10 Economics & Business

Course Description

Teacher in Charge: Mr A. Munro

Economics & Business

This course is an introduction to the studies of Economics, Business and Accounting. The course:

i) Enables learners to understand how an economy works. Learners build up an economic simulation in the classroom to explore how consumers in New Zealand make economic decisions about:
· earning income
· the value of savings
· spending
· borrowing
· improving personal net worth
ii) Develops Financial Literacy skills through a series of realistic assignments where the learners research and learn about
· personal budgeting
· financial decision-making
iii) Develops a practical understanding of enterprise and business. Learners complete the Level 1 NCEA Business Studies Achievement Standard “Carry out and review a product-based business activity within a classroom context with direction” (6 Credits). This course delivers 6 Literacy credits.

Course Overview

Term 1
1) Economic Simulation
. economic concepts
. earning income
· the value of savings
· spending
· borrowing
. insurance
· improving personal net worth

Term 2
1) Budgeting & Decision-making

2) Business Activity (planning for Market Day)

Term 3
1) Business Activity continued

Term 4
1) Special Research Project - Economic Issues

Contributions and Equipment/Stationery

One half day to prepare and attend the Tawa College Y10 Market Day held at College in the hall. Learners may be required to contribute funds towards their group business activity.


This course will lead into the new NCEA L1 Commerce course which is currently under development as part of the NCEA review, and combines & replaces NCEA L1 Accounting and NCEA Level 1 Economics.

Credit Information

Total Credits Available: 6 credits.
Internally Assessed Credits: 6 credits.

Internal or
L1 Literacy Credits
UE Literacy Credits
Numeracy Credits
A.S. 90842 v2
Business Studies 1.6 - Carry out and review a product-based business activity within a classroom context with direction

Further assessment opportunities will not be offered for this standard inline with NZQA guidelines

Level: 1
Internal or External: Internal
Credits: 6
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 0
Numeracy Credits: 0
Credit Summary
Total Credits: 6
Total Level 1 Literacy Credits: 6
Total University Entrance Literacy Credits: 0
Total Numeracy Credits: 0

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