People, profit, enterprise and entrepreneurship Case Study Student Activities Teacher's Notes Overview This case study outlines how a growing and thriving private sector can make a difference in building an enterprising culture which will help alleviate poverty and achieve economic growth in developing economies. Australian aid can assist enterprise and entrepreneurship by supporting small to medium-sized businesses and microenterprises tackle some of the constraints or barriers to their growth and development. Such assistance may include access to credit and savings facilities and technical assistance from field officers who can help develop record keeping and business planning skills. Level Middle to upper secondary Curriculum Links Victorian Certificate of Education (VCE) Economics - Unit 2 (Year 11) Australia and the Global Economy Area of Study 3 - Other Economies - Global Distribution of Income and Wealth - The Role of Australian Foreign Aid. Victorian Curriculum Standards Framework II (CSF) - Studies of Society and Environment (SOSE) - Level 6 (Years 9 and 10) Strand - Economy and Society - Outcome 6.1 - Describe the management of the Australian economy in an international context Goals - Civics and citizenship, global understandings, the economy and economic literacy Skills/Process - Communication, investigation and information technologies. National Curriculum SOSE (learning area), Resources (concept strand), Use of resources (concept strand organiser), investigation, communication and participation (process strand). Objectives On completion of the case study, students should be able to: Explain some of the ways developing economies can achieve economic development Outline a range of aid strategies which could be used to encourage enterprise and entrepreneurship Describe ways the Australian Government's overseas aid program is used to assist developing economies Understand the importance of private sector development in achieving economic growth and alleviating poverty Understand some of the factors which affect resource use and employment opportunities in developing countries Understand the role of microfinance in helping people overcome poverty Encourage comparison and contrast with small business in Australia Appreciate the difficulties facing poor people as they try to improve their lives Develop empathy with and positive attitudes towards people in developing countries. Preparation Copy of case study and student activities Access to computer, internet and powerpoint Access to Economics textbook and/or Economics Dictionary to assist in the understanding of key concepts which are explored in Activity 1,2 and 3. Procedure The sequence of student activities associated with this case study it is estimated would require at least six lessons. The activities have been designed to: Develop students' understandings of key economics concepts such as economic growth, economic development, standard of living, production, income, expenditure, credit, loans, savings, profit, private sector, enterprise, entrepreneurship, small business, microenterprise, microfinance, resources, business plans, Australian overseas aid (especially activities 1, 2 and 3) Encourage comparison and contrast with small business in Australia (especially activities 2 and 5) Allow room for student decision-making (activities 2, 5 and 7) Provide opportunities to work with peers (activities 6 and 7) Provides opportunities for oral presentation (activities 6 and 8) Encourage the use of ICT (activities 6 and 7) Provide opportunity for responsibility and independent learning (activities 2, 3, 5, 6, 7 and 8) Resources AusAID Corporate Plan 1998-2000 Better Aid for a Better Future http://www.ausaid.gov.au/publications/ pdf/corporateplan1998-2000.pdf AusAID Private Sector Development through Australia's Aid Program AusAID taking Enterprise Development 'on the Road' All the above are also available from: Canberra Mailing PO Box 650 Fyshwick ACT 2609 Ph. 02 6269 1230 Fax. 02 6269 1229 Email. books@ausaid.gov.au The AusAID Global Ed. website at http://globaled.ausaid.gov.au has a large number of case studies both primary and secondary and other material available which provide examples of specific aid projects which assist private sector development in developing economies. Top © Commonwealth of Australia