L1 Commerce

Year 11 Commerce is a foundational course that combines three core subjects: Economics, Accounting, and Business Studies. It delves into the impact of diversity and culture on enterprise and innovation, while also exploring the inner workings of businesses and their effects on the economy and society.

Learners will gain valuable insights from using e-learn economics, connecting with successful entrepreneurs, and participating in the bp Business Challenge through YES. These opportunities will enhance their learning experience and provide them with practical exposure to real-world business scenarios.

Commerce invites ākonga to explore accounting, economic, and commercial concepts, equipping students with the knowledge, skills, and values essential for navigating the economic world. Ākonga will have an opportunity to explore the economic world through lenses other than their own, at multiple levels. Learners will learn an economic language of models and concepts to support them to navigate the economic world. Learners will explore the perspectives and decisions of individuals and groups. This course explores the complex financial interdependence among whānau (extended family), communities, and organizations, recognizing the interconnectedness that shapes economic relationships and dynamics. Students will develop the skills to make informed financial and non-financial decisions, fostering sustainable resource utilization and generating positive outcomes for stakeholders. Through this exploration and understanding, gain a holistic understanding of commerce, recognizing its interplay with cultural diversity and the significance of economic sustainability.

At Level 1 Commerce, learners will learn to

1. Understand different types of organisations in Aotearoa New Zealand. An organisation is a group of people who work together with a particular purpose. Examples of groups include whānau, hapū, iwi, clubs, charities, and businesses.
2. Understand and discuss pūtake in relation to the different types of organisations in Aotearoa New Zealand. In Commerce pūtake is the reason an organisation exists. For example, maintaining an ecosystem, providing for future generations, or making a profit.  
3. Research multiple options for a decision that includes financial information and a consideration of the pūtake of the organisation.
4. Using the research data gathered, describe the options that meet the need, issue, or opportunity of the organisation and its pūtake
5. Understand financial tools so that the data from the financial tool can be used to support their decision. For example, a price/feature comparison chart, a SWOT analysis (including financial data), a budget, Income Statement, Break-even Analysis or a cost benefit analysis.
6. Understand the different stakeholders of the organisation, for example, customers, shareholders, and employees.
7. Understand the circular flow of the economy. This includes understanding the interdependence among the different sectors in the economy.