Year 8 Business and Economics
  • Economics/Markets
    • Week One - Markets >
      • Lesson 1 - Economics and business concepts
      • Lesson 2 - Markets
    • Week Two >
      • Lesson 3 - Markets Case Study
      • Lesson 4 - circular flow model
    • Week 3 - Economic Systems >
      • Lesson 5 - The four Economic Systems
      • Lesson 6 - The Command Economic System
    • Week 4 - Government involvement in the Market >
      • Lesson 9 - Government and the Economy
      • Lesson 10 - Taxation
      • Lesson 11 - Assignment and Government Spending
    • Week 5 - The Future of work >
      • Lesson 13 - Influences on the way people work - Technology and artificial intelligence
      • Lesson 14- Influences on the way people work - Outsourcing
    • Week 6 - Working conditions >
      • Lesson 16- Working conditions and child labour
    • Week 7 - Types of Industries >
      • Lesson 23- Types of Industries - The manufacture Process (Primary, Secondary, Tertiary)
    • Week 8 - Consumers and Producers >
      • Lesson 24- Legal and social responsibilities of businesses
      • Lesson 25- Socially responsible businesses - The Body Shop
      • Lesson 26- Consumer law in Australia
  • glossary
  • New Page

Lesson 9 - Government and the Economy

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​Aim:
​ 
To explore the government involvement in the economy
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Today's task:

Read the text provided below (in 'links and resources')

Take notes of the key points from each section using a 'wagon wheel' (provided)

When you are finished, answer the lesson extension questions in 'Let's go deeper' (below)

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1. How can government welfare payments have an impact on the market for goods and services?
 
2. Why might it be important for government to be involved in the regulation of wages and working conditions for employees?
 
3. What effect might environmental laws have on the costs experienced by businesses in managing waste from their production processes?
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government_involvement_in_the_market_-_extract_from_jac_plus.docx
File Size: 1405 kb
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lesson_9_-_gov_involvement.pptx
File Size: 1871 kb
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brainstorm_wheel.pptx
File Size: 1364 kb
File Type: pptx
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Think about all the different way the government influences our economy in Australia. How many can you name?
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  • Economics/Markets
    • Week One - Markets >
      • Lesson 1 - Economics and business concepts
      • Lesson 2 - Markets
    • Week Two >
      • Lesson 3 - Markets Case Study
      • Lesson 4 - circular flow model
    • Week 3 - Economic Systems >
      • Lesson 5 - The four Economic Systems
      • Lesson 6 - The Command Economic System
    • Week 4 - Government involvement in the Market >
      • Lesson 9 - Government and the Economy
      • Lesson 10 - Taxation
      • Lesson 11 - Assignment and Government Spending
    • Week 5 - The Future of work >
      • Lesson 13 - Influences on the way people work - Technology and artificial intelligence
      • Lesson 14- Influences on the way people work - Outsourcing
    • Week 6 - Working conditions >
      • Lesson 16- Working conditions and child labour
    • Week 7 - Types of Industries >
      • Lesson 23- Types of Industries - The manufacture Process (Primary, Secondary, Tertiary)
    • Week 8 - Consumers and Producers >
      • Lesson 24- Legal and social responsibilities of businesses
      • Lesson 25- Socially responsible businesses - The Body Shop
      • Lesson 26- Consumer law in Australia
  • glossary
  • New Page