The 2012 JSE/Libeerty Investment Challengeprovides investment education with the aim of building a society of money and investment savvy, financially free youth. The Challenge runs from March to September. Overall winners will be honoured at an awards ceremony in October.
National Curriculum and Assessment Policy Statement (CAPS)
The information that follows is taken from the Economic Management and Sciences section of CAPS.
General aims of the South African Curriculum
The National Curriculum Statement Grades R - 12 gives expression to what is regarded to be knowledge, skills and values worth learning. It will ensure that learners acquire and apply knowledge and skills in ways that are meaningful to their own lives. In this regard, the curriculum promotes the idea of grounding knowledge in local contexts, while being sensitive to global imperatives.
Economic Management and Sciences, effective January, 2011
The subject Economic and Management Sciences deals with the efficient and effective use of different types of private, public or collective resources to satisfy people’s needs and wants, while reflecting critically on the impact of resource exploitation on the environment and on people. It also deals with the effective management of scarce resources in order to maximise profit.
Weighting of the Curriculum and Economic and Management Sciences Topics
- The economy (weighting of 30%)
- History of money
- Need and wants
- Goods and services
- The production process
- The National Budget
- Standard of living
- Economic systems
- The circular flow
- Price theory
- Trade unions
- Financial literacy (weighting of 43%)
- Income and expenditure
- Accounting concepts
- Accounting cycle
- Source documents
- Financial management and keeping of records
- Entrepreneurship (weighting of 27%)
- Entrepreneurial skills and knowledge
- Factors of production
- Forms of ownership
- Sectors of economy
- Levels and functions of management
- Functions of a business
- Business plan
Content by Grade Level
- Grade 7
- The Economy - History of money; needs and wants; goods and services; poverty; and the production process
- Financial Literacy - Savings; budgets, income and expenses; and accounting concepts
- Entrepreneurship - The entrepreneur, starting a business; businesses; and an Entrepreneur’s Day
- Grade 8
- The Economy - Government; the National Budget; standard of living; and markets
- Financial Literacy - Accounting concepts; accounting cycle; source documents; Cash Receipts Journal and Cash Payments Journal of a sole trader; effects of cash transactions on the accounting equation; General Ledger and trial balance
- Entrepreneurship - Factors of production; forms of ownership; levels of management; and functions of management
- Grade 9
- The Economy - Economic systems; the circular flow; price theory; and trade unions
- Financial Literacy - Cash Receipts Journal and Cash Payment Journals of a sole trader; posting to the General Ledger; preparing a Trial Balance; recording transactions in the Debtors Journal, Debtors Allowance Journal, Creditors Journal and Creditors Allowance Journal; posting to the Debtors Ledger and Creditors Ledger
- Entrepreneurship - Sectors of the economy; functions of a business; and a business plan
This report goes on to detail teaching plans by grade and by term.
Click here for a report that includes Focus, Learning Outcomes and Assessment Standards by grade and by topic for grades R through 9.
- Absa Money Museum
The Absa Museum is home to the world’s largest collection of money used in South Africa, from when Europeans first landed on our shores to modern times and more sophisticated bank notes. The Absa Museum is the only banking and money museum in South Africa and narrates a fascinating history of how economic, political and social change can dramatically affect a currency.
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