Year 11 Commerce

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.