10COM

10 Commerce

Course Description

Teacher in Charge: M. McIntosh.

Commerce

This course is an introduction to Commerce and key financial life skills needed by all.  We aim to cover basic financial literacy including how to manage income and spending, then how to run a basic business. 

The learning is done using a variety of learning activities including web based activities, practical simulations and cooperative tasks including learning using commerce based board games.   Where possible students will get to go out into the community to see their learning in action. 


Course Overview

Term 1
Managing your Money. History of Exchange: What is Money

Managing Income: Sources of Income, Careers and Income, Influences on Income (including the Minimum Wage and the Living Wage) , Deductions from Income including PAYE Taxation & Kiwisaver

Savings & Investment. How to invest your savings including study of investment products such as Savings Accounts, Term Deposits, Bonds, Debentures, Shares and Property. Skint to Mint Board Game.
Motu Quest - sorted.nz.
EOTC: Sharesies (Or Similar) Field Trip

Term 2
Managing your Spending which includes:
Insurance
Borrowing & Debt
Budgeting
Consumer Rights.

EOTC: Salvation Army Food Bank (TBC)
Motu Quest - sorted.nz
Hactix Board Game

Term 3
Business - Market Day Planning. Market Day will be held in early Term Four and will be a food based market.

Company (Group Formation) - Basic Features of a Business.
Product Ideation & Innovation
Marketing Mix/4 Ps.
Basic Business Plan & Business Pitch
EOTC: Marketing Scavenger Hunt - Tawa Central (TBC)

Term 4
Market Day Carry Out & Reflection + Business Inspiration and further study.
Market Day - Early Term Four. Students make final preparations including promotion for their market day then complete a business reflection.
We then investigate different types of businesses, including the concept of Social Entrepreneurs.
Students will profile a New Zealand Social Entrepreneur and also complete a movie study of a well known business.


Gumption Board Game
EOTC: McDonalds or Sharesies Field Trip.

Recommended Prior Learning

No prior learning is needed. 

Contributions and Equipment/Stationery

This class is mostly delivered online, however there will be some practical activities where students should have a calculator and pencils/pens.
Students may be required to contribute funds/resources towards their group business activity in Term Three

Pathway

Being a Financial Advisor, Mentor, A successful Consumer, Consumer Advocate, Run your own Business. Being a Financially competent member of society.