This is the Annual Teaching Plan for Grade 7 Economic and Management Sciences (EMS). The year covers three topics: the economy, financial literacy and entrepreneurship, from the history of money and needs and wants to budgets, starting a business and savings.
The plan is set out week by week for each term, with CAPS topics, core concepts, pre-knowledge, resources and assessment. Formal tasks use cognitive levels of 30% lower order, 50% middle order and 20% higher order.
Download the ATP
What the Economic and Management Sciences Grade 7 ATP covers
Term 1
- Baseline assessment
- History of money
- Bartering, coins and paper money
- Electronic banking
- Needs and wants
- Goods and services
- Inequality and poverty
Formal assessment: Assignment, case study or poster (50 marks) on history of money and needs and wants. March controlled test (50 marks, 60 minutes) on goods and services and inequality and poverty.
Term 2
- Revision of Term 1 work
- Accounting concepts: capital, assets, liabilities
- Income, expenses and profit
- Personal statement of net worth
- Business income and expenses
- Savings and investments
- Personal and business budgets
Formal assessment: Mid-year controlled test (100 marks, 90 minutes): Term 1 work 30%, Term 2 work 70%.
Term 3
- Entrepreneurship: the entrepreneur
- Characteristics and skills of an entrepreneur
- Formal and informal businesses
- SWOT analysis and setting goals
- Advertising, media and AIDA
- Budget for Entrepreneur's Day
- Fixed, variable and cost price
Formal assessment: Project (50 marks) on starting a business and Entrepreneur's Day.
Term 4
- The production process
- Inputs and outputs
- Sustainable use of resources and productivity
- Technology in production
- Personal savings
- Banks and their services
- Opening a savings account
Formal assessment: Year-end examination (100 marks, 90 minutes) on Term 3 and Term 4 work: financial literacy 25, the economy 25, entrepreneurship 50.
Source: Department of Basic Education, 2023/24 Annual Teaching Plans. DBE Circular S19 of 2025 keeps the 2023/24 ATPs in use, with some exclusions, so check with your school or district for any changes.