Pukekohe High School
NCEA Level 1 Commerce
Course Description
Head of Faculty - Kaihautuu: Mr B. Silk, Mr M. Naicker.
What is Commerce about?
Commerce is the use and exploration of accounting, economic, and business concepts and models to make sense of society and solve problems. In this subject, ākonga (students) will build the knowledge, skills, and values they need to navigate and participate in, the economic world. They will learn how participants in the economic world make decisions, and they will analyse how these decisions impact sustainability. Ākonga (students) will learn that decision-making is necessitated by scarcity and that decisions are informed by a variety of cultural perspectives and lenses. Learning and assessment will examine Māori, Pacific, and different approaches to commerce, and business models from whānau and organisation contexts.
Important learning that will be included in your course:
- recognise that Māori, indigenous Pacific knowledge, and other perspectives inform a range of concepts that influence decision making;
- understand how sectors and groups within society are interdependent;
- use concepts, models, or financial statements to communicate financial and non-financial information;
- understand that due to scarcity, decisions need to be made;
- investigate how pūtake informs financial and non-financial decision making;
- understand that decisions made by organisations impact themselves and society;
- explore how rangatiratanga empowers organisations or communities;
- understand how prices affect or are affected by financial and non-financial decision making;
- explore how collaboration, such as talanoa and wānanga, may lead to innovation or resolution;
- understand what is necessary for organisations to be financially viable;
- use a financial management tool to assist decision-making for financial viability; and
- explore how external factors impact organisations.
NOTE: organisations include whānau, hapū, iwi, community organisations, and businesses.
**Due to the nature of learning Business, it is highly recommended that students have a laptop for their learning**
Course Overview
Term 1
Commerce 1.1 (92028-Demonstrate understanding of an organisation’s financial decision-making)) - 5 credits, internally assessed
Explanatory Note 1
Demonstrate understanding of an organisation’s financial decision making involves:
- describing options available for the organisation to address a need, issue, or opportunity
- describing a decision using supporting information from a financial tool
- describing how the decision addresses the need, issue, or opportunity.
Examine an organisation’s financial decision making involves:
- explaining how stakeholder perspectives informed the decision making
- explaining possible consequences of the decision for the organisation and stakeholders.
Evaluate an organisation’s financial decision making involves:
- analysing how the decision integrates stakeholder perspectives and responds to possible consequences.
Explanatory Note 2
As part of the evidence provided, students must include discussion of pūtake in the context of the process that leads to an organisation’s financial decision.
Explanatory Note 3
An organisation is a group of people who work together with a particular purpose.
Examples include:
- whānau, hapū, or iwi
- clubs
- charities
- businesses.
Explanatory Note 4
Financial tools are tools that are used by an organisation for financial management.
Examples include:
- a price/feature comparison chart
- a SWOT analysis
- a budget
- a cost-benefit analysis
- an online calculator or form (for example, in considering finance options).
Explanatory Note 5
Stakeholders are people or groups with an interest or concern in something, especially a business.
Examples of stakeholders include:
- employees
- suppliers
- whānau, hapū, or iwi.
This Achievement Standard is derived from the Social Sciences Learning Area at Level 6 of The New Zealand Curriculum: Learning Media, Ministry of Education, 2007.
Term 2
Commerce 1.2 (92029-Demonstrate understanding of price using a model or concept) - 5 credits, internally assessed
Explanatory Note 1
Demonstrate understanding of price determination for an organisation involves:
- determining a price informed by financial and non-financial information, and a model or concept.
Examine price determination for an organisation involves:
- explaining how the determination of price could be affected by a change in an internal or external factor, supported by financial or non-financial information, and a model or concept.
- describing options for changing, or not changing, the price.
Evaluate price determination for an organisation involves:
- justifying the determined price using financial or non-financial information, and a model or concept.
- explaining the consequences of the determined price with reference to impacts on the organisation and stakeholders.
Explanatory Note 2
Models or concepts are used to observe, understand, and make predictions about economic behaviour.
Examples include:
- supply and demand model
- projected income statement
- cost/volume/profit analysis.
Explanatory Note 3
An organisation must relate to an organisation that sets a price for either a product or service.
Explanatory Note 4
Internal factors refer to anything within and under the control of the entity, and which may have financial implications for the entity.
Examples of internal factors include:
- staff
- processes
- organisational structure.
External factors refer to anything outside and under no control of the entity, and which may have financial implications for the entity.
Examples of external factors include:
- legislation and regulation
- competition
- customers and suppliers.
Explanatory Note 5
Stakeholders are people or groups with an interest or concern in something, especially a business.
Examples of stakeholders include:
-employees
- suppliers
- whānau, hapū, or iwi.
This Achievement Standard is derived from the Social Sciences Learning Area at Level 6 of The New Zealand Curriculum: Learning Media, Ministry of Education, 2007.
Term 3
Commerce 1.4 (92031-Demonstrate understanding of how an organisation’s financial viability is affected by an event) - 5 credits, externally assessed.
Explanatory Note 1
Demonstrate understanding of how an organisation's financial viability is affected by an event involves:
- describing how an organisation is financially viable, supported by a model or concept
- describing how an organisation's financial viability is negatively affected by an event.
Examine how an organisation's financial viability is affected by an event involves:
- explaining how an organisation’s financial viability is affected by an event, supported by a model or concept
- describing actions the organisation could take to remain financially viable.
Evaluate how an organisation's financial viability is affected by an event involves:
- analysing a recommended action in response to an event for the organisation to remain financially viable, informed by a model or concept.
Explanatory Note 2
As part of the evidence provided, students must include discussion of pūtake in the context of demonstrating understanding of how an organisation's financial viability is affected by an event.
