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As well as engaging student interest and delivering authentic learning experiences Commerce teachers must also look to the economy and society of the future when developing curriculum The Commerce subject falls under the Studies of Society and the Environment SOSE learning area of the Curriculum and Standards Framework CSF SOSE is a study of human progress and how people have organized themselves into societies over time and how they have interacted with their physical environments CSF In years 7 to 10 the CSF outline for SOSE comprises the strands of History Geography and also Economy and Society which is what the schools Commerce subject is based on The Economy and Society strand introduces students to the structure and management of the economy and its resources the world of work and business and Australias political and legal systems It promotes the development of enterprise skills and attributes and draws on past and contemporary issues and a range of perspectives particularly those related to the future and technology CSF I believe that Commerce helps form the foundations young people need to make sound decisions on financial business legal and employment issues because it provides practical knowledge skills understanding and values Having knowledge about these concepts and how to apply them is beneficial for young adults to learn early With changing times the need to give young people a grip on money management has increased More than a third of school students work and two-thirds of 15 to 19-year-olds earn up to 200 a week Not all know how to handle that income Russell 2004 Age Commerce provides students with an understanding of the relationships between consumers businesses and governments in the overall economy Board of Studies NSW 2003 These are issues that they may not necessarily think about even though they already earning and spending money Consumer Affairs Victoria CAV conducted research last year to find out how consumer education is
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