EBS1

NCEA L1 Economics and Business Studies

Course Description

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


Course Overview

Term 1
Consumer Demand
Circular Flow (interdependence) in the Economy - Internal Economics paper
BP Business Challenge
Marketing Mix - Internal Business Studies paper

Term 2
Producer Supply - External Economics paper
Market Day - Internal Business Studies paper

Term 3
Finish Market Day - Internal Business Studies paper
Derived Grade examinations
Market Equilibrium - External Economics paper

Term 4
Finish Market Equilibrium - External Economics paper

Pathway

Career Pathways

Credit Information

This course is eligible for subject endorsement.

Total Credits Available: 21 credits.
Externally Assessed Credits: 12 credits.
Internally Assessed Credits: 9 credits.

Assessment
Description
Level
Internal or
External
Credits
L1 Literacy Credits
UE Literacy Credits
Numeracy Credits
A.S. 90840 v3
NZQA Info
Business Studies 1.4 - Apply the marketing mix to a new or existing product
3
3
3
Level: 1
Internal or External: Internal
Credits: 3
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 0
Numeracy Credits: 0
A.S. 90842 v2
NZQA Info
Business Studies 1.6 - Carry out and review a product-based business activity within a classroom context with direction
Level: 1
Internal or External: Internal
Credits: 6
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 0
Numeracy Credits: 0
A.S. 90983 v3
NZQA Info
Economics 1.1 - Demonstrate understanding of consumer choices, using scarcity and/or demand
4
4
4
Level: 1
Internal or External: External
Credits: 4
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 0
Numeracy Credits: 0
A.S. 90985 v3
NZQA Info
Economics 1.3 - Demonstrate understanding of producer choices using supply
Level: 1
Internal or External: External
Credits: 3
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 0
Numeracy Credits: 0
A.S. 90986 v3
NZQA Info
Economics 1.4 - Demonstrate understanding of how consumer, producer and/or government choices affect society, using market equilibrium
5
5
5
Level: 1
Internal or External: External
Credits: 5
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 0
Numeracy Credits: 0
Credit Summary
Total Credits: 21
Total Level 1 Literacy Credits: 21
Total University Entrance Literacy Credits: 0
Total Numeracy Credits: 0