Year 7 Economics and Business · Australian Curriculum v9
Why opportunity cost exists as decisions are made to allocate limited resources to meet unlimited needs and wants
Content descriptor
Why opportunity cost exists as decisions are made to allocate limited resources to meet unlimited needs and wants.
- Code
- AC9HE7K01
- Year level
- Year 7
- Subject
- Economics and Business
- Strand
- Knowledge and understanding
Resources you can generate for AC9HE7K01
Every resource is built from the same learning intention, so the vocabulary and examples stay consistent across the whole lesson. All outputs are fully editable.
Lesson plan
5-part or workshop structure (DOCX)
Worksheet
MCQ, true/false, short & extended response
PowerPoint slides
Designed, year-level-appropriate deck
Cloze activity
Fill-in-the-blank with word bank
Kahoot / Blooket
Import-ready quiz files
Reading & vocab
Levelled texts, comprehension guides
A sample to start from
Generated from the descriptor as a starting point — edit to suit your class.
Learning intention
We are learning to why opportunity cost exists as decisions are made to allocate limited resources to meet unlimited needs and wants.
Cloze sentence
Why cost exists as decisions are made to allocate limited resources to meet unlimited needs and wants.
Related Year 7 Economics and Business descriptors
- AC9HE7K02The reasons businesses exist and how different types of businesses provide goods and services
- AC9HE7K03Characteristics of entrepreneurs and how these influence the success of a business
- AC9HE7K04The reasons individuals work, the types of work they are involved in, and how they may derive an income
- AC9HE7K05The rights and responsibilities of individuals and businesses in relation to consumer and financial products and services
- AC9HE7S01Develop questions to investigate a contemporary economic and business issue
- AC9HE7S02Locate, select and organise information and data from a range of sources
- AC9HE7S03Interpret information and data to identify economic and business issues, trends and economic cause-and-effect relationships
- AC9HE7S04Develop a response to an economic and business issue, identifying potential costs and benefits
Economics and Business at other year levels
Frequently asked questions
What is AC9HE7K01?
AC9HE7K01 is a content descriptor in the Year 7 Economics and Business curriculum (Australian Curriculum v9, Knowledge and understanding strand). It asks students to why opportunity cost exists as decisions are made to allocate limited resources to meet unlimited needs and wants.
What year level is AC9HE7K01?
AC9HE7K01 sits in the Year 7 Economics and Business curriculum.
How can I create resources for AC9HE7K01?
Enter the learning intention on the Lesson Creator create page and generate a lesson plan, worksheet, slides, cloze activity and quiz aligned to AC9HE7K01 — all editable and ready for the classroom.
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