13COM

Level 3 Commerce

Subject Description

Teacher in Charge:

Commerce at level 3 NCEA will allow students to complete an in depth study of microeconomic concepts (Theory behind business, particularly Marketing)  This involves free market economics including a study of Supply and Demand including Elasticity, Allocative Efficiency, Marginal Analysis and Market Failure.  Specific topics of interest could include the elasticities of demand in the coffee industry, housing supply and house prices, supermarkets and abuse of market power,  The economics of waste, compulsory vaccination, sugar tax, environmental economics and inequality.  

Motivated students can continue with a more practical Business Studies course or complete both Business and Economics by taking part in the YES program and carrying out a business activity, including completing a marketing plan and a full business plan. 

Economics and Business are both approved subjects* for University Entrance and can lead to further study in Commerce, Politics, Arts, Law and many other fields or may just be taken for interest.

*See assessment information, 14 credits needs to be gained from Economics or Business not both.

To assist with course planning please indicate if you preference is to focus on Economics or Business.

Recommended Prior Learning

None, previous study at levels 1-2 may help but is not essential. 

Contributions and Equipment/Stationery

If doing level 3 Economics:
An exercise book/refill/clear file for notes and practice exercises. A ruler and calculator.
Economics Workbook used in class: Level 3 Economics LWB by Philip Jellyman $28-30 (Optional)

If doing Level 3 Business:
An exercise book/refill for notes and practice exercises &/or personal laptop.
Start up capital. Students are likely to need to contribute personal funds to their business group. Other sources of finance can be via fundraising, loans, or seed funding applications.
YES Fee: For groups that wish to be involved in the Young Enterprise Scheme there is a $35 fee per student. This is an optional activity. YES also has a tax on end of year company profit.

EOTC: 1-2 Half day field trips to a local business/organization. Cost: Bus/Train fare

Pathway

Level 3 Commerce provides a solid background for students who want to study or work in the fields of Business, Finance, Economics and Accounting or further study in Humanities or Science.
Economics particularly links well for those wanting to go into fields such as Public Policy, Politics, Law, Education, Engineering, Social Welfare, Law enforcement amongst others.
Business Studies can also lead into students starting their own business and/or leading and carrying specific projects for non profit organisations.

Career Pathways

Assessment Information

Students will complete between 14-20 Level 3 Economics or by negotiation 9-16 Level 3 Business Credits or a combination of Business and Economics credits.
AS 91403 or ECO 3.5 is recommended for Students who have completed 12 Commerce.

To use this course for University Entrance students will need to achieve 14 credits from either Level 3 Economics or Business Studies.
This course is eligible for endorsement.
Scholarship Economics is an option for students who need and want acceleration. To assist with Scholarship preparation there is the option to complete ECON 199, a university paper with Canterbury University. This is funded by the STAR program and is subject to meeting entry requirements. Interested students should speak to Ms McIntosh. While successful study of year 12 Commerce is not crucial for Scholarship, it will help.

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.

This course is approved for University Entrance.

Total Credits Available: 43 credits.
Externally Assessed Credits: 18 credits.
Internally Assessed Credits: 25 credits.

Assessment
Description
Level
Internal or
External
Credits
L1 Literacy Credits
UE Literacy Credits
Numeracy Credits
A.S. 91380 v2
NZQA Info
Business Studies 3.2 - Demonstrate understanding of strategic response to external factors by a business that operates in a global context
Level: 3
Internal or External: External
Credits: 4
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 4r,4w *
Numeracy Credits: 0
A.S. 91382 v2
NZQA Info
Business Studies 3.4 - Develop a marketing plan for a new or existing product
6
6
6
Level: 3
Internal or External: Internal
Credits: 6
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 6r *
Numeracy Credits: 0
A.S. 91384 v2
NZQA Info
Business Studies 3.6 - Carry out, with consultation, an innovative and sustainable business activity
9
9
9
9
Level: 3
Internal or External: Internal
Credits: 9
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0 *
Numeracy Credits: 0
A.S. 91399 v2
NZQA Info
Economics 3.1 - Demonstrate understanding of the efficiency of market equilibrium
Level: 3
Internal or External: External
Credits: 4
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 4r,4w *
Numeracy Credits: 0
A.S. 91400 v2
NZQA Info
Economics 3.2 - Demonstrate understanding of the efficiency of different market structures using marginal analysis
Level: 3
Internal or External: External
Credits: 4
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 4r,4w *
Numeracy Credits: 0
A.S. 91401 v2
NZQA Info
Economics 3.3 - Demonstrate understanding of micro-economic concepts
Level: 3
Internal or External: Internal
Credits: 5
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 5r *
Numeracy Credits: 0
A.S. 91402 v3
NZQA Info
Economics 3.4 - Demonstrate understanding of government interventions where the market fails to deliver efficient or equitable outcomes
Level: 3
Internal or External: Internal
Credits: 5
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 5r *
Numeracy Credits: 0
A.S. 91403 v2
NZQA Info
Economics 3.5 - Demonstrate understanding of macro-economic influences on the New Zealand economy
Level: 3
Internal or External: External
Credits: 6
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 6r,6w *
Numeracy Credits: 0
Credit Summary
Total Credits: 43
Total Level 1 Literacy Credits: 0
Total University Entrance Literacy Credits: 34
Total Numeracy Credits: 0

Approved subject for University Entrance

Number of credits that can be used for overall endorsement: 43

Only students engaged in learning and achievement derived from Te Marautanga o Aotearoa are eligible to be awarded these subjects as part of the requirement for 14 credits in each of three subjects.

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.