ems case study grade 8 term 3

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Take home Pack Gr 8 EMS T3

The Grade 8 take home pack consists of activities of term 3.

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Economic and Management Sciences (EMS)

Tradition | excellence | opportunity founded in 1856., the grey vision, grey remains as one of the leading schools in the country, with a culture and value system that support its fine heritage. grey is recognised for its competitiveness and excellence in academic, sporting and cultural activities, as well as for its ability to consistently produce leaders..

Subject Head Hannes Roelofse: BCom Ed (UPE) Click here to email Hannes Roelofse.

Allan Miles: BSocSci (Rhodes), PGCE (UNISA) Click here to email Allan Miles.

Corbyn Dolley Click here to email Corbyn Dolley.

Marzane Meyer: BEd (NMMU), BEd HON (NMMU) Click here to email Marzane Meyer.

Tabita Dlali: BEd (CPUT) Click here to email Tabita Dlali.

Zaine Marx Click here to email Zaine Marx.

Students study private, public or collective use of resources in satisfying needs and wants, with the impact of exploiting resources. Learning objectives focus on the economic cycle, sustainable growth and development, and managerial, consumer, financial and entrepreneurial knowledge and skills.

Economic Management Sciences is offered to Grade 8 and 9 students (GET phase). This subject is a combination of other subjects, namely: Business Economics/Studies; Accounting; Economics and Entrepreneurship.

Brief Policy

Economic and Management Sciences aims to:

• Develop entrepreneurial opportunities
• Explore education and career opportunities
• Identify and solve problems and make decisions using critical and creative thinking.
• Work effectively with others as members of a team, group organisation and community
• Collect, analyse, organise and critically evaluate information
• Participate as responsible citizens in the life of local, national and global communities the student’s knowledge, skills, values, attitudes and ability to make meaningful and informed personal and collaborative financial decisions in economic and social environments.
• Develop critical, logical, and analytical abilities and thought processes to enable them to apply these skills to current and new situations.
• Develop the necessary characteristics including ethics, sound judgment, thoroughness and orderliness

Homework will be set as often as possible, every day if necessary. CTA’S provided by the Education Department should also be worked through as part of revision.

Grade 8 Information

• The historical development of money
• Imports, Exports and the foreign sector
• Banking in South Africa
• Economic systems
• Composition of a market
• Factors of production
• The South African Economy and Trade Unions
• Principles of supply and demand
• The Reconstruction and Development Programme
• The National Budget
• Technology and Productivity
• Entrepreneurship
• Incentives schemes and financing for small businesses
• Idea generation
• The SWOT analysis
• The Business Plan
• Marketing and advertising
• Purchasing, Production and Financing
• Engaging in business activities
• Small, medium and micro enterprises

Tests and Forms of Assessment

Term 1  2 Standardised class tests; 2 Case studies; Banking Poster Term 2  1 Standardised class test; June Examination; 1 case study Term 3  Inflation Project; 1 Case study; 2 Standardised tests Term 4  Market day evaluation and Business Plan; November Examination

Examinations

Examinations are written in June (set internally) and in November (set internally) covering all the work done during the year.

EMS 8 & 9 Mind Action Series – K. Checkley, A. Slabber and R. Castle

Grade 9 Information

• Net worth and Business Terminology
• Establishing a business
• Recording basic cash transactions of a service undertaking
• Recording basic cash transactions of a trading undertaking
• Credit sales and receipts from customers
• Credit purchases and payments to suppliers
• Financial Statements and interpretation of financial information
• Savings, Investments and Borrowed money
• Human resources

Term 1 2 Standardised class tests; 2 case studies; Task : National budget Term 2 1 Standardised class test; June Examination; Trade Union Brochure; 1 Case study Term 3 Inflation Project; 1 case study; Task, 2 Standardised class tests Term 4 Accounting Examination; CTA A & B

Examinations are written in June (set internally) and in October an Accounting examination (set internally) is written to help pupils decide whether they should take accounting in grade 10. In November the pupils write CTA’s (Common Task Assessment) section is done during the 4th term while section B is done during the November examinations (both set externally and marked internally)

Grade 10 Information

Term 1    2 Standardised class tests; 2 Case studies; Banking Poster Term 2    1 Standardised class test; June Examination; 1 case study Term 3    Inflation Project; 1 Case study; 2 Standardised tests Term 4    Market day evaluation and Business Plan; November Examination

Examinations are written in June (set internally) and in November (set internally) covering all the work done during the year.

