Economy and Innovation

Purpose: To foster a comprehensive understanding of the complex dynamics of global trade, wealth distribution, and their profound impact on individual and societal financial well-being. Through the exploration of historical contexts, including the Industrial Revolution and transformative inventions and innovations, students will investigate the forces driving trade, the persistence of poverty, and the role of trade aid in addressing global disparities. By examining personal finance within a global framework, students will develop a holistic perspective that empowers them to navigate the interconnected worlds of commerce, wealth, and social equity.

Understanding the Economy

Changing our World

Invention and Innovation

End of Unit

Economy & Innovation

I Understand: I am building knowledge about people, society, and their environments and drawing on the practices of te ao tangata | social sciences.
I Understand: Interactions change societies and environments.
I Know: Through innovation, enterprise, and financial capability, individuals, communities, and societies create new opportunities. These opportunities can enrich or damage lives, challenge views about needs and wants, and impact on sustainability.
I Know: The uneven acquisition and allocation of scarce resources, goods and services, and wealth creates personal, societal, and global challenges. These challenges lead to individual and collective action.
I Know: Technological advancements developed the economy, along with state supported land acquisition that impacted the Māori economy.
I Know: The New Zealand economy has both benefitted from and been vulnerable to the impacts of economic interdependence.