The teachers in charge of this course are Mr Blyth, Mrs Boyd, Miss Price and Ms James.
Year 10 Economics is designed to make students more knowledgeable consumers and to introduce students to some of the economic concepts which will help them to participate more effectively in the workforce. This course is a lot of fun and great preparation for further study in Commerce or Economics or Accounting or Business Studies in the senior school. You will develop literacy and numeracy skills as well as many of the soft skills desired by employers like your ability to confidently present information and the ability to work effectively with others.
The units of work we will cover include:
- Enterprise Studies - Students will learn about enterprising people and about how to set up their own small business. This section culminates in working as part of a group to produce and sell a product, to put into practice the skills developed and to see if students can make a profit which they get to keep (after tax).
- Consumer Rights and Responsibilities - This unit introduces students to their rights when students buy faulty goods or unsatisfactory services. Students learn about their rights and obligations when buying from door-to-door salespeople or on lay-by and time payments. Contracts are discussed, as are the agencies which are there to help students.
- Accounting - Students will be introduced to Accounting concepts and learn how to prepare and understand financial statements.
- Share market - Students will learn how the share market works, how to interpret financial information and how to trade shares. We will have a competition to see which group can make the most profit from a trading simulation. Students will also learn about risk profiles and investment strategies.
- Demand - You will learn about the factors which influence the demand for goods and services and how price affects the quantity demanded. You will also be introduced to some of the skills you will learn to apply throughout your future study of Economics.
- Resources - In this topic you learn about the different groups of resources and some of the methods producers can use to improve their efficiency so they can reduce their costs and increase their profits. You will also begin to learn how government decisions and world events can impact on the New Zealand economy.
Course Costs: There are low stationery costs associated with this course.