Level 1 Economics and Business Studies
11ECO Course DescriptionTeacher in Charge: Mr B. Milne
Business activity affects the daily lives of all people, as they work, spend, save, invest, travel, and play. In this course, students will learn how a small business operates, how financial decisions are made and about basic economic concepts. Students will develop skills for working with people and for effective decision-making. This course includes a combination of Economics, Business Studies and basic Accounting, where students will learn about the NZ economy and their role in it.
Course Overview
Term 1
A general introduction to business and internal and external factors affecting businesses.
Term 2
A study of interdependence and producer decisions
Term 3
A study of the key concepts of demand, supply and markets.
Term 4
Revision
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.
Equipment/Stationery2B5 and 40 leaf clear file.
Credit Information
| Assessment | Level |
Internal or External |
Credits |
L1 Literacy Credits | UE Literacy Credits | Numeracy Credits |
|---|---|---|---|---|---|---|
| A.S. 90837 v2 Business Studies 1.1 - Demonstrate an understanding of internal features of a small business | 1 |
E |
4 |
Y |
||
| A.S. 90841 v2 Business Studies 1.5 - Investigate aspects of human resource processes in a business | 1 |
I |
3 |
Y |
||
| A.S. 90984 v3 Economics 1.2 - Demonstrate understanding of decisions a producer makes about production | 1 |
I |
5 |
Y |
||
| A.S. 90986 v3 Economics 1.4 - Demonstrate understanding of how consumer, producer and/or government choices affect society, using market equilibrium | 1 |
E |
5 |
Y |
||
| A.S. 90988 v3 Economics 1.6 - Demonstrate understanding of the interdependence of sectors of the New Zealand economy | 1 |
I |
3 |
Y |
||
Total Credits |
||||||
Total Credits Available: 20 credits.
Externally Assessed Credits: 9 credits.
Internally Assessed Credits: 11 credits.
this information may vary