2024 Year 10 Commerce AT3 Exam Paper PDF

Department Social Sciences Course Year 10 Commerce Task Number and Name 10 Commerce AT3 2024 Yearly Examination Date of the Task In examination period Date Notification Published Friday 20th September 2024 (Week 9) Term...

Department Social Sciences Course Year 10 Commerce Task Number and Name 10 Commerce AT3 2024 Yearly Examination Date of the Task In examination period Date Notification Published Friday 20th September 2024 (Week 9) Term 3 Task Weight 40% Time Allowed 1 hour and 30 minutes (plus 5 minutes reading time) Scope of the Task Examination Format Section I: Multiple Choice 20 marks Approx 30 minutes Section II: Short Answers 40 marks Approx 60 minutes Helpful resources: Course Connect Pages 10 Commerce Textbook One past examination paper will be studied in class with the support of your teacher Outcomes being assessed Learning Outcomes: COM5-1: applies consumer, financial, economic, business, legal, political and employment concepts and terminology in a variety of contexts COM5-2: analyses the rights and responsibilities of individuals in a range of consumer, financial, economic, business, legal, political and employment contexts COM5-3: examines the role of law in society COM5-4: analyses key factors affecting decisions COM5-8: explains information using a variety of forms Topics Term 1- The Economic and Business Environment The Nature of the Economy investigate the role of consumers, business, government, financial institutions and the overseas sector in the five sector circular flow model explain the interdependence between different sectors of the economy, for example the role of the government in protecting consumers, the role of the financial sector in facilitating business investment investigate the business cycle and its impact on the economy  The nature of markets within the economy explain the price mechanism and the interaction of demand and supply within a market investigate the concept of a market and the various types of markets, for example retail markets, labour markets, financial markets, stock markets explore customary trading practices of Aboriginal Peoples and Torres Strait Islander Peoples and the nature of participation in historical and contemporary markets, for example trade in rare and valuable goods, changes in technologies and ideas, use of cultural knowledge in enterprising ways examine the reasons for government intervention in the market, for example energy pricing, prevention of environmental degradation, conservation of natural resources Term 2: Law, Society and Political Involvement The role and structure of the legal system investigate the nature of laws and the reasons for laws in society in relation to values, morals and ethics describe the roles and responsibilities of the three levels of government, including the division of powers identify key features of Australia’s court system, including the High Court and its role in interpreting the Australian Constitution describe the role of legal personnel and the role and selection of juries explain how laws are made, including common and statute law investigate the significance of customary law for Aboriginal and Torres Strait Islander Peoples and changes in its recognition over time outline types of law, including public and private, criminal and civil, domestic and international Law reform, political action and decision-making investigate why laws change, how they change and the effect of the changes outline the process by which referendums to change the Australian Constitution are initiated and decided Participation in the democratic process investigate the rights and responsibilities of individuals and groups in the democratic process, including the right to vote explain how and why the separation of powers exists between the Parliament (legislative), Executive and Judiciary Term 3: Our Economy Performance of the Australian economy examine the indicators of, and influences on, the performance of the Australian economy, including – ways of assessing the performance of the Australian economy, eg standard of living, economic growth, income distribution and environmental sustainability – government economic policy tools – macro (monetary policy/fiscal policy) and micro (trade, education, productivity) research the performance of the Australian economy using key indicators, including: – economic growth rates, unemployment trends, inflation rates and sustainability indexes – possible reasons for its performance – a comparison of its performance with one other economy in the Asia region International trade and the Australian economy Students: investigate Australia as a trading nation and its place within the rising economies of Asia and broader global economy, including: – Australia’s major trading partners – Australia’s major exports and imports of goods, services and resources examine changes in Australia’s trade patterns including the reasons for changes, and possible future trends examine changes in Australia’s trade patterns including the reasons for changes, and possible future trends investigate the interdependence of Australia with other global economies analyse the impact of government on Australia’s international trade, including the significance of trade agreements Global influences on the Australian economy Students: investigate the interactions between the international and domestic business cycles, including: – the impact of changes in global markets, eg labour, prices – the impact of changes in the global economy on confidence, interest rates and exchange rates – examine the rise and influence of the global economy, eg trade and financial flows, investing, global market for labour, the international business cycle Current issues investigate a contemporary global issue affecting a local economy in Australia, and analyse the selected issue in relation to causes, impacts on individuals and the economy, and government policy responses, for example: − inflation − the setting of interest rates and the role of the Reserve Bank of Australia