Teacher in Charge: V. FraserRecommended Prior Learning
Previous study in Commerce is strongly recommended.
Commerce at Level 2 is a study of the bigger economics issues facing New Zealand as well as exploring finer Business Studies concepts and implementing theory into practice.
There is a combination of Business Studies concepts with Economic concepts allowing the students to learn a broad range of key ideas within commerce and the world around them.
The course focuses on 4 issues:
In these issues and in overall study, students will be exposed to economic indicators such as RGDP (Real Gross Domestic Product), CPI (Consumer Price Index), HLFS (Household Labour Force Survey) and the Balance of Trade statistics.
Students can expect to have a greater understanding of the RBNZ (Reserve Bank of NZ) in carrying out Monetary policy, the role and treasury and the government’s Fiscal policy, the RMA (Resource Management Act), Supplyside policies and the work of MFTA & NZTA with Trade.
Business at Level 2 brings in further concepts expanding into other functions of business. Specifically, students will look at Motivation Theory and seek to explain the relationship between the motivation practice and motivation theory in the business. Well-known motivation theories include Maslow’s hierarchy of needs, Taylor’s theory of scientific management, Mayo’s Hawthorne theory, Herzberg’s two-factor theorem, Mc Gregor’s X and Y theories, and Vroom’s expectancy theory.
Students will then apply business knowledge, creating their own businesses in alignment with the Young Enterprise Scheme, competing Nationally in 5 challenges, gaining practical and real-life business skills.
These topics and concepts vertically align with the achievement standards taught in the Level 3 Commerce course.
The workbooks used during this course will be available for optional student purchase for approximately $26.00.
All subject selections are provisional only and are subject to:
and the final decision is at the discretion of the Head of Learning Area for that subject.