We will be tackling financial literacy looking at profit/loss, selling price, cost price, using the product code method to calculate profit, using the secret code cost method to determine cost of sales and profit, using a mark-up % to calculate cost of sales and profit and recording transactions ...

We will be tackling financial literacy by looking at profit/loss, selling price, cost price, using the product code method to calculate profit, using the secret code cost method to determine the cost of sales and profit, using a mark-up % to calculate the cost of sales and profit and recording tr...

We will discover what economic systems are and look at two different types of economic systems; the planned economy and the market economy.

We focus on a mixed economy and the global economy and the advantages and disadvantages of using them.

Economic processes exist to satisfy the wants of people. This lesson takes a closer look at the processes of production, exchange, and consumption and the flow of goods and services, money, and the factors of production.

By the end of this lesson, you will be able to identify the participants in the circular flow of a closed economy and gain an understanding of each participant in an economy and the roles they play.

A trading business sells merchandise and or product that you can physically touch. Trading businesses receive payment from their customers for goods that they buy. This lesson will look at the cycle of a trading business.

This lesson will look at the calculations of the cost of sales and markup.

This lesson looks at how to enter transactions into ledger accounts using an example.

This lesson recalls how to enter transactions into ledger accounts using Bailey's stores' transactions.