11BEC

Level 1 Business Economics

Course Description

Teacher in Charge: Mr B. Peel

Take your first steps into the world of economics, business and innovation. Does running your own business, selling products sound like what you would want to do in your class time? The profit you take home depends on how successful you are.

Add to that a solid grounding in all the basics of Economics – consumers, producers and the impact they have on the economy. Finally, what about looking at the most important recent events in New Zealand, analysing how they will impact the different sectors of the economy.

You will learn to:
• develop a business plan for a real business and sell products at Pakuranga Plaza
• develop marketing strategies for a new innovative product
• explain the wants and needs of consumers and the factors impacting on producers
• understand how major economic events impact on households, producers and the government


Pathway

Contributions and Equipment/Stationery

Workbook costing approximately $40 and approximately $15 for trips.
As part of the course students are in groups conducting a business activity. There may be some financial contributions involved in setting this up. Students will be encouraged to fundraise for this.

Recommended Prior Learning

Open Entry

Credit Information

Total Credits Available: 24 credits.
Externally Assessed Credits: 12 credits.
Internally Assessed Credits: 12 credits.

Assessment
Description
Level
Internal or
External
Credits
L1 Literacy Credits
UE Literacy Credits
Numeracy Credits
A.S. 90988 v3
NZQA Info
Economics 1.6 - Demonstrate understanding of the interdependence of sectors of the New Zealand economy
3
3
3
3
Level: 1
Internal or External: Internal
Credits: 3
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 0
Numeracy Credits: 0
A.S. 90986 v3
NZQA Info
Economics 1.4 - Demonstrate understanding of how consumer, producer and/or government choices affect society, using market equilibrium
5
5
5
Level: 1
Internal or External: External
Credits: 5
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 0
Numeracy Credits: 0
A.S. 90985 v3
NZQA Info
Economics 1.3 - Demonstrate understanding of producer choices using supply
3
3
3
Level: 1
Internal or External: External
Credits: 3
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 0
Numeracy Credits: 0
A.S. 90983 v3
NZQA Info
Economics 1.1 - Demonstrate understanding of consumer choices, using scarcity and/or demand
4
4
4
Level: 1
Internal or External: External
Credits: 4
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 0
Numeracy Credits: 0
A.S. 90842 v2
NZQA Info
Business Studies 1.6 - Carry out and review a product-based business activity within a classroom context with direction
Level: 1
Internal or External: Internal
Credits: 6
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 0
Numeracy Credits: 0
A.S. 90840 v3
NZQA Info
Business Studies 1.4 - Apply the marketing mix to a new or existing product
3
3
3
Level: 1
Internal or External: Internal
Credits: 3
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 0
Numeracy Credits: 0
Credit Summary
Total Credits: 24
Total Level 1 Literacy Credits: 24
Total University Entrance Literacy Credits: 0
TotalNumeracy Credits: 0