11COM

Level 1 Commerce

Subject Description

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 Information

This course will consist of two internal assessments and three external examinations.

Pathway

Credit Information

This course is eligible for subject endorsement.

Total Credits Available: 16 credits.
Externally Assessed Credits: 7 credits.
Internally Assessed Credits: 9 credits.

Assessment
Description
Level
Internal or
External
Credits
L1 Literacy Credits
UE Literacy Credits
Numeracy Credits
A.S. 90840 v3
NZQA Info
Business Studies 1.4 - Apply the marketing mix to a new or existing product
3
3
3
Level: 1
Internal or External: Internal
Credits: 3
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 0
Numeracy Credits: 0
A.S. 90842 v2
NZQA Info
Business Studies 1.6 - Carry out and review a product-based business activity within a classroom context with direction
Level: 1
Internal or External: Internal
Credits: 6
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 0
Numeracy Credits: 0
A.S. 90983 v3
NZQA Info
Economics 1.1 - Demonstrate understanding of consumer choices, using scarcity and/or demand
4
4
4
Level: 1
Internal or External: External
Credits: 4
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 0
Numeracy Credits: 0
A.S. 90985 v3
NZQA Info
Economics 1.3 - Demonstrate understanding of producer choices using supply
Level: 1
Internal or External: External
Credits: 3
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 0
Numeracy Credits: 0
Credit Summary
Total Credits: 16
Total Level 1 Literacy Credits: 16
Total University Entrance Literacy Credits: 0
Total Numeracy Credits: 0

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.