Rosmini College
NCEA Level 1 Commerce
Course Description
Teacher in Charge: Mr N. Kumar.
Commerce is the use and exploration of accounting, economic, and business concepts and models to make sense of society and solve problems. In this subject, ākonga will build the knowledge, skills, and values they need to navigate and participate in, the economic world. They will learn how participants in the economic world make decisions, and they will analyse how these decisions impact sustainability.
Ākonga will learn that decision-making is necessitated by scarcity and that decisions are informed by a variety of cultural perspectives and lenses. Learning and assessment will examine Māori, Pacific, and different approaches to commerce, and business models from whānau and organisation contexts.
Students will learn to work in groups collaboratively while adopting qualities of taking initiative, becoming resilient and perseverant with a ‘can do’ attitude, and gaining skills in problem-solving, communicating, time management, team building, leadership, and decision-making, which lead to lifelong experiences.
There are two internal achievement standards and one external standard. Each is worth 5 credits.
Course Overview
Term 1
Course Outline
AS 92028 (1.1) Internal = 5 credits
Demonstrate understanding of an organisation’s financial decision making
Term 2
AS 92029 (1.2) Internal =5 credits
Demonstrate understanding of price determination for an organisation
AS 92030 (1.3) External = 5 credits
Demonstrate understanding of how interdependent financial relationships are affected by an event
Term 3
AS 92031 (1.4) External = 5 credits
Demonstrate understanding of how an organisation's financial viability is affected by an event
Term 4
NCEA Exam- 10 credits are externally assessed ( AS 1.3 and 1.4)
10 credits are internally assessed (AS 1.1 and 1.2)
A total of 20 credits are offered in Year 11 Commerce
Recommended Prior Learning
It is recommended, but not a requirement, that students have taken Year 10 Business Studies. Students can easily do Level 1 Commerce in 2025.
Contributions and Equipment/Stationery
1. Must have a fully charged laptop in every commerce lesson.
2. A 2B8 exercise book for notes and constructing models.
3. Highlighters, a calculator and a ruler.
4. Prepared to do homework as when the teacher asks.
5. Do indepth reading of current news, business news and make critical analyses.
6. Able to collaborate and work in business team.
Pathway
Career pathways.
A background in commerce is useful for any person wishing to enter the world of commerce in such areas as business management, risk management, venture capitalists, banking, tourism, marketing, insurance, information technology, resource management, finance, consultancy, advisory, and self-employment in later life.
Commerce is a foundational subject that prepares ākonga for further specialised secondary school study. At NCEA Levels 2 and 3, Commerce branches into Accounting, Agribusiness, Business Studies, and Economics. Studying Commerce will provide ākonga with a broad financial knowledge base to draw from in a variety of roles and organisations in the future.
Understanding financial viability and decision-making processes are essential for operating small businesses. This is equally true of both the continued operations of established businesses and the founding of new ventures. Beyond the operation of businesses, ākonga will have opportunities to develop deeper connections with personal financial capability, and a greater understanding of the financial concepts they encounter in their daily lives.
Exploring the role of pūtake in business operations will have ākonga weigh financial information against social and cultural factors. This experience with complex problem solving can be applied in fields such as governance, community organisation, and project management.
Assessment Information
The following documents are all available on the NZQA Commerce subject resource web page. Use the following link, Commerce Subject Resources.Note scroll down the page to view the resources for externally assessed standards.
Assessment Specifications – these are published in March of every year and they detail any specific details about that year’s external examination.
The following documents can all be accessed using the NZQA Economics subject resource web page. Use the following link, Economics Subject Resources.
Moderator’s Newsletters – twice a year the national moderator in Commerce publishes a newsletter that details specific information on current internal assessment issues.
Clarifications – this gives further advice to teachers around some of the standard’s intended content and the different levels of achievement. Use the Clarifications link.
Exemplars of student work – gives annotated exemplars of student evidence, with a commentary, to explain key aspects of the standard. It assists teachers to make assessment judgements at the grade boundaries.
TKI Resources & Conditions of Assessment – these are examples of internal assessments that are designed to be used in class after adapting them specifically for your school.
NZQA has prepared a document set the rules for further assessment opportunities that a school can offer. This document can be read using the following link Further assessment opportunities.
Past Exam Papers –past NZQA examination papers along with assessment schedules (answers).
Examiner’s Reports – every year the examiner writes a report about the previous year’s examination. These are available in March/April of the year following the examination. These are known as assessment reports on the NZQA website.
Credit Information
You will be assessed in this course through all or a selection of the standards listed below.
This course is eligible for subject endorsement.
External
NZQA Info
Commerce 1.1 - Demonstrate understanding of an organisation's financial decision-making
NZQA Info
Commerce 1.2 - Demonstrate understanding of price determination for an organisation
NZQA Info
Commerce 1.3 - Demonstrate understanding of how interdependent financial relationships are affected by an event
NZQA Info
Commerce 1.4 - Demonstrate understanding of the financial viability of an organisation
Disclaimer
Rosmini College's timetable is student-driven and a new timetable is generated each year based on student subject selection. Unfortunately, while we do our best to avoid them, timetabling clashes may still occur and a few students may be required to choose an alternative subject option.
The 2025 timetable, including the number of classes in each subject and staffing allocations, is created based on student selections made in 2024. Because of this, changing subjects at the beginning of 2025 may not be possible. Please, make your subject choices carefully.
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