|Faculty Leader||Vivianne McDermott||Accounting & Economics|
An understanding of the business and commercial world around us is an important aspect of our education. The knowledge and skills gained in studying Commerce subjects, and exposure to enterprise culture, can help shape creative, energetic, and enterprising young people who will contribute to New Zealand’s economic future.
In Business Studies, students develop their understanding of business theory and practices, of how businesses plan and develop goods and services to satisfy the market, through both real-life experience of running a small business as well as theoretical approaches to learning. Students will develop an awareness of how business is influenced by, and impacts on, the cultural, ethical, environmental, political, and economic conditions of the day.
Economics is the study of how consumers, producers and government make decisions about their resource use, and of the forces that affect those decisions, with a focus on local and NZ producers, the local community, and the NZ economy. Economics explores: issues of sustainability (efficient use of scarce resources); enterprise (identifying profit-maximising levels of output); citizenship (economic decisions affecting New Zealand society) and globalisation (the benefits of international trade).
Accounting gives students the financial literacy tools to make real life financial decisions in a constantly changing world. The students study the process of preparing and communicating financial information to a wide range of users, from households and sole proprietorship businesses in Year 11, through to partnerships and companies in Year 13.