TOPICS

TERM 1

THE ECONOMY
Traditional Society
 Bartering
Promissory notes
The History of coins and paper money
Electronic Banking
The role of money

Topic2: Needs and wants
Needs and Wants 
Types of need and wants
Primary and Secondary needs

Goods and services
Producers and consumers
The role of households as producers and consumers

Formal and informal business
Advantages / disadvantages
The role of formal and informal businesses

 TERM 2
FINANCIAL LITERACY

Topic 5: Accounting concepts
- Capital, assets and liabilities
- Income and expenses
- Profits and losses
- Banking, savings and budgets

Topic 6: Income and expenses
- Personal income and expenses
- Personal statements of net worth
- Business income and expenses
- Savings and investments

Topic 7: Budgets
- Definition of a budget income and expenditure
- Personal / Business budget
- Savings

TERM 3
Topic 1: Entrepreneurship
What is entrepreneur?
Characteristics of an Entrepreneur
The Entrepreneurial action of producing
The Entrepreneurial actions of buying and selling

 Topic 2: Starting a business
Needs and wants of consumers
SWOT analysis and business goals
Advertising
Using recycled materials
Budgeting for entrepreneur’s day and calculating costs

Topic 3: Entrepreneur’s Day
Preparing Entrepreneur’s Day
Formal assessment Task 5: Project
The Income and Expenditure statement

Topic 4: Poverty and Inequality
Inequality and poverty in South Africa
Causes of Socio-economic imbalances
The need for education and skills
Urban and rural challenges
Programmes addressing inequality and poverty
Creating sustainable


 TERM 4

Topic 1: The production process
Production, inputs and outputs
The sustainable use of resources
Economic growth
Productivity
The effect of productivity on economic growth
Technology in production, productivity and economic growth

Topic 2: Savings
Personal savings
The history of banks
Banking services
Opening a savings account
Community saving schemes


Financial organisations and institutions promoting entrepreneurship



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