - sausages and bread with sauce, milo with milk

day two
breakfast- toast and promite, water
lunch - two minute noodles, milo with water
​dinner - sausages and bread, milk

snacks : marshmallows, museli bars

Ingredient list example  ( make sure you have enough for 2 people)
1 loaf bread $1.30
1 jar promite $2.00
2 bottles of water $2.00
3 litre orange juice $3.00

​

Picture
Picture


​When you have finished...

Win a prize... the person or pair who are able to get the best deal wins...

This must be completed on a separate ( normal)  word document and printed off by the end of this lesson and I will look at and award  the winner tomorrow in our English lesson :)   You can work as a group or individually but only one block of chocolate will be awarded.

What is the best deal you can get for a one week ( 7 days ) holiday to Bali ?

You need to show the cost for 
​

- Accommodation - 7 nights  ( include name of hotel and price per night)
- Meals ( work out money per day x7  and give an example of what you might order) 
- Transport including flights there and back and daily transport 
- Two tours to places or events eg cruises/ zoos/ island trips etc. include names and prices of tours

​

​