Grade 11 Information

• Define and explain accounting concepts for partnerships and non-profit organizations
• Within the context of the accounting cycle, record the unique information of a partnership and a club
• Anayse and show the effects of transactions on the accounting equation o partnerships and clubs
• Prepare a bank reconciliation statement
• Prepare and interpret final accounts and financial statements of a partnership and a club
• Prepare elementary VAT calculations
• Apply costing principles and cost behaviour in a manufacturing environment
• Prepare and present, a cash budget for a sole trader
• Calculate and record depreciation, the acquisition and disposal of assets
• Record transactions in the subsidiary journals and ledgers utilizing the periodic inventory system, and compare it with the perpetual inventory system
• Identify and analyse ethical behaviour applicable to the financial environment with reference to accountability and transparency
• Demonstrate knowledge of internal audit process

Term 1    2 standardised class tests; 1 presentation task Term 2    1 standardised class test; 1 June Examination; 1 project Term 3    2 standardised class tests; 1 task Term 4    1 November Examination

Examinations are written in June (internal) and November (set externally marked internally)

A Logical Approach, Grade 11 A workbook for this textbook is available from Pickwick Books

Grade 12 Information

• Define and explain accounting concepts for manufacturing enterprises, close corporations and companies
• Within the context of the accounting cycle, record the unique information for a company and close corporation
• Analyse and interpret the influence of transactions on the accounting equation of close corporations and companies
• Analyse and interpret bank, debtors and creditors reconciliations
• Prepare final accounts and financial statements, analyse and interpret the financial statements of a close corporation and a company
• Analyse published financial statements and audit reports of companies
• Apply the principles of VAT in different situations
• Prepare, present, analyse and report on cost information for a manufacturing enterprise by compiling a production cost statement
• Analyse and interpret projected income statements and a cash budget for sole traders
• Interpret and report on asset disposal
• Validate and calculate inventories with specific references to the different inventory valuation methods
• Discuss disciplinary and punitive measures to be applied for non-compliance to the code of ethics and the role of professional bodies
• Apply internal control and internal audit process in a business environment

Term 1    2 Standardised class tests; 1 presentation task Term 2    1 Standardised class test; 1 June Examination; 1 project Term 3    2 Standardised class tests; 1 task Term 4    1 November Examination

Examinations are written in June (internal), September (set externally but marked internally) and November (set and marked externally)

New Era, Grade 12 Workbooks for each of these textbooks are available from Pickwick Books

