• financial management, accounting as a tool for management of a business, and record keeping
• the influence of demand and supply, and pricing • the flow of money, goods and services between households, business and government, and the rights and responsibilities of the different roles players in the economy
• the way in which to achieve sustainable growth, reduce poverty and dispute wealth fairly, while still pursuing profitability
• entrepreneurial skills and knowledge needed to manage self and the environmental effectively
• basic aspects of leadership and management • the role of savings in sustainable economic growth and development • trade unions and their influence in the economy • the importance of using resources sustainably, effectively and efficiently • functioning of both formal and informal businesses.
Source: Curriculum and Assessment Policy Statement, Economic and Management Sciences Grades7–9, 2011
Instructional time allocation The instructional time in the Senior Phase is as follows:
Subject Home Language
First Additional Language Mathematics
Natural Sciences Social Sciences Technology
Economic and Management Sciences Life Orientation Creative Arts Total
Teaching hours per week 5 4
4,5 3 3 2 2 2 2
27,5 This table shows that the teaching time for EMS is two hours per week.
Total per term 50 40 45 30 30 20 20 20 20
275
Section A: Introduction
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