Curriculum Studies Guide 2018

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Curriculum Studies Guide 2018
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Periods per week Five
Description
The aim is to provide students with a clear
understanding of the behaviour of individual
producers, and the government, in the modern
economy. The course comprises two sections:
resource allocation via markets, and aggregate
demand and supply analysis. The emphasis is on
developing research, analytical and statistical
skills. The course is a direct precursor to tertiary
study of Economics.
Assessment
This course contributes towards the National
Certificate in Educational Achievement. 8 of the
18 credits are externally assessed by examination:
the remaining 10 credits are internally assessed.
The following achievement standards will be
assessed:
AS 91399
Demonstrate understanding of the efficiency of
market equilibrium. (4 credits – external)
AS 91400
Demonstrate understanding of the efficiency
of different market structures using marginal
analysis. (4 credits – external)
AS 91401
Demonstrate understanding of micro-economic
concepts. (5 credits – internal)
AS 91402
Demonstrate understanding of government
interventions to correct market failure
(5 credits – internal)
FINANCIAL LITERACY
YEAR 11 &12
Status Optional
Prerequisites Approval of HOD Commerce
Periods per week Four
Description
Year 11 and 12 students wanting a background
in the essential book-keeping skills of business
and personal financial record keeping without
academic theory of specialist subjects like
Accounting and Economics.
Assessment
This course uses a combination of internal
achievement and unit standards totalling 23
credits.
They will:
• Learn to use spreadsheets for budgets and
record keeping
• Learn to prepare, understand and process
financial transactions using:
– – cash journals
– – source documents
• Prepare bank reconciliations
• Handle GST transactions
• Prepare personal and business budgets
• Investigate basic cash control systems of a
business and report on why these controls are
important
• Understand the importance of marketing mix
for business success
• Understand the importance of aspects of
human resource processes in business
US 327
Document business transactions. (4 credits -
internal)
US 2784
Create and use a simple computer spreadsheet to
solve a problem. (3 credits - internal)
AS 90977
Process financial transactions for a small entity.
(5 credits - internal)
AS 90982
Demonstrate an understanding of cash
management for a small entity. (4 credits - internal)
AS 90839
Apply business knowledge to an operational
problem(s) in a given small business context.
(4 credits – external)
AS 90840
Apply the marketing mix to a new or existing
product. (3 credits – internal)