Economics

Beginner
Accounting grade 12
Overview
Curriculum

 

Economics is a fascinating subject that offers insights into how societies use resources and make decisions. For Grade 10 learners in South Africa, understanding economics is not just about mastering a subject for school, but also about gaining valuable knowledge that can be applied in everyday life.

The curriculum designed for Grade 10 learners is rich and engaging, covering a variety of topics that are structured according to the National Curriculum and Assessment Policy Statement (CAPS). It includes relevant case studies and examples that help bring the subject to life. With clear illustrations and graphs, the content is made accessible, helping students grasp the core concepts of Economics.

Moreover, the study material is supported by extensive language assistance on terminology used in economics, ensuring that learners understand the vocabulary that is essential for the subject. A wealth of activities and assessment opportunities are provided, which help learners progress with confidence. These resources are scaffolded to ensure a successful academic year.

Curriculum

  • 1 Section
  • 1 Lesson
  • 0 Quizzes
  • 30m Duration
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Wha is Economics?
1 Lesson0 Quizzes
  1. Economics: The Engine of Society

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  • 1. **Accounts Payable (AP)**: Money owed by a business to its suppliers shown as a liability on the company's balance sheet.
    2. **Accounts Receivable (AR)**: Money owed to a business by its customers following the sale of goods or services on credit.
    3. **Assets**: Resources owned by a business that have economic value and can be converted into cash.
    4. **Liabilities**: The company's debts or obligations that arise during the course of business operations.
    5. **Equity**: The value returned to a company’s shareholders if all assets were liquidated and all debts paid off.
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