OVERVIEW

OVERVIEW

Week 1: Needs and Wants

ENGLISH
ENGLISH

This week in class we learnt that…

Econ
BB&&Econ

● Economics and Business is the study of

acquiring and managing resources
● Resources can be classified in multiple
ways

HEALTH
HEALTH
○ Goods, Services and Ideas
○ Needs and Wants
● Needs and wants define trends and

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patterns in Business

To cement your learning on defining

SLIDESMANIA.CO

Needs and Wants watch this video...

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Week 1: Needs and Wants

ENGLISH
ENGLISH

Your task:
Find 3 businesses that create/produce/sell the
Econ
BB&&Econ

following products:

HEALTH
HEALTH
FOOD WATER

A PET MOVIE

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PHONE A CAR

GYM MEMBERSHIP HOUSING

SLIDESMANIA.CO

VIDEO EDUCATION

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SLIDESMANIA.CO
Econ
BB&&Econ ENGLISH
ENGLISH OVERVIEW
OVERVIEW

Food
Week 1: Needs and Wants

Water

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Econ
BB&&Econ ENGLISH
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A Pet
Week 1: Needs and Wants

Movie

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Econ
BB&&Econ ENGLISH
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Phone
Week 1: Needs and Wants

A Car

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Week 1: Needs and Wants

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ENGLISH

Gym Membership Housing

Econ
BB&&Econ

HEALTH
HEALTH
SKILLS
SKILLS
SLIDESMANIA.CO

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Econ
BB&&Econ ENGLISH
ENGLISH OVERVIEW
OVERVIEW

Video
Week 1: Needs and Wants

Education

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Week 2: Generating a Market

ENGLISH
ENGLISH

This week in class we learnt that…

Econ
BB&&Econ

● Businesses are created in response to the

needs and wants of the stakeholders
● These stakeholders are engaging in and
generating markets

HEALTH
HEALTH
SKILLS
SKILLS
SLIDESMANIA.CO

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Why do they need it?
Week 2: Generating a Market [Enter Text Here]
What type of business will address this need?
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ENGLISH

[Enter Text Here]

NEEDS
What do the people in your neighbourhood
Econ
BB&&Econ

need?
[Enter Text Here]
Is it a…
GOOD

HEALTH
HEALTH
SERVICE
IDEA

SKILLS
SKILLS
SLIDESMANIA.CO

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Why do they want it?
Week 2: Generating a Market [Enter Text Here]
What type of business will address this want?
ENGLISH
ENGLISH

[Enter Text Here]

WANTS
What do the people in your neighbourhood
Econ
BB&&Econ

want?
[Enter Text Here]
Is it a…
GOOD

HEALTH
HEALTH
SERVICE
IDEA

SKILLS
SKILLS
SLIDESMANIA.CO

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Extension Opportunity
Week 2: Generating a Market
ENGLISH
ENGLISH

Why do different types of businesses exist?

[Enter Text Here]
Econ
BB&&Econ

HEALTH
HEALTH
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SKILLS
SLIDESMANIA.CO

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Week 3: Successful Businesses

ENGLISH
ENGLISH

This week in class we learnt that…

Econ
BB&&Econ

● There are patterns in businesses that

indicate whether they will make it or
break
● Most successful businesses are responding

HEALTH
HEALTH
to a need or want of stakeholders

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SKILLS
Choose a RETAIL
SLIDESMANIA.CO

Business to complete
this week’s work...

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The Business I have Selected is...

ENGLISH
ENGLISH
Econ
BB&&Econ

HEALTH
[Insert an image here]

HEALTH
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SLIDESMANIA.CO

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How do you know?
Week 3 Successful [Enter Text Here]
Businesses Do they have a…
ENGLISH
ENGLISH

PHYSICAL LOCATION
ONLINE LOCATION
What do they sell? BOTH
[Enter Text Here] What does this/these locations look like?
Econ
BB&&Econ

Is it a… [Enter Text Here]

PRODUCT
SERVICE
IDEA

HEALTH
HEALTH
Are they responding to a…
WANT
NEED

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SKILLS
SLIDESMANIA.CO

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Where do they advertise their
Week 3 Successful products/services/ideas?
Businesses [Enter Text Here]
ENGLISH
ENGLISH

Is this a successful business…

YES
What is the benefit of this/these locations? NO
[Enter Text Here] Why/Why not?
Econ
BB&&Econ

What is the target market for this business? [Enter Text Here]
[Enter Text Here]
Do they advertise their products/services/ideas?
[Enter Text Here]

HEALTH
HEALTH
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SLIDESMANIA.CO

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Week 4: Business Patterns

ENGLISH
ENGLISH

This week in class we learnt that…

Econ
BB&&Econ

● When building a business there is a

pattern of planning that can contribute to
their success
● Not all businesses are successful

HEALTH
HEALTH
SKILLS
SKILLS
SLIDESMANIA.CO

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Week 4: Business Patterns NEED

What does your group NEED? (Product)

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ENGLISH

Your Task:
Create 2 Businesses that are responding to…
Econ
BB&&Econ

What is the PURPOSE of product?