COVID-19 EMS Gr 8 Term 3 2021 Case Study

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Economic and Management Sciences Grade 8 Book 1 Grade 8 Role of money Grade 8 History of money Grade 8 Functions of money Grade 8 Forms of money Grade 8 Forms and functions of money Grade 8 Money Grade 8 Key concepts Grade 8 The economic problem Grade 8 Imports and Exports Grade 8 Exports and Imports Grade 8 Banks in South Africa Grade 8 Banking: Investment Grade 8 Banks Grade 8 Unlimited wants and limited resources: scarcity Grade 8 Economic Systems: Communism Grade 8 Economic Systems: Capitalism Grade 8 Economic Systems: Mixed Economy Grade 8 Trade Unions Grade 8 History and Role of Trade Unions Grade 8 Trade Unions in South Africa Grade 8 Trade Unions: rights and responsibilities Grade 8 Inflation Grade 8 Understanding Inflation Grade 8 Measuring Inflation Grade 8 Reasons for Inflation Grade 8 Economic cycle Grade 8 Economic inequalities Grade 8 Concepts on economic growth and development Grade 8 The National budget Grade 8 Characteristics of the National budget Grade 8 The National budget and economic growth Grade 8 The Reconstruction and Development Programme Grade 8 Principles of the Reconstruction and Development Programme Grade 8 Goals of the Reconstruction and Development Programme Grade 8 Stimulating the Economy through the Reconstruction and Development Programme Grade 8 Reconstruction and Development Programme: Housing Grade 8 Savings and Investment Grade 8 Savings plan Grade 8 Saving at a bank Grade 8 Investing in a business Grade 8 Investment and the average household Grade 8 Technology in the household Grade 8 Productivity Grade 8 Productivity and Technology Grade 8 Benefits of Technology Grade 8 Technology, economic growth and development Grade 8 Sustainable growth and Development Grade 8 Accounting concepts Grade 8 Assets and Liabilities Grade 8 Financial concepts Grade 8 The Accounting equation Grade 8 Recording Accounts Grade 8 Assets and Liabilities: Households Grade 8 Leadership and Management styles Grade 8 Leadership strategies Grade 8 Investment Strategies Grade 8 Management concepts Grade 8 Leadership and Management strategies in investment Grade 8 Investments Grade 8 Source documents in a business Grade 8 Source documents Grade 8 Source documents: Invoices Grade 8 Source documents: Receipts Grade 8 Source documents: Deposit slips

Economic and Management Sciences Grade 8 Book 2 Grade 8 Cash Receipts and Cash Payments Journals Grade 8 Statement of Receipts and Payments - Cash Book Grade 8 Accounting Concepts: Cash Receipts and Payments Grade 8 Computers Grade 8 Word: word processing Grade 8 Keyboard functions Grade 8 Computers: Hardware Grade 8 Using Word Grade 8 Using Word: designs Grade 8 Computer skills Grade 8 Computer skills: practical Grade 8 Accounting concepts Grade 8 Networth and wealth Grade 8 Understanding networth Grade 8 Interpreting networth statements Grade 8 Statement of networth: Business Grade 8 Savings and Investments Grade 8 Calculating Interest Grade 8 Forms of Savings Grade 8 Investing in Shares Grade 8 Retirement investments Grade 8 Jobs, careers and planning Grade 8 Structures of organisation (organogram) Grade 8 Category/Levels of work Grade 8 Remuneration Grade 8 Job responsibilities/descriptions Grade 8 Career planning Grade 8 Accounting: practical activity Grade 8 Entrepreneurship Grade 8 Promoting entrepreneurship Grade 8 Formal and Informal sectors Grade 8 Formal and Informal businesses Grade 8 Types of entrepreneurship Grade 8 Entrepreneurship: case studies Grade 8 Entrepreneurship in the Informal sector Grade 8 Entrepreneurship in the Formal sector Grade 8 Commercial banks and entrepreneurship Grade 8 Entrepreneur and government Grade 8 Business activities in the Economic sectors Grade 8 Franchising Grade 8 Successful entrepreneurs Grade 8 Forms of ownership Grade 8 Franchising: How it works Grade 8 Business ideas Grade 8 Service businesses Grade 8 Service Businesses: Tourism industry Grade 8 Tourism industry Grade 8 Informal sectors in developing countries Grade 8 Forms of ownership Grade 8 Informal business sector in South Africa Grade 8 The sole trader Grade 8 Informal businesses in the community Grade 8 Forms of ownership in the Formal sector Grade 8 Forms of ownership in the Formal and Informal sector Grade 8 Characteristics of forms of ownership Grade 8 Start-up and running costs Grade 8 Cost calculations Grade 8 Business ideas in Manufacturing Grade 8 Purchasing materials Grade 8 The production process Grade 8 Marketing Grade 8 Entrepreneural skills and knowledge Grade 8 Economic cycle, sustainable growth and development and financial skills

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2017 EMS Gr 8 Term 3 CASE STUDY

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