13ECO

NCEA Level 3 Economics

Course Description

Teacher in Charge: A. Mitchell

Level 3 Economics involves the study of both micro and macro-economics. Students gain skills to analyse markets in detail to explain their efficiency. They will also understand that markets may not always provide an efficient and equitable (fair) outcome so the