1 NEED
1 WANT

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HEALTH
For 1 of these groups of people… (Highlight)
Who are you going to sell your product to?
● Your Society (Target Market/Demographic)
You can describe, draw etc.

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● People in your Neighbourhood
● People your Age Gender

Age
SLIDESMANIA.CO

Family Situation

Average Income

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Where are you going to advertise? (Promotion)
Week 4: Business Patterns
ENGLISH

NEED
ENGLISH

BONUS: What are your advertisements going to

Where are you going to set up your business? look like?
(Place) (Promotion)
Econ
BB&&Econ

You can describe, draw etc. You can describe, draw etc.

HEALTH
HEALTH
SKILLS
SKILLS
SLIDESMANIA.CO

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Week 4: Business Patterns WANT

What does your group NEED? (Product)

ENGLISH
ENGLISH

Your Group is...(Highlight

Econ
BB&&Econ

● Your Society
What is the PURPOSE of product?
● People in your Neighbourhood
● People your Age

HEALTH
HEALTH
Who are you going to sell your product to?
(Target Market/Demographic)
You can describe, draw etc.

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Gender

Age
SLIDESMANIA.CO

Family Situation

Average Income

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Where are you going to advertise? (Promotion)
Week 4: Business Patterns
ENGLISH

WANT
ENGLISH

BONUS: What are your advertisements going to

Where are you going to set up your business? look like?
(Place) (Promotion)
Econ
BB&&Econ

You can describe, draw etc. You can describe, draw etc.

HEALTH
HEALTH
SKILLS
SKILLS
SLIDESMANIA.CO

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Week 5: Supply and Demand

ENGLISH
ENGLISH

This week in class we learnt that…

Econ
BB&&Econ

● To establish a successful price for a

product was need to consider many things
● Prices of Goods and Services are
determined by considering and balancing

HEALTH
HEALTH
Supply and Demand chains

Your Task:

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SKILLS
For the scenarios on the following pages identify
what would happen to the supply, demand and
price…
SLIDESMANIA.CO

UP
DOWN
CONSTANT

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SUPPLY
Week 5: Supply and Demand
ENGLISH
ENGLISH

Scenario 1
Econ
BB&&Econ

Your people have decided that bread is gross,

but your bakers don’t know how to make DEMAND
anything else so there is now a lot of bread
sitting on your shelves.

HEALTH
HEALTH
UP

SKILLS
SKILLS
PRICE
DOWN
SLIDESMANIA.CO

CONSTANT

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SUPPLY
Week 5: Supply and Demand
ENGLISH
ENGLISH

Scenario 2
Econ
BB&&Econ

Your people really, really want hand woven

baskets at the moment, but there’s only one DEMAND
person in town who makes a high quality
product.

HEALTH
HEALTH
UP

SKILLS
SKILLS
PRICE
DOWN
SLIDESMANIA.CO

CONSTANT

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SUPPLY
Week 5: Supply and Demand
ENGLISH
ENGLISH

Scenario 3
Econ
BB&&Econ

Your people have all decided that they want to

own a pet and your society happens to have the DEMAND
right amount of pets for the people to all have
their own pet

HEALTH
HEALTH
UP

SKILLS
SKILLS
PRICE
DOWN
SLIDESMANIA.CO

CONSTANT

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SUPPLY
Week 5: Supply and Demand
ENGLISH
ENGLISH

Scenario 4
Econ
BB&&Econ

Most people in your society have decided that

green vegetables can cause your skin to turn DEMAND
green, but that’s okay because your people don’t
even grow green vegetables

HEALTH
HEALTH
UP

SKILLS
SKILLS
PRICE
DOWN
SLIDESMANIA.CO

CONSTANT

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SUPPLY
Week 5: Supply and Demand
ENGLISH
ENGLISH

Scenario 5
Econ
BB&&Econ

Your people consistently need a protein source

in their diets and your society has a consistent DEMAND
source of protein available all the time

HEALTH
HEALTH
UP

SKILLS
SKILLS
PRICE
DOWN
SLIDESMANIA.CO

CONSTANT

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Week 5: Supply and Demand

ENGLISH
ENGLISH

EXTENSION
Could the impacts of these changes be changed through
short and long term planning?
Econ
BB&&Econ

YES
NO

HEALTH
HEALTH
Why/Why Not?

