Westlake Boys High School
Year 11 Commerce Extension
Course Description
Teacher in Charge: Mrs L. Keen.
Year 11 Commerce Extension
The Level 1 Commerce extension program is designed to offer a comprehensive understanding of commerce by integrating Accounting, Business Studies, and Economics, and by emphasising their practical application through experiential learning. It is to lay a broader foundation for students and provide real-world insights into the business and economic landscape of Aotearoa New Zealand, preparing them for further specialisation in commerce at Level 2.
The curriculum of the program centres around the decision-making processes with the economy, equipping students with the essential knowledge to make responsible choices, despite limited resources and diverse cultural perspectives. Through exploring the theoretical and practical aspects of commerce, they will gain a well-rounded perspective on organisational decision-making.
Students will learn how decision-making is influenced by factors such as resource scarcity, the economic environment, and the cultural backgrounds of individuals. They will examine how business decisions impact on resource utilisation and sustainability, as well as evaluating how external influences shape businesses and their interdependent relationships within the broader economy.
The program is to nurture responsible decision-making skills in students, enabling them to comprehend the complexities of commerce and become forward-thinking and conscientious contributors to the economy of Aotearoa New Zealand.”
Course Overview
Term 1
We take a ‘birds-eye’ view of the New Zealand economy in context. Learners will be able to draw and explain the Circular Flow Model and understand how sectors within this model are interdependent on one another. Students will investigate how different groups rely on each other within the economy, with a view to understanding how Pūtake informs decision-making.
Term 2
Students will hone their understanding of the theories of Producer and Consumer choice. We will analyse Demand and Supply, and how these market forces help Producers to establish prices in the market. This includes basic economic concepts of scarcity, choice and opportunity cost, and the factors that influence the purchase decisions made by consumers. On the flip side, we will review the key factors which influence decisions made by firms when bringing their product to market.
Term 3
Learners will gain real-world, business experience through working in business groups, conducting market research, writing a business plan for a business activity, and then carrying out this business activity at the Westlake Boys High School market. This topic also includes a focus on sourcing and managing finance, recording financial transactions, and completing financial documents for their business.
Term 4
Learners will demonstrate a comprehensive understanding of external factors that influence businesses in New Zealand. This topic will focus on financial decision-making, and how businesses are influenced by political, economic, social, technological, legal and environmental factors. This will enable learners to analyse, evaluate and recommend solutions to external events that impact on an organisation.
Disclaimer
Course selection does not guarantee a course will be available or that you have approval to take a course. Final course confirmation is in January and depends on your final results and in rare cases, staff availability.
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