NCEA L1 Economics and Business Studies
Teacher in Charge: Mrs J. Thomas
Economics examines the choices people make about the use of limited resources to satisfy unlimited wants. It is the study of how people make decisions and how these decisions apply to real-world problems. This course introduces the basic tools that economists use to explore these topics and will cover fundamental economic concepts like scarcity, supply and demand.
Business Studies is about how individuals and groups of people organise, plan and act to create and develop goods and services to satisfy customers.
Students will develop a marketing mix for a product of their choice that shows understanding of how to put a plan around selling a product. They will also write a Business Plan around a product of their choice that they will produce and sell at a school market day.
Students will participate in the BP Business Challenge. This is a three day program that is delivered by The Young Enterprise Trust. This is a really valuable learning experience and you can find more information here.
Circular Flow (interdependence) in the Economy - Internal Economics paper
BP Business Challenge
Marketing Mix - Internal Business Studies paper
Producer Supply - External Economics paper
Market Day - Internal Business Studies paper
Finish Market Day - Internal Business Studies paper
Derived Grade examinations
Market Equilibrium - External Economics paper
Finish Market Equilibrium - External Economics paper
This course is eligible for subject endorsement.
Total Credits Available: 21 credits.
Externally Assessed Credits: 12 credits.
Internally Assessed Credits: 9 credits.