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Revised National Curriculum Statement Grade R-9 (Schools)
Grade Three
Learning Area: Economic and Management Sciences
( Further information on the Outcomes for this Learning Area )
Learning Outcome 1: The Economic Cycle
The learner will be able to demonstrate knowledge and understanding of the economic cycle within the context of ‘the economic problem’.
Assessment standards
We know this when the learner:
- Describes ways in which the household or school can generate an income from waste materials (e.g. paper, glass, tin), or save money by recycling.
- Discusses alternative goods and services as a way to economise and save.
- Draws up a simple shopping list and calculates the amount of money needed o buy goods and services.
- Mentions ways of avoiding waste of resources when working.
- Identifies some business leaders and entrepreneurs in own community and describes their businesses.
Learning Outcome 2: Sustainable Growth and Development
The learner will be able to demonstrate an understanding of sustainable growth,reconstruction and development, and to reflect critically on its related processes.
Assessment standards
We know this when the learner:
- Describes the role of businesses in offering employment and creating jobs.
- Presents stories about the effect of employment and unemployment on the household.
- Describes the relationships between income, place of work, job done and responsibilities involved.
- Collectively plans or runs a real or simulated classroom enterprise responsibly by selling or making goods for the market.
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