Level 1 Commerce
Teacher in Charge: V. Fraser
Economics at Level 1 looks deeper into consumer behaviours by studying how to make the best possible use of limited resources to meet unlimited wants and needs. Students look from a producers point of view and the factors that influence supply. The market together of consumers and producers is then analysed with the influence of Government Interventions looking specifically at subsidies, taxes and price controls. Supply and demand curves are used in depth with technical graphing skills consistently applied.
Business functions that are looked at in depth include marketing and human recruitment. The 4 P’s of marketing which are learned include product, price, place and promotion.
The course focuses on 4 issues:
- Consumer Demand, Producer Supply, Market Equilibrium, Marketing and Human Recruitment.
Students will participate in a class trip to a small-medium size business to research and analyse this business in regards to the marketing functions. They will present their findings in a detailed written report.
These topics and concepts vertically align with the achievement standards taught in the Level 2 Economics and Business course.
Recommended Prior Learning
Economics requires good literacy and numeracy skills. Business requires comprehension and high level reading.
Contributions and Equipment/Stationery
The workbooks used during this course will be available for optional student purchase at a cost of $25 for Economics.
Assessment InformationThis course will consist of two internal assessments and three external examinations.
This course is eligible for subject endorsement.
Total Credits Available: 16 credits.
Externally Assessed Credits: 7 credits.
Internally Assessed Credits: 9 credits.
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.