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Commerce

Year 10 - Elective

Length of Course: Semester
Department: Business Studies
Head of Department: Ms Libby Paul
Year Available: 2025

This subject provides students with an introduction to Business Management, Accounting and Economics. Students begin by exploring business planning, gaining an understanding of the business environment and business terminology as well as the need of businesses to create a competitive advantage. They explore introductory accounting concepts such as recording accounting transactions, interest, GST and price setting. They also develop their ICT skills in terms of using Excel.  Students gain an understanding of how a small business accounts for both profit and cash flows as well as the decision-making process on how a business can be financed.

Students move on to studying some fundamental economic concepts, such as relative scarcity, opportunity cost, resource allocation and the laws of demand and supply. They look at the relationship between consumers, businesses and the government in a market economy. The insights of behavioural economics are also examined.

Curriculum focus

  • Innovation and entrepreneurship

  • Starting your own business

  • Business planning

  • Marketing

  • Recording and reporting financial information

  • Price-setting strategies

  • Resource allocation and living standards

  • Demand and supply models

  • Behavioural economics

Assessment

Student assessment typically incorporates topic tests and the submission of completed learning activities (including exercises and group work).

There is also an examination at the end of the semester.

Links

For more detailed information, please click on the link/s below:

Key Resource

In the current absence of a suitable textbook, Business Studies staff have created their own learning resources. These will be made available at the start of the semester.