Year 11 Commerce Economics
Course Description
Teacher in Charge: Mr S. Turner.
Economics is about the world around us. (Economics Wellington Trip)
Why study Commerce / Economics
*Learn new capabilities and make decisions using models
*Prepare for L2 Economics
*Prepare for a career in Business
Study Commerce through the lens of Economics and learn how to make better decisions. understanding the importance of opportunity costs and trade-offs,
Students will build the knowledge, skills, and values they need to navigate and participate in the economic world. They will learn how participants in the economic world make choices from scarce resources using financial and non-financial information.
There will be a focus on foundation economic knowledge including demand, supply and markets. Other concepts studied include interdependence, innovation, opportunity cost and financial statements.
Studying Commerce / Economics will prepare students for richer learning in Level 2 Economics, Accounting, and Business Studies.
Students studying Commerce standards can also gain Level 1 Numeracy and Literacy.
Students will be given the opportunity to develop their financial intelligence via buying and selling shares in the ASX Stock-market game and win $500 as the top performing NZ school (Aquinas won in 2024).
Course Overview
Term 1
AS 1.1
Learn about economics systems are why we have capitalist and socialist societies.
Understand how the government makes decisions with limited resources.
How consumers create demand.
Develop Financial Intelligence by playing the ASX stock-market game.
Term 2
AS1.2
Use financial and non-financial information to determine price.
Students will study the demand and supply model to understand why prices rise and fall.
Students will also be given the opportunity to run a small DIY business to apply price theory and concepts.
Term 3
AS 1.3
Students will use financial and non-financial information to determine the viability of a business.
Term 4
1.4
Students will learn the concept of interdependence and how consumers and producers mutually rely on each other.
This will be assessed by an external exam in November.
Recommended Prior Learning
To study 12 and 13 Economics, a study of 11 Commerce / Economics is strongly recommended.
Pathway
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.
External
NZQA Info
Commerce 1.1 - Demonstrate understanding of an organisation's financial decision-making
NZQA Info
Commerce 1.2 - Demonstrate understanding of price determination for an organisation
NZQA Info
Commerce 1.3 - Demonstrate understanding of how interdependent financial relationships are affected by an event
NZQA Info
Commerce 1.4 - Demonstrate understanding of the financial viability of an organisation
Pathway Tags
Mining Engineer, Accountant, Auditor, Actuary, Finance Manager, Advertising Specialist, Retail Manager, Statistician, Property Manager, Cafe/Restaurant Manager, Elected Government Representative, Foreign Policy Officer, Workplace Relations Adviser, Economist, Human Resources Adviser, Financial Adviser, Mortgage Broker, Policy Analyst,
Disclaimer
Note that picking a course doesn't guarantee entry.
If you have any questions or concerns, please contact the year level dean or the Future Pathways team for support and guidance.