Revised National Curriculum Statement Grades R-9 (Schools) - Grade Two
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 roles of households as key role-players in the production and consumption of goods and services.
- Explains that wants can be unlimited, always changing and influenced by friends, the media, and the development of new products and services by businesses.
- Reads and identifies prices from different types of price tags and labels.
- Calculates change after buying simple goods and services.
- Expresses the importance and ways of saving and not wasting money and other resources such as water and electricity.
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:
- Shares reasons why members of the family work or do not work.
- Identifies and describes the different places where family members work (migrant labour, urban and rural areas).
- Discusses the attitudes of members of the family towards work (within the home and in the community).
- Identifies available resources used to create innovative and marketable products.