Wesley College
Year 11 Commerce
Course Description
Teacher in Charge: Mr I. Sahib.
Commerce is the use and exploration of accounting, economic, and business concepts and models to make sense of society and solve problems. In this subject, ākonga 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 decisions, and they will analyse how these decisions impact on sustainability.
Ākonga will learn that decision-making is necessitated by scarcity and that decisions are informed by a variety of cultural perspectives and lenses. Learning and assessment will examine Māori, Pacific, and different approaches to commerce, and business models from whānau and organisation contexts.
Course Overview
Term 1
92028-1.1 (5 Credits)- Demonstrate understanding of an organisation's financial decision making (Internal)
The purpose of this Achievement Standard is for ākonga to show an understanding of how an organisation makes decisions, and what the decision-making process looks like.
Ākonga will explore why an organisation makes decisions, what makes a good decision, how decision-making links to pūtake, and how an organisation's values inform its decision-making. Ākonga will also recognise how an organisation's financial decision impacts its stakeholders, for example employees, customers, suppliers, investors, community groups, iwi, or government.
Centring pūtake in their investigation of financial decision-making will allow ākonga to understand how values and beliefs can shape actions. This will enhance their ability to relate to others and understand diverse viewpoints. Ākonga will develop their capacity to address complex problems, balancing positive outcomes for stakeholders against other factors such as scarce resources.
To attain this Standard, ākonga must discuss pūtake in the context of an organisation’s financial decision making. In Commerce, pūtake is an organisation’s reason for being. This is shaped by the organisation’s values and beliefs. Pūtake may in turn inform how the need, issue, or opportunity is perceived by the organisation, and how they choose to respond.
At higher levels of achievement, ākonga will engage more deeply with what their decision means, both for the organisation and its stakeholders. Ākonga responding at higher levels of achievement will demonstrate awareness of consequences for the organisation’s actions. They will weigh the consequences of possible decisions against one another, navigating the complex interrelations of organisation pūtake, stakeholder perspectives, and external factors.
Ākonga will use a financial tool to support the financial decision of their chosen organisation. Examples of such financial tools include a price/feature comparison chart, a SWOT analysis, a budget, a cost-benefit analysis, and an online calculator or form (for example, in considering finance options).
Term 2
92029-1.2 ( 5 credits)- Demonstrate understanding of price determination for an organisation (internal)
The purpose of this Achievement Standard is for ākonga to show an understanding of how price determination operates within the economic system.
Ākonga will use a model or concept to investigate the price of a particular product and learn about the internal and external factors that impact, and are impacted by, price. Ākonga will also address the consequences of a price determination for the organisation and its stakeholders.
Engagement with financial decision-making first hand will offer ākonga greater understanding of the often-delicate balance of price within wider financial contexts. They will become critical consumers, able to identify key factors that shape the pricing decisions that impact their lives.
Term 3
92030-1.3 (5 Credits) -Demonstrate understanding of how interdependent financial relationships are affected by an event (External)
The purpose of this Achievement Standard is for ākonga to show an understanding of financial interdependence and how two-way relationships exist and work within the economy.
Ākonga will look at a range of interdependent financial relationships and learn how an event, for example a change in market conditions, a cultural event, or a natural event, can have direct effects and flow-on impacts on these relationships. Ākonga can explore how government impacts interdependent financial relationships through factors such as minimum wage, welfare payments, taxes, relevant consumer legislation, health, and safety.
Building on this knowledge, ākonga will discuss the implications of these effects and impacts for the interdependent financial relationships.
Term 4
92031- 1.4 - Demonstrate understanding of how an organisation's financial viability is affected by an event (5 credits)
The purpose of this Standard is for ākonga to show an understanding of how an organisation's financial viability is affected by an event.
Ākonga will explore the concept of financial viability and its connection to pūtake of an organisation. They will use concepts and models, for example financial statements, SWOT analysis, or supply and demand model, to understand how events influence the organisation's financial viability and its ability to meet its pūtake into the future. Ākonga will also explore the relationship between financial and non-financial factors in relation to the organisation's pūtake.
Contributions and Equipment/Stationery
1 x 200pg exercise book
Pathway
Commerce is a foundational subject that prepares ākonga for further specialised secondary school study. At NCEA Levels 2 and 3, Commerce branches into Accounting and Economics. Studying Commerce will provide ākonga with a broad financial knowledge base to draw from in a variety of roles and organisations in the future.
Understanding financial viability and decision-making processes are essential for operating small businesses. This is equally true of both the continued operations of established businesses and the founding of new ventures. Beyond the operation of businesses, ākonga will have opportunities to develop deeper connections with personal financial capability, and a greater understanding of the financial concepts they encounter in their daily lives.
Exploring the role of pūtake in business operations will have ākonga weigh financial information against social and cultural factors. This experience with complex problem solving can be applied in fields such as governance, community organisation, and project management.
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
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