Grade 9 EMS
4 Seasons
Grade 9 EMS is an educational course designed to introduce students to fundamental concepts in economics and business. This academic subject serves as a foundation for understanding the economic world around us, equipping students with essential knowledge and skills to make informed decisions as future participants in the economy.
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04:31Episode 1
Financial Literacy Part 1
Episode 1
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 ...
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04:59Episode 2
Financial Literacy Part 2
Episode 2
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...
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07:55Episode 3
Economic Systems
Episode 3
We will discover what economic systems are and look at two different types of economic systems; the planned economy and the market economy.
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Economic Systems - The mixed economy & Global economy
Episode 4
We focus on a mixed economy and the global economy and the advantages and disadvantages of using them.
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The economic processes of a closed economy
Episode 5
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.
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06:39Episode 6
The Circular Flow
Episode 6
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.
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05:45Episode 7
Introduction to a trading business
Episode 7
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.
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05:53Episode 8
Cost of Sales and Sales
Episode 8
This lesson will look at the calculations of the cost of sales and markup.
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CRJ of a trading business, general ledger and the effect on accounting equation
Episode 9
This lesson looks at how to enter transactions into ledger accounts using an example.
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CPJ of a trading business (Scaffolded exercise)
Episode 10
This lesson recalls how to enter transactions into ledger accounts using Bailey's stores' transactions.