Explanatory Note 3
Financial viability means the ability of an organisation to continue operating from a financial perspective over time.
Explanatory Note 4
Models or concepts are used to observe, understand, and make predictions about economic behaviour.
Examples include:
- supply and demand model
- income statement
- cost/volume/profit analysis
- cost/benefit analysis.
Explanatory Note 5
An event is something that happens that has economic significance to an organisation.
Examples include:
- a change in market conditions
- a natural event
- a change for a stakeholder.
This Achievement Standard is derived from the Social Sciences Learning Area at Level 6 of The New Zealand Curriculum: Learning Media, Ministry of Education, 2007.
Term 4
In Term 4, ākonga (students) will reflect on what they have learned this year and how they can use this knowledge and skills in the future.
There will be an opportunity to develop core Accounting and Economics skills for Year 12.
Recommended Prior Learning
Students enrolled in MIT Courses and/or Work Experience programme are strongly advised not to enrol in the Level 1 Commerce course. Success in this course relies heavily on consistent attendance, active participation in group work, organisational skills, the ability to balance and manage time between Commerce and your other enrolled Level 1 courses, and meeting high-pressure multiple deadlines.
Prerequisites:
- Over 80% attendance is mandatory.
- Personal laptop or large-screen device is mandatory.
- Strong background in numeracy, literacy, and digital skills to develop, write, and implement business plans.
- Proficient time management skills.
- Ability to work effectively in a group, sharing roles and responsibilities.
- Ability to self-manage, organise, attend markets to sell products, and speak confidently.
Contributions and Equipment/Stationery
A personal laptop is essential for this course. If obtaining one is a barrier, please contact Ben Silk, the Kaihautu/Head of Social Sciences, at .
Pathway
Students learning Commerce have a wide range of career pathways to explore. Commerce is a field that encompasses various areas of business, accounting, and economics. Here are some potential career paths for high school students interested in Commerce:
Accounting: Pursuing a career as an accountant involves managing financial records, preparing financial statements, and providing advice on financial matters to individuals and organizations.
Finance: This field involves managing money, investments, and financial planning. Careers in finance include financial analyst, investment banker, financial planner, and portfolio manager.
Business Administration/Management: This field focuses on the overall operations and management of businesses. Career options include business manager, operations manager, human resources manager, or entrepreneur.
Marketing: A career in marketing involves promoting and selling products or services. Jobs in this field include marketing manager, market research analyst, advertising executive, or social media marketer.
International Business: Students interested in global commerce can pursue careers related to international trade and business operations. Opportunities may include international business consultant, import/export specialist, or global supply chain manager.
Economics: Studying economics can lead to careers in areas such as economic analysis, research, and policy development. Jobs may include economic analyst, market researcher, or economic consultant.
Banking: The banking sector offers various career paths, including roles such as bank teller, loan officer, financial advisor, or investment banker.
Entrepreneurship: Students with an entrepreneurial spirit can start their own businesses or work in start-up environments. This path requires creativity, innovation, and strong business acumen.
Insurance: Careers in the insurance industry involve assessing risks, selling insurance policies, and providing financial protection to individuals and businesses. Opportunities include insurance agent, underwriter, or claims adjuster.
Retail Management: This path involves overseeing the operations and sales of retail establishments. Career options include store manager, merchandising manager, or buyer.
It's important for high school students interested in Commerce to pursue further education, such as a bachelor's degree in a relevant field, to enhance their knowledge and increase their career prospects. Additionally, internships, networking, and gaining practical experience can be valuable for exploring different career pathways within the Commerce field.
Assessment Information
1. Commerce 1.1 (92028-Demonstrate understanding of an organisation’s financial decision-making) - 5 credits, internally assessed: September (date completed)2. Commerce 1.2 (92029-Demonstrate understanding of price using a model or concept) - 5 credits, internally assessed: June (date completed)
3. Commerce 1.4 (92031-Demonstrate understanding of how an organisation’s financial viability is affected by an event) - 5 credits, externally assessed: August (date completed)
Credit Information
You will be assessed in this course through all or a selection of the standards listed below.
This course is eligible for subject endorsement.
External
NZQA Info
Commerce 1.1 - Demonstrate understanding of an organisation's financial decision-making
NZQA Info
Commerce 1.2 - Demonstrate understanding of price determination for an organisation
NZQA Info
Commerce 1.4 - Demonstrate understanding of the financial viability of an organisation
Pathway Tags
Animator/Digital Artist, Sales Representative, Accountant, Auditor, Accounts Officer, Actuary, Office Administrator, Finance Manager, Sales and Marketing Manager, Agricultural/Horticultural Consultant, Business Analyst, Software Developer, Retail Manager, Statistician, Building Surveyor, Architectural Technician, Insurance Loss Adjuster, Bank Worker, Hotel/Motel Manager, Farmer/Farm Manager, Property Manager, Building Contractor, Cafe/Restaurant Manager, Managing Director/Chief Executive, Insurance Claims Officer, Industrial Designer, Information Technology Manager, Event Manager, Dairy Farmer, Legal Executive, Crop Farmer/Manager, Systems Administrator, Workplace Relations Adviser, Economist, Importer/Exporter, Financial Adviser, Kaiwhakaako Māori, Market Research Analyst, Mortgage Broker, Office Manager, Purchasing/Supply Officer, Production Manager, Project Manager, Real Estate Agent, Recruitment Consultant, Travel Agent/Adviser, Management Consultant, Orchard Farmer/Manager, Dairy Herd Manager, Dairy Farm Manager, Facilities Manager,
Useful Links
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