Level 1 Commerce

Level 1 Commerce course offers a blend of both Business and Economics, providing students with a comprehensive understanding of how the world of money operates. The core focus will be on Producer Decision-Making, Pricing Decisions, and the Interdependence of different parts of the economy.

Students considering this course should have an interest in business and the economy. They should also be comfortable with group work, graphing, and writing logical, detailed explanations.

Throughout the course, students will:

• Investigate how businesses make financial and pricing decisions.

• Analyse the impact of different factors on decision-making.

• Explore how financial relationships between organisations are affected by economic events.

• Develop a practical understanding of commerce through engaging case studies and interactive activities.

By the end of the year, students will understand key commercial principles and be able to apply them to real-world business scenarios.

Level 1 Commerce course includes the following assessments:

• Internal Assessment 1.1: Analysing and justifying a financial decision by an organisation (5 credits)

• Internal Assessment 1.2: Analysing and justifying a pricing decision by an organisation (5 credits)

• External Assessment 1.3: Interdependence: Preparation for this external assessment will involve practice essays, case study analysis, and practice exams. (5 credits)

By the end of the year, students will grasp how businesses make decisions that impact consumers and the broader economy, and they will recognise the vital interdependence between businesses and other financial entities. This course, aligned with Level 6 of the NZ Curriculum, will equip students with valuable knowledge and skills, empowering them to better understand the commercial world around them. Level 1 Commerce can be taken as either a stand-alone course or as a precursor to Level 2 and 3 Economics.