Length: Semester
Recommended background: Successful completion of Year 10 Business & Economics
Note: The areas of Business and Economics provide students with the opportunity to deepen their understanding of the contemporary business and economic world through one of two specialised pathways: Business Innovation or Economics. Both pathways encourage students to investigate real-world issues, develop analytical and problem-solving skills, and build the confidence to make informed decisions as future consumers, entrepreneurs, employees and leaders. Students engage in authentic, inquiry-based learning that connects classroom concepts to local, national and global contexts. Through collaboration, research, critical thinking and practical application, they examine how businesses and economies respond to change, innovation and emerging challenges. Each pathway develops transferable capabilities including communication, collaboration, creativity, financial literacy and evidence-based decision-making, preparing students for Stage 2 studies, tertiary pathways and future careers. Students select the pathway that best aligns with their interests and future aspirations.
Content:
Stage 1 Business Innovation explores how successful businesses identify opportunities, create value and respond to an ever-changing marketplace. Students investigate entrepreneurial thinking, innovation, business planning, marketing, finance, operations and sustainable business practices. They examine how businesses respond to consumer needs and technological change while considering the ethical, social and environmental impacts of business decisions.
Learning experiences are practical, collaborative and project-based, allowing students to develop innovative solutions to authentic business challenges. Students investigate existing businesses, evaluate business models and apply design thinking processes to develop their own business concepts.
Assessment:
Student performance will be determined according to the subject’s Performance Standards as described in the Subject Outline. Grades A to E will be used for reporting purposes.
School Assessment (100%):