Revised National Curriculum Statement Grades R-9 (Schools) - Grade Nine
Learning Area: Economic and Management Sciences
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:
- Explains the different flows of money, factors of production, goods and services in the economic cycle within the South African economy.
- Discusses the role of the foreign sector in the economic cycle.
- Illustrates by means of a graph and discusses how demand and supply influence prices.
- Critically assesses the influence and actions (strikes and stayaways) of trade unions in general and during the apartheid era on:
- the South African economy;
- political, economic and social transformation;
- labour issues.
- Discusses the effect of the national budget on the economy (e.g. taxation and expenditure on education, social welfare, health and security).
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:
- Discusses how the national budget, regional and international agreements can be used to facilitate sustainable growth and development.
- Investigates and debates the successes and shortcomings of the RDP.
- Explains the role of savings and investments in economic prosperity and growth.
- Discusses productivity and its effects on economic prosperity, growth and global competition.
Learning Outcome 3: Managerial, Consumer and Financial Knowledge and Skills
The learner will be able to demonstrate knowledge and the ability to apply responsibly a range of managerial, consumer and financial skills.
Assessment standards
We know this when the learner:
- Completes a basic income statement and balance sheet for a service and retail business.
- Investigates the public relations, social responsibility and environmental responsibility strategies and actions of different businesses and organisations.
- Completes cash and credit transactions in the books of service and retail businesses:
- uses a cash receipts and payment journal, and a debtors’ and creditors’ journal;
- posts journals to the general ledger and draws up a trial balance.
- Uses keyboard skills and function keys in developing, storing, retrieving and editing business documentation.
- Analyses financial statements for decision-making at a basic level.
- Differentiates between the forms of credit purchases (e.g. open accounts, instalment sales, credit card), and explains and assesses:
- the use of different means of payment in the economy (e.g. cash, cheques, postal orders, credit cards, debit cards, smart cards, travellers cheques);
- the advantages of cash purchases.
- Researches the laws affecting basic conditions of employment and non-discrimination in the workplace.
Learning Outcome 4: Entrepreneurial Knowledge and Skills
The learner will be able to develop entrepreneurial knowledge, skills and attitudes.
Assessment standards
We know this when the learner:
- Generates, through SWOT analysis, possible business ideas to meet the need for manufactured goods or services.
- Develops a business plan (including a budget) for a manufacturing, service or tourism enterprise based on the best business opportunity from the ideas generated.
- Engages in the business activity planned and discusses the reasons for choosing a particular form of ownership.
- Conducts a marketing campaign to promote a product and discusses the self-selected advertising media.
- Researches the role of small, medium and micro enterprises in wealth and job creation processes.