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SLIDESMANIA.CO

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SUPPLY
Week 5: Supply and Demand
ENGLISH
ENGLISH

Scenario 1
Econ
BB&&Econ

Pop it fidget toys are easy to make a lot of and

were trending in 2020, however, in 2021 they DEMAND
are much less popular

HEALTH
HEALTH
UP

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SKILLS
PRICE
DOWN
SLIDESMANIA.CO

CONSTANT

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SUPPLY
Week 5: Supply and Demand
ENGLISH
ENGLISH

Scenario 2
Econ
BB&&Econ

With the new rules around wearing a mask in

South Australia everyone had to go out and buy DEMAND
one, but businesses had stopped stocking as
many as they did in 2020

HEALTH
HEALTH
UP

SKILLS
SKILLS
PRICE
DOWN
SLIDESMANIA.CO

CONSTANT

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SUPPLY
Week 5: Supply and Demand
ENGLISH
ENGLISH

Scenario 3
Econ
BB&&Econ

During the Covid-19 lockdown of 2020 people

really wanted to complete jigsaw puzzles, and DEMAND
turned to buying them online where there was
lost of choice and puzzles were always available

HEALTH
HEALTH
UP

SKILLS
SKILLS
PRICE
DOWN
SLIDESMANIA.CO

CONSTANT

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SUPPLY
Week 5: Supply and Demand
ENGLISH
ENGLISH

Scenario 4
Econ
BB&&Econ

It's the middle of the school year, everyone has

their books and supplies for school already, yet DEMAND
there are still school supplies on the shelves

HEALTH
HEALTH
UP

SKILLS
SKILLS
PRICE
DOWN
SLIDESMANIA.CO

CONSTANT

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SUPPLY
Week 5: Supply and Demand
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ENGLISH

Scenario 5
Econ
BB&&Econ

Everyone uses a toilet, toilet paper is always on

the shelves DEMAND

HEALTH
HEALTH
UP

SKILLS
SKILLS
PRICE
DOWN
SLIDESMANIA.CO

CONSTANT

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Week 5: Supply and Demand

ENGLISH
ENGLISH

EXTENSION
Could the impacts of these changes be changed through
short and long term planning?
Econ
BB&&Econ

YES
NO

HEALTH
HEALTH
Why/Why Not?

SKILLS
SKILLS
SLIDESMANIA.CO

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Week 6: Alternative Solutions

This week in class we learnt that…
ENGLISH
ENGLISH

● Most successful businesses respond to

what is happening in the market
Econ
BB&&Econ

Your Task:

Select two of the scenarios below and come up

HEALTH
HEALTH
with a different way to address the situation

● Your people have decided that bread is gross, but

SKILLS
SKILLS
your bakers don’t know how to make anything
else so there is now a lot of bread sitting on your
shelves.
● Most people in your society have decided that
● Your people really, really want hand woven
green vegetables can cause your skin to turn
baskets at the moment, but there’s only one
green, but that’s okay because your people don’t
SLIDESMANIA.CO

person in town who makes a high quality product.

even grow green vegetables
● Your people have all decided that they want to
● Your people consistently need a protein source in
own a pet and your society happens to have the
their diets and your society has a consistent
right amount of pets for the people to all have

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their own pet
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Week 6: Alternative Solutions

ENGLISH
ENGLISH

This week in class we learnt that…

● Most successful businesses respond to
Econ
BB&&Econ

what is happening in the market

Your Task:
Select two of the scenarios below and come up

HEALTH
HEALTH
with a different way to address the situation

● Pop it fidget toys are easy to make a lot of and

SKILLS
SKILLS
were trending in 2020, however, in 2021 they are
much less popular
● With the new rules around wearing a mask in
● It's the middle of the school year, everyone has
South Australia everyone had to go out and buy
their books and supplies for school already, yet
one, but businesses had stopped stocking as many
there are still school supplies on the shelves
SLIDESMANIA.CO

as they did in 2020

● Everyone uses a toilet, toilet paper is always on
● During the Covid-19 lockdown of 2020 people
the shelves
really wanted to complete jigsaw puzzles, and
turned to buying them online where there was lost

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Week 6: Alternative
You can use this space for a
Problem 1:
Solutions design/brainstorm
ENGLISH
ENGLISH
Econ
BB&&Econ

HEALTH
HEALTH
Solution:

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SLIDESMANIA.CO

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Week 6: Alternative
You can use this space for a
Problem 2:
Solutions design/brainstorm
ENGLISH
ENGLISH
Econ
BB&&Econ

HEALTH
HEALTH
Solution:

SKILLS
SKILLS
SLIDESMANIA.CO

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Week 7: Entrepreneurial
Skills
ENGLISH
ENGLISH

This week in lesson we learnt that:

Econ
BB&&Econ

● The Business Owners that make hugely

successful businesses from nothing take
huge risks to get there
● These people have certain traits that help

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HEALTH
them to create this success

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SKILLS
Your Task:

To explore the start ups of Kickstarter to identify

entrepreneurial traits
SLIDESMANIA.CO

Psssst
Click the K
above is
hyperlinked

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OVERVIEW Delete the word you don’t need
Week 7: Entrepreneurial 2. Finish the following sentences:
Skills
ENGLISH

I can/cannot see the trait of Adaptability in

ENGLISH

1. Find 1 product on Kickstarter that you this product because…

would back
Econ
BB&&Econ

The product I have chosen is...

I can/cannot see the trait of Persistence in

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HEALTH
this product because…

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Insert an Image/screenshot of your product here
I can/cannot see the trait of Work Ethic in
this product because…
SLIDESMANIA.CO

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