identifying participants in the open Australian economy including household, business, finance, government and foreign sectors
explaining the objectives of the Australian economy to satisfy needs and wants through the production and distribution of goods and services
identifying Australia’s major trading partners in the Asia region and the items of trade
Asia and Australia’s Engagement with Asia
explaining the impact of global events on the Australian economy and its trade and investment relations with other countries (for example, a natural disaster in a country of the Asia region)
Asia and Australia’s Engagement with Asia
identifying examples of global events that impact on economic activity (for example, environmental, financial, economic, political, technological, social, cultural, sporting events)