Pukekohe High School
Year 10 Money Matters
Course Description
Head of Faculty - Kaihautuu: Mr B. Silk, Mr M. Naicker.
Money Matters Course be for TWO SEMESTERS (2 TERMS ONLY). It will equip students with the financial literacy skills, knowledge, and capability to make well-informed financial decisions throughout their lives. These courses assist students in becoming responsible, confident, and independent managers of money, enabling them to live, learn, work, and contribute as active members of our community.
Year 10 Money Matters
To be active and productive participants in our community, it is vital that students are prepared for a complex and fast-paced financial world. Students need to have a basic knowledge and understanding of financial organisations, how to use credit effectively, and make wise investment choices. They will become confident in making sound financial and economic decisions.
Financial Literacy Skills through Banqer:
- Banking: Understanding interest rates and exchange rates.
- Savings: Learning about KiwiSaver, risk vs return, investments, and the share market.
- Debt: Managing credit cards, personal loans, hire purchases, bank overdrafts, and mortgages.
- Income: Understanding payslips and sources of income.
- Taxation: Learning about PAYE, GST, RWT, excise, and customs duty.
- Budgeting: Preparing for your first job and creating personal budgets.
- Property: Comparing renting vs owning and understanding flatting.
- Insurance: Exploring house, contents, vehicle, health, and life insurance.
- Consumer Law and Financial Risk: Understanding your rights and responsibilities.
Accounting:
The language of business is a way to communicate the financial health of a business, community organisation, or individual so that economic decisions can be made.
Topics covered include:
- What is Accounting? Understanding the basics and importance of accounting.
- Getting Started in Business: Initial steps and considerations in starting a business.
- Recording Financial Information: Understanding and recording assets, liabilities, income, expenses, and equity; preparing and interpreting financial statements.
Economics:
Economics is concerned with the production, distribution, and consumption of goods and services. It studies how individuals, businesses, governments, and nations make choices about how to allocate resources.
Topics covered include:
- The Market: Understanding supply and demand.
- Types of Economies: Exploring various economic systems from communism to capitalism and considering economic sustainability, climate change, and resource depletion.
- Behavioural Economics: Studying consumer psychology and market behaviours.
- Share Market: Learning about market dynamics, from bubbles to busts, including historical examples like the Tulip bubble and the Global Financial Crisis.
Course Overview
Semester A
Accounting and Financial Literacy:
What is Accounting?
Understanding Financial and Non-financial information.
Identifying and explaining Accounting Elements – Assets, Liabilities, Equity, Income, and Expenses.
Preparation of simple and detailed Financial Statements.
The Accounting Equation and how to record business transactions.
Identifying and explaining business source documents.
Calculating GST.
Analysis of Financial Information and what this means for a business.
Budgeting.
Banking: Understanding interest rates and exchange rates.
Savings: Learning about KiwiSaver, risk vs return, investments, and the share market.
Debt: Managing credit cards, personal loans, hire purchases, bank overdrafts, and mortgages.
Income: Understanding payslips and sources of income.
Taxation: Learning about PAYE, GST, RWT, excise, and customs duty.
Semester B
Economics and Financial Literacy:
What is Economics?
Scarcity, Limited Means, Choice, and Opportunity Cost.
What is Demand?
Conditions/Shifts in Demand.
Types of Goods and Services.
What is Supply?
Conditions/Shifts in Supply.
Budgeting: Preparing for your first job and creating personal budgets.
Property: Comparing renting vs owning and understanding flatting.
Insurance: Exploring house, contents, vehicle, health, and life insurance.
Consumer Law and Financial Risk: Understanding your rights and responsibilities.
Semester C
Accounting and Financial Literacy:
What is Accounting?
Understanding Financial and Non-financial information.
Identifying and explaining Accounting Elements – Assets, Liabilities, Equity, Income, and Expenses.
Preparation of simple and detailed Financial Statements.
The Accounting Equation and how to record business transactions.
Identifying and explaining business source documents.
Calculating GST.
Analysis of Financial Information and what this means for a business.
Budgeting.
Banking: Understanding interest rates and exchange rates.
Savings: Learning about KiwiSaver, risk vs return, investments, and the share market.
Debt: Managing credit cards, personal loans, hire purchases, bank overdrafts, and mortgages.
Income: Understanding payslips and sources of income.
Taxation: Learning about PAYE, GST, RWT, excise, and customs duty.
Semester D
Economics and Financial Literacy:
What is Economics?
Scarcity, Limited Means, Choice, and Opportunity Cost.
What is Demand?
Conditions/Shifts in Demand.
Types of Goods and Services.
What is Supply?
Conditions/Shifts in Supply.
Budgeting: Preparing for your first job and creating personal budgets.
Property: Comparing renting vs owning and understanding flatting.
Insurance: Exploring house, contents, vehicle, health, and life insurance.
Consumer Law and Financial Risk: Understanding your rights and responsibilities.
Recommended Prior Learning
None
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
Accounting, Finance, Marketing, Economist, Policy writer, Data Analyst, Statistician, Banking, Entrepreneur.
Assessment Information
You will be assessed at the end of each Semester.The Course will have TWO Assessments
Pathway Tags
Accounts Officer, Managing Director/Chief Executive, Civil Engineer, Quantity Surveyor, Economist, Game Developer, Payroll Officer, Management Consultant, Data Analyst, Cook, Mining Engineer, Accountant, Auditor, Finance Manager, Retail Manager, Statistician, Baker, Hotel/Motel Manager, Cafe Worker, Debt Collector, Property Manager, Butcher, Waiter/Waitress, Cafe/Restaurant Manager, Urban/Regional Planner, Kitchenhand, Chef, Elected Government Representative, Meat/Seafood Process Worker, Delivery Driver, Information Technology Architect, Saw Doctor, Network Administrator, Actuary, Bank Worker,
Useful Links
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