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Learners investigate options for personal consumer and financial choices and apply responsible financial management strategies. Integrated skills include developing questions, gathering and processing information, analysing familiar and new situations, evaluating options, planning actions, and reaching evidence-based conclusions using reasoned arguments in independent and collaborative settings.",{"@graph":63,"@context":118},[64,80,101],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":51,"@type":70,"position":76},"https://docshare.wps.com/template/general/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/commerce-year-7-10-core-1-consumer-and-financial-decisions/164554/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/commerce-year-7-10-core-1-consumer-and-financial-decisions/164554.png","ImageObject",442,249,{"name":88,"@type":89},"Theodore","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/vnd.openxmlformats-officedocument.wordprocessingml.document","2026-09-20","2026-08-31",true,{"@type":98,"interactionType":99,"userInteractionCount":79},"InteractionCounter",{"@type":100},"ViewAction",{"@type":102,"mainEntity":103},"FAQPage",[104,110,114],{"name":105,"@type":106,"acceptedAnswer":107},"What does this topic help students learn about consumer and financial decisions?","Question",{"text":108,"@type":109},"Students learn to identify and research issues individuals face when making consumer and financial decisions, and to understand how laws protect consumers through mechanisms such as consumer redress.","Answer",{"name":111,"@type":106,"acceptedAnswer":112},"Which strategies are used to evaluate options in consumer and financial choices?",{"text":113,"@type":109},"Students examine a range of options related to personal consumer and financial decisions, compare advantages and disadvantages (including payment options), and assess responsible financial management strategies using evidence-based reasoning.",{"name":115,"@type":106,"acceptedAnswer":116},"What skills are integrated into the teaching and learning activities for this topic?",{"text":117,"@type":109},"The topic integrates skills such as developing questions, gathering and processing relevant information, analysing situations, evaluating options, developing and implementing plans, and forming evidence-based conclusions and reasoned arguments independently and collaboratively.","https://schema.org",{"og:url":78,"og:type":120,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":122,"canonical":78},"index,follow",{"doc_id":124,"site_id":56},164554,1788155811,{"code":4,"msg":5,"data":127},{"doc_id":124,"user_id":128,"nickname":88,"user_avatar":129,"doc_module":9,"category_id":50,"category_name":51,"doc_title":59,"doc_description":61,"doc_content":130,"file_id":131,"file_url":132,"file_type":133,"file_size":134,"view_count":76,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":135,"language":136,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":137,"faqs":138,"seo_title":139,"seo_description":61,"update_tm":125,"read_time":140},7971461740886,"https://ap-avatar.wpscdn.com/davatar_3d24733baf745e90a7e4bdd5f77d97b2","Commerce Year 7-10. Core 1 – consumer and financial decisions.\nStudents learn how to identify and research issues that individuals encounter when making consumer and financial decisions. They investigate laws and mechanisms that protect consumers including the process of consumer redress. Students examine a range of options related to personal decisions of a consumer and financial nature and assess responsible financial management strategies.\nSkills to be integrated in this topic as appropriate: developing questions, gathering and processing relevant information, analysing familiar and new situations, evaluating options, developing and implementing plans, developing evidence-based conclusions/decisions and reasoned arguments, working independently and collaboratively.\nOutcomes\nA student:\nCOM5-1 applies consumer, financial, economic, business, legal, political and employment concepts and terminology in a variety of contexts\nCOM5-2 analyses the rights and responsibilities of individuals in a range of consumer, financial, economic, business, legal, political and employment contexts\nCOM5-3 examines the role of law in society\nCOM5-4 analyses key factors affecting decisions\nCOM5-5 evaluates options for solving problems and issues\nCOM5-6 develops and implements plans designed to achieve goals\nCOM5-7 researches and assesses information using a variety of sources\nCOM5-8 explains information using a variety of forms\nCOM5-9 works independently and collaboratively to meet individual and collective goals within specified timeframes\nRelated Stage 4 outcomes: COM4-1, COM4-2, COM4-3, COM4-4, COM4-5, COM4-6, COM4-7, COM4-8, COM4-9\n\u0013 HYPERLINK \"http://educationstandards.nsw.edu.au/wps/portal/nesa/k-10/learning-areas/hsie/commerce-7-10-2019\" \u0014Commerce 7-10 Syllabus\u0015 © NSW Education Standards Authority (NESA) for and on behalf of the Crown in right of the State of New South Wales, 2019\nTeaching and learning activities\nLearning sequence 1 - the nature of commerce\nStudents:\ninvestigate the scope of commerce, including the concepts of: consumer, needs and wants, goods and services, resources, scarcity and how these may impact on choice.\n1.1 - investigating commerce\nTeachers’ note - young people have increased their spending power now more than ever in the past. Young consumers have significant influence over their parents spending with children being the target of marketing and advertising for many businesses. It is important for students to have an understanding of commerce to make informed choices about consumer decisions.\nTerminology for this lesson sequence:\nMaterials required:\ncoloured Post-it note pads\n2 pieces of butcher’s paper\nlaminated flip cards (50-60) with images of goods, services, needs and wants\nsticky tape\nActivities:\nWhat is commerce?\nPlace two pieces of butcher’s paper on opposite sides of the classroom. Label one poster ‘What is commerce?’ and the second poster ‘Why is commerce important?’\nEach student will need 2 post-it notes. Start with ‘What is commerce?’ Predict what the commerce course is about and write down ideas on one Post-it note. On another Post-it note write down ‘Why is commerce important?’ Discuss. Add Post-it notes to the appropriate poster\nNeeds versus wants\nDivide the class into five groups. Give each group a variety of images (at least 10-15 images, suggestions of images you could use are provided below) with two minutes to sort their images into price, most wanted or least wanted, need, want, good or services.\nIdeas to get you started.\nAsk each group to report back to the class on how they have sorted their images. Draw a table on one half of the board with the following headings:\nPlace images on the whiteboard in the correct segment of the board. Teacher leads a structured discussion on the differences between goods and services, needs and wants including deciphering between clothing that can be classified as a need and a want.\nDream purchase\nBrainstorm a ‘dream purchase’ you would make with $500 to spend onl","cbCaiscB4yxnoo8E","https://ap.wps.com/l/cbCaiscB4yxnoo8E","docx",115899,26,"English","# Learning sequence 1 - the nature of commerce\n## Investigating commerce\n## Needs versus wants\n## Dream purchase\n# Learning sequence 2 - consumer and financial decisions\n## Factors influencing decisions\n## Spend or save decisions\n## What to buy and where to buy\n## Payment options","[{\"question\":\"What does this topic help students learn about consumer and financial decisions?\",\"answer\":\"Students learn to identify and research issues individuals face when making consumer and financial decisions, and to understand how laws protect consumers through mechanisms such as consumer redress.\"},{\"question\":\"Which strategies are used to evaluate options in consumer and financial choices?\",\"answer\":\"Students examine a range of options related to personal consumer and financial decisions, compare advantages and disadvantages (including payment options), and assess responsible financial management strategies using evidence-based reasoning.\"},{\"question\":\"What skills are integrated into the teaching and learning activities for this topic?\",\"answer\":\"The topic integrates skills such as developing questions, gathering and processing relevant information, analysing situations, evaluating options, developing and implementing plans, and forming evidence-based conclusions and reasoned arguments independently and collaboratively.\"}]","Commerce Year 7-10 - Core 1 - Consumer and financial decisions | DOCX",9]