LS7 – LS9 ECONOMIC AND MANAGEMENT SCIENCES

LOWER SECONDARY ECONOMIC AND MANAGEMENT SCIENCES (EMS)

This course offers an introduction to topics like Economics, Enterprise, Business Management, and Business Finance – helping students to make informed decisions about their subject choices for IGCSE.

UNIT TOPICS:

Unit 1: Economics

Unit 2: Enterprise and Business Management

Unit 3: Business Finance

THE ENTREPRENEURSHIP PROJECT:

Task 1: Choosing a suitable project

Task 2: Planning the project

Task 3: Using entrepreneurial skills to implement the plan

Task 4: Evaluating the project

SKILLS:

Students enrolled in the EMS course will:

• Develop entrepreneurial skills by analysing market conditions and understanding the demand and supply of a good or a service.
• Apply their knowledge to their own entrepreneurship project, from planning through to execution, hands-on, by selling a product or service.
• Learn how to classify businesses and understand how they create value.
• Explore various sources of finance for starting or growing a business.
• Understand how to calculate profit with income and expenses.
• Evaluate the overall performance and success of the entrepreneurship project.
• Evaluate the challenges encountered during the entrepreneurship project and recommend ways to overcome them.