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 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.
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
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.
For more detailed information, please click on the link/s below:
For more detailed information, please click on the link/s below:
Victorian Curriculum: The Humanities - About the Humanities - Victorian Curriculum (vcaa.vic.edu.au)
Australian Curriculum: Economics and Business | The Australian Curriculum
Money, Markets and Citizenship (Vic), Cambridge 2E (Digital).