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
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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