Semester Elective Unit
There are no prerequisites for this course.
Business Studies is a contemporary unit and is subject to ongoing change. The areas of study may vary in light of emerging interests, current affairs and events that impact the business environment.
The key objective of this unit is to introduce students to a range of financial, legal and business skills which lay the foundation for their successful participation in society as young adults. It introduces aspects of accounting, legal studies, business management and economics and allows students to gain initial awareness of these subject areas.
The course integrates the use of computers in key areas of reporting, analysing and researching information. Students develop skills in the use of spreadsheets as a financial tool and make extensive use of the internet in researching information and implementing decisions.
- What is innovation?
- What skills are required to be a successful entrepreneur?
- Why is budgeting important to individuals and the country?
- How do you go about making a suitable investment decision?
- What is a criminal offence?
Areas of Study
Innovation, Enterprise and e-Commerce
Students develop an awareness of the skills and initiative required for business success, areas covered include:
- Types of business, including the role of e-commerce and the marketing implications of the internet.
- Innovation and enterprise in the business world.
- Entrepreneurial skill development.
Investment and Economics
Students explore different investment options and consider the impact of economic events on financial decisions, areas covered include:
- Different forms of investment and related risks and returns.
- Assessment of the impact of selected economic events, such as changing interest rates.
The Law in Action
Students investigate the need for laws in society, the key features of criminal and civil law and the possible outcomes and impacts of crime, areas covered include:
- Investigating why laws are needed.
- Examining the difference between criminal and civil law.
- Exploring the role of courts and punishment.
||Students prepare the launch of a product or service using principles of e-commerce.
||Tests are given at the end of most areas of study.
||Students undertake an examination at the conclusion of the course.