11COM

Level 1 Commerce

Subject Description

Teacher in Charge:

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 examine the choices of Producers & Consumers separately and the impact of these choices on different groups in a market. Students also use this model to analyze interventions by the Government such as taxation, subsidies and price controls.  Finally students will end the course by using the Circular Flow Model of Interdependence to investigate how events like the COVID 19 Pandemic has 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, previous study at year 10 may help but 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/organization. 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

Career Pathways

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.

Total Credits Available: 20 credits.
Externally Assessed Credits: 10 credits.
Internally Assessed Credits: 10 credits.

Assessment
Description
Level
Internal or
External
Credits
L1 Literacy Credits
UE Literacy Credits
Numeracy Credits
A.S. 92028 v3
NZQA Info
Commerce 1.1 - Demonstrate understanding of an organisation's financial decision-making
4
4
4
4
Level: 1
Internal or External: Internal
Credits: 5
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: Y
A.S. 92029 v3
NZQA Info
Commerce 1.2 - Demonstrate understanding of price determination for an organisation
4
4
4
4
Level: 1
Internal or External: Internal
Credits: 5
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
A.S. 92030 v2
NZQA Info
Commerce 1.3 - Demonstrate understanding of how interdependent financial relationships are affected by an event
4
4
4
4
Level: 1
Internal or External: External
Credits: 5
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 0
Numeracy Credits: 0
A.S. 92031 v3
NZQA Info
Commerce 1.4 - Demonstrate understanding of the financial viability of an organisation
4
4
4
4
Level: 1
Internal or External: External
Credits: 5
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 0
Numeracy Credits: 0
Credit Summary
Total Credits: 20
Total Level 1 Literacy Credits: 10
Total University Entrance Literacy Credits: 0
Total Numeracy Credits: 5

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.