Economic and Management Sciences (EMS)

Economic and Management Sciences (EMS) 2019-05-27T14:05:06+02:00

Tradition | Excellence | Opportunity
Founded in 1856.

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Staff

Subject Head
Hannes Roelofse: BCom Ed (UPE)
Click here to email Hannes Roelofse.

Allan Miles: BSocSci (Rhodes), PGCE (UNISA)
Click here to email Allan Miles.

Corbyn Dolley
Click here to email Corbyn Dolley.

Marzane Meyer: BEd (NMMU), BEd HON (NMMU)
Click here to email Marzane Meyer.

Tabita Dlali: BEd (CPUT)
Click here to email Tabita Dlali.

Zaine Marx
Click here to email Zaine Marx.

Overview

Students study private, public or collective use of resources in satisfying needs and wants, with the impact of exploiting resources. Learning objectives focus on the economic cycle, sustainable growth and development, and managerial, consumer, financial and entrepreneurial knowledge and skills.

Economic Management Sciences is offered to Grade 8 and 9 students (GET phase). This subject is a combination of other subjects, namely: Business Economics/Studies; Accounting; Economics and Entrepreneurship.

Brief Policy

Economic and Management Sciences aims to:

  • Develop entrepreneurial opportunities
  • Explore education and career opportunities
  • Identify and solve problems and make decisions using critical and creative thinking.
  • Work effectively with others as members of a team, group organisation and community
  • Collect, analyse, organise and critically evaluate information
  • Participate as responsible citizens in the life of local, national and global communities the student’s knowledge, skills, values, attitudes and ability to make meaningful and informed personal and collaborative financial decisions in economic and social environments.
  • Develop critical, logical, and analytical abilities and thought processes to enable them to apply these skills to current and new situations.
  • Develop the necessary characteristics including ethics, sound judgment, thoroughness and orderliness

Homework

Homework will be set as often as possible, every day if necessary. CTA’S provided by the Education Department should also be worked through as part of revision.

Grade 8 Information

Curriculum

  • The historical development of money
  • Imports, Exports and the foreign sector
  • Banking in South Africa
  • Economic systems
  • Inflation
  • Composition of a market
  • Factors of production
  • The South African Economy and Trade Unions
  • Principles of supply and demand
  • The Reconstruction and Development Programme
  • The National Budget
  • Technology and Productivity
  • Entrepreneurship
  • Incentives schemes and financing for small businesses
  • Idea generation
  • The SWOT analysis
  • The Business Plan
  • Marketing and advertising
  • Purchasing, Production and Financing
  • Engaging in business activities
  • Small, medium and micro enterprises

Tests and Forms of Assessment

Term 1  2 Standardised class tests; 2 Case studies; Banking Poster
Term 2  1 Standardised class test; June Examination; 1 case study
Term 3  Inflation Project; 1 Case study; 2 Standardised tests
Term 4  Market day evaluation and Business Plan; November Examination

Examinations

Examinations are written in June (set internally) and in November (set internally) covering all the work done during the year.

Textbooks

EMS 8 & 9 Mind Action Series – K. Checkley, A. Slabber and R. Castle

Grade 9 Information

Curriculum

  • Net worth and Business Terminology
  • Establishing a business
  • Recording basic cash transactions of a service undertaking
  • Recording basic cash transactions of a trading undertaking
  • Credit sales and receipts from customers
  • Credit purchases and payments to suppliers
  • Financial Statements and interpretation of financial information
  • Savings, Investments and Borrowed money
  • Human resources

Tests and Forms of Assessment

Term 1 2 Standardised class tests; 2 case studies; Task : National budget
Term 2 1 Standardised class test; June Examination; Trade Union Brochure; 1 Case study
Term 3 Inflation Project; 1 case study; Task, 2 Standardised class tests
Term 4 Accounting Examination; CTA A & B

Examinations

Examinations are written in June (set internally) and in October an Accounting examination (set internally) is written to help pupils decide whether they should take accounting in grade 10. In November the pupils write CTA’s (Common Task Assessment) section is done during the 4th term while section B is done during the November examinations (both set externally and marked internally)

Textbooks

EMS 8 & 9 Mind Action Series – K. Checkley, A. Slabber and R. Castle

Grade 10 Information

Curriculum

  • The historical development of money
  • Imports, Exports and the foreign sector
  • Banking in South Africa
  • Economic systems
  • Inflation
  • Composition of a market
  • Factors of production
  • The South African Economy and Trade Unions
  • Principles of supply and demand
  • The Reconstruction and Development Programme
  • The National Budget
  • Technology and Productivity
  • Entrepreneurship
  • Incentives schemes and financing for small businesses
  • Idea generation
  • The SWOT analysis
  • The Business Plan
  • Marketing and advertising
  • Purchasing, Production and Financing
  • Engaging in business activities
  • Small, medium and micro enterprises

Tests and Forms of Assessment

Term 1    2 Standardised class tests; 2 Case studies; Banking Poster
Term 2    1 Standardised class test; June Examination; 1 case study
Term 3    Inflation Project; 1 Case study; 2 Standardised tests
Term 4    Market day evaluation and Business Plan; November Examination

Examinations

Examinations are written in June (set internally) and in November (set internally) covering all the work done during the year.

Textbooks

EMS 8 & 9 Mind Action Series – K. Checkley, A. Slabber and R. Castle

Grade 11 Information

Curriculum

  • Define and explain accounting concepts for partnerships and non-profit organizations
  • Within the context of the accounting cycle, record the unique information of a partnership and a club
  • Anayse and show the effects of transactions on the accounting equation o partnerships and clubs
  • Prepare a bank reconciliation statement
  • Prepare and interpret final accounts and financial statements of a partnership and a club
  • Prepare elementary VAT calculations
  • Apply costing principles and cost behaviour in a manufacturing environment
  • Prepare and present, a cash budget for a sole trader
  • Calculate and record depreciation, the acquisition and disposal of assets
  • Record transactions in the subsidiary journals and ledgers utilizing the periodic inventory system, and compare it with the perpetual inventory system
  • Identify and analyse ethical behaviour applicable to the financial environment with reference to accountability and transparency
  • Demonstrate knowledge of internal audit process

Tests and Forms of Assessment

Term 1    2 standardised class tests; 1 presentation task
Term 2    1 standardised class test; 1 June Examination; 1 project
Term 3    2 standardised class tests; 1 task
Term 4    1 November Examination

Examinations

Examinations are written in June (internal) and November (set externally marked internally)

Textbooks

A Logical Approach, Grade 11
A workbook for this textbook is available from Pickwick Books

Grade 12 Information

Curriculum

  • Define and explain accounting concepts for manufacturing enterprises, close corporations and companies
  • Within the context of the accounting cycle, record the unique information for a company and close corporation
  • Analyse and interpret the influence of transactions on the accounting equation of close corporations and companies
  • Analyse and interpret bank, debtors and creditors reconciliations
  • Prepare final accounts and financial statements, analyse and interpret the financial statements of a close corporation and a company
  • Analyse published financial statements and audit reports of companies
  • Apply the principles of VAT in different situations
  • Prepare, present, analyse and report on cost information for a manufacturing enterprise by compiling a production cost statement
  • Analyse and interpret projected income statements and a cash budget for sole traders
  • Interpret and report on asset disposal
  • Validate and calculate inventories with specific references to the different inventory valuation methods
  • Discuss disciplinary and punitive measures to be applied for non-compliance to the code of ethics and the role of professional bodies
  • Apply internal control and internal audit process in a business environment

Tests and Forms of Assessment

Term 1    2 Standardised class tests; 1 presentation task
Term 2    1 Standardised class test; 1 June Examination; 1 project
Term 3    2 Standardised class tests; 1 task
Term 4    1 November Examination

Examinations

Examinations are written in June (internal), September (set externally but marked internally) and November (set and marked externally)

Textbooks

New Era, Grade 12
Workbooks for each of these textbooks are available from Pickwick Books