Level 1 Commerce (Economics/Business Studies)
11ECO Course DescriptionTeacher in Charge: Mr B. Milne.
Commerce is the use and exploration of accounting, economic, and business concepts and models to make sense of society and solve problems. In Level 1 Economics and Business Studies, students will build the knowledge, skills, and values they need to navigate, and participate in, the economic world. They will learn how participants in the economic world make decisions, and they will analyse how these decisions impact on sustainability. Students will learn that decision-making is necessitated by scarcity and that decisions are informed by a variety of cultural perspectives and lenses. Students will also have the opportunity to run their own business as part of a one-off market day activity.
Course Overview
Term 1
Term One will begin with an introduction to important economic concepts such as scarcity, opportunity cost and economic decision making. Students will also consider the purpose of business, and analyse what drives the decision making processes of real businesses.
Term 2
A study of the New Zealand economy. Students will explore how economies have been organised in different places and through the ages. Interdependence and the market will be covered as core economic concepts. Students will apply their knowledge through analysis of how significant events impact the economy and different groups within society.
Term 3
During Term Three, students will have the chance to plan and carry out a one-off business activity. Concepts learned throughout the year will be applied in a hands-on, practical way. Students will learn how to use concepts, models, and financial statements to determine their price and ensure financial viability for their own business.
Term 4
Revision and preparation for the external examination.
Assessment Policy & Procedures Pathway
Level 2 Business Studies, Level 2 Economics
Possible career pathways: Anyone wanting to be self-employed such as a business owner/operator, sales assistant, retail manager, economics, accountant, marketing assistant, accounts of bank clerk; anyone interested in the hospitality, tourism, marketing or management (human resources) industries, business or financial adviser, bank manager, lawyer. There are many jobs not listed that will also benefit from business knowledge, but may not necessarily be predominantly focussed on this industry.
Career PathwaysMarket Research Analyst, Office Manager, Policy Analyst, Tertiary Lecturer, Production Manager, Recruitment Consultant, Management Consultant, Marketing Specialist, Geospatial Specialist, Data Analyst, Managing Director/Chief Executive, Emergency Management Officer, Insurance Claims Officer, Cleaner, Watchmaker and Repairer, Communications Professional, Information Technology Helpdesk/Support Technician, Information Technology Manager, Sales Representative, Accountant, Auditor, Customs Broker/Freight Forwarder, Systems Administrator, Actuary, Office Administrator, Finance Manager, Advertising Specialist, Sales and Marketing Manager, Visual Merchandiser, Personal Assistant, Business Analyst, Economist, Retail Manager, Statistician, Importer/Exporter, Architectural Technician, Financial Adviser, Artistic Director, Bank Worker
Equipment/Stationery2B5 and 40 leaf clear file.