Economic Management Science

Economic Management Science

Economic Management Science

Identify personal values and ethics in the workplace 

Reflect upon a value system
Explore the need for ethics in the workplace.
Respect the values of others in the workplace.
Identify areas where value conflicts could occur in a specific context.

Identify and discuss inappropriate behaviours in the workplace

Describe the effects of various types of drugs and the implications of their use for the individual
Describe various inappropriate behaviours
Explain how to respond to and report inappropriate behaviour

Describe and discuss basic issues relating to the nature of business, the stakeholders in a business and business profitability

Describe the reasons for starting or running a business.
Explain the role assets play in carrying out business.
List the sources of money required to establish and run the business.
List the areas of expenditure in a business (where the money goes to).
Describe how profit is generated and how it might be increased.
Describe the benefits to each stakeholder group of making a profit in the business.
Identify and explain the role of the bookkeeping and accounting function of the business.
Identify and explain the role of the human resource function of the business.

Demonstrate an understanding of contracts and their sources

Explain and discuss contracts.
Discuss and compare kinds of contracts and the role of government.
Identify and discuss institutional sources of contracts.

Identify, discuss, describe and compare major economic systems, with emphasis on the South African economy

Identify and discuss major economic systems.
Discuss the role of the individual within the local economic system.
Discuss economic systems with special reference to the South African Economy.

Demonstrate an understanding of the principles of supply and demand, and the concept: production 

Demonstrate an understanding of the principles of supply and demand
Demonstrate an understanding of the factors of production.  
Demonstrate an understanding of the impact of the factors of production on the South African Economy

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