Business Studies · Curriculum Map
37 verified official outcomes stored in iLEARN.
Selected official outcome
3.3 · Our Economy · Managing my resources
Evaluate how changes in the supply and demand of goods and services in different markets can affect prices
Common level · Junior Cycle Business Studies current specification
Official strands
- Personal Finance
- Enterprise
- Our Economy
Teacher action
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1.1 · Personal Finance — Review the personal resources available to them to realise their needs and wants and analyse the extent to which realising their needs and wants may impact on individuals and society1.10 · Personal Finance — Discuss and evaluate how globalisation and developments in technology impact on consumer choice and behaviour1.11 · Personal Finance — Interpret a wage slip and calculate personal tax liability arising from employment1.12 · Personal Finance — Prepare and analyse a budget, determine the financial position, recommend appropriate action and present the analysis in tabular and graphic formats1.13 · Personal Finance — Monitor and calculate income and expenditure data, determine the financial position, recommend appropriate action and present the analysis in tabular and graphic formats1.2 · Personal Finance — Identify and classify sources of income and expenditure, compare options available to best manage financial resources, evaluating the risks associated with each option and making informed and responsible judgements1.3 · Personal Finance — Construct a personal financial lifecycle to identify financial needs at different life stages1.4 · Personal Finance — Explain key personal taxes and charges and suggest the occasions when and why they might arise1.5 · Personal Finance — Identify reasons for saving and borrowing money, relate the reasons to determining appropriate sources of finance with respect to their purpose, costs and risks1.6 · Personal Finance — Identify appropriate types of insurance for particular personal needs and consider costs, benefits and risks1.7 · Personal Finance — Distinguish between and appreciate their rights and responsibilities as consumers1.8 · Personal Finance — Compare the services provided by consumer agencies and financial institutions to assist and support customers1.9 · Personal Finance — Debate the ethical and sustainability issues that arise from their consumption of goods and services and evaluate how they can contribute to sustainable development through consumer behaviour2.1 · Enterprise — Identify different types of financial, cultural and social enterprise and appreciate the role each plays in society2.10 · Enterprise — Complete and interpret key business documents that an organisation uses to manage its transactions for accountability purposes2.11 · Enterprise — Assess the importance of planning an organisation’s cash flow, propose suitable sources of finance to manage expenditure and prepare a budget2.12 · Enterprise — Prepare a cash account to monitor income received and payments made by an organisation, evaluate its financial position and recommend a course of action; post figures to relevant ledgers and extract a trial balance2.13 · Enterprise — Prepare final accounts to assess the financial performance of an organisation at the end of a trading period, analyse and evaluate its financial position and recommend a course of action2.2 · Enterprise — Describe the skills and characteristics of being enterprising and appreciate the role of an entrepreneur in an organisation, in society and to the economy2.3 · Enterprise — Differentiate between employment, work and volunteerism, identifying and describing features, benefits, rewards and careers within each2.4 · Enterprise — Distinguish between the rights and responsibilities of employer and employee from a legal, social, environmental and ethical perspective2.5 · Enterprise — Investigate the positive and negative impacts on a community of an organisation from an economic, social and environmental perspective2.6 · Enterprise — Discuss the impact of digital technologies on an organisation, debating the associated rewards and costs2.7 · Enterprise — Conduct market research in order to investigate an entrepreneurial opportunity and analyse, interpret and communicate the research findings using relevant terminology and representations2.8 · Enterprise — Devise and apply a marketing mix in order to promote a new or existing product or service2.9 · Enterprise — Develop a simple business plan for a new or existing product or service3.1 · Our Economy — Explain how scarcity of economic resources results in individuals having to make choices; predict possible consequences of these choices3.10 · Our Economy — Use their knowledge, and information from a range of media sources, to discuss current economic issues and present an informed view3.11 · Our Economy — Evaluate the benefits and costs of a government economic policy and assess who enjoys the benefits and who bears the costs3.2 · Our Economy — Explain how individuals, organisations (for profit and not-for-profit) and the government work together to distribute economic resources used to produce goods and services3.3 · Our Economy — Evaluate how changes in the supply and demand of goods and services in different markets can affect prices3.4 · Our Economy — Differentiate between different sources of government revenue and government expenditure3.5 · Our Economy — Examine the purpose of taxation from a financial, social, legal and ethical perspective3.6 · Our Economy — Explain how economic growth can impact positively and negatively on society and the environment and justify the promotion of sustainable development3.7 · Our Economy — Debate the implications of globalisation of trade, including the benefits and challenges of international trade3.8 · Our Economy — Discuss the economic and social benefits and challenges of Ireland’s membership of the EU3.9 · Our Economy — Explain the relevance of economic indicators such as inflation, employment rates, interest rates, economic growth, national income and national debt for individuals and the economy