St Mary’s College (Wellington)
Level 1 Commerce
Subject Description
Teacher in Charge: Ms S. Lamond, Mr N. Tully.
Commerce at level 1 NCEA is an introductory course in Business and Economics.
Students will learn first-hand how businesses operate by forming companies and selling a product or putting on an event. Students will gain skills in team work and enterprise, time and self-management. Students will then use this experience to investigate and solve operational problems for small businesses.
The course then introduces students to one of the fundamental concepts of Economics: the Supply and Demand Model. Students will learn how to use this model to separately examine the choices of Producers and Consumers and the impact of these choices on different groups in a market. Finally, students will end the course by using the Circular Flow Model of Interdependence to investigate how events including the COVID 19 Pandemic have affected our economy.
Level 1 Commerce can be taken as either a stand-alone course or as a precursor to Level 2 and 3 Commerce.
Recommended Prior Learning
- None - Year 10 Commerce is useful preparation, but this is not essential.
Contributions and Equipment/Stationery
An exercise book/refill/clear file for notes and practice exercises. A ruler and calculator.
Level 1 Economics LWB, Philip Jellyman $25-30 (Optional)
Business Studies
Start up capital: Students may need to contribute funds to their business group but are encouraged to create a product that uses recycled &/or freely sourced materials or in if carrying out an event, fundraise.
EOTC: 1-2 Half day field trips to a local business/organisation. Cost: Bus/Train fare
Pathway
An Economics, Accounting, Business or Commerce Teacher :-), Economist, Accountant, Politician, Lawyer, Banking, Finance, Policy Analyst, Journalist, Engineering, Business Owner/Manager, Social Worker, Business Analyst, Business Advisor, Statistician, Union Leader, Farmer, IT
Assessment Information
Assessment standards are subject to change.Credit Information
You will be assessed in this course through all or a selection of the standards listed below.
This course is eligible for subject endorsement.
External
NZQA Info
Commerce 1.1 - Demonstrate understanding of an organisation's financial decision-making
NZQA Info
Commerce 1.2 - Demonstrate understanding of price determination for an organisation
NZQA Info
Commerce 1.3 - Demonstrate understanding of how interdependent financial relationships are affected by an event
NZQA Info
Commerce 1.4 - Demonstrate understanding of the financial viability of an organisation
Disclaimer
All subject selections are provisional only and are subject to:
- meeting any course entry requirements
- minimum class sizes
- the availability of teaching staff
and the final decision is at the discretion of the Head of Learning Area for that subject.
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