HANDBOOK - Wellington Institute of Technology

Topic 4:Business EconomicsLearning Outcome(s):Demonstrate knowledge and application of economic principlesAssessment criteria:4.1 Explain the role of government4.2 Describe the economic way of thinking4.3 Explain supply and demand and price mechanism4.4 Discuss international business in an economic contextTopic 5:Accounting PrinciplesLearning Outcome(s):Demonstrate knowledge and application of accounting principlesAssessment criteria:5.1 Explain the use and purpose of accounting and the practice of accountancy.5.2 Explain the nature and purpose of financial statements5.3 Describe the accounting elements and their relationship to financial statementsTopic 6:Business CommunicationLearning Outcome(s):Demonstrate knowledge and application of communication in a business contextAssessment criteria:6.1 Discuss communication in the context of business6.2 Prepare documentation to the standard required by businessTopic 7:Business LawLearning Outcome(s):Demonstrate knowledge and application of the principles of business lawAssessment criteria:7.1 Describe the legal processes of government and business7.2 Identify the various for a for business dispute resolution7.3 Give an overview of the law of contract7.4 Discuss particular aspects of law relative to business - including: ownership,agency, sale of goods, privacy and business formats.