Level 1 Commerce

Course Description 

Commerce is the use and exploration of accounting, economic, and business concepts to help make sense of society and solve problems. In this subject you will build the knowledge, skills and values to participate in the economic world with a focus on setting up and running a viable business. There is a lot of collaborative teamwork involved in this course so there is the expectation that you will be highly motivated and effective in order to succeed. Be prepared to learn a lot.

Topics covered include:

• Clothing Market Simulation Competition 

• Setting up and running a viable online business in groups 

• The financial decision-making processes used by businesses 

• The factors that influence at what price goods and services are sold 

• The effect events have on the viability of a business

Recommendations for subject entry

Sound literacy and numeracy skills are helpful to cope with the level of writing and financial calculations in this course. 

Assessment

Three  5 credit Achievement Standards with a mix of internal and external assessments. Assessments will be selected from the following standards.  

• 1.1 - Demonstrate understanding of an organisation’s financial decision-making (Internal, 5 Credits)

• 1.2 - Demonstrate understanding of price determination for an organisation (Internal, 5 Credits)

• 1.4 - Demonstrate understanding of the financial viability of an organisation (External, 5 Credits)

Next steps

Level 2 Economics.

 Course contributions

$55 for course-related costs including market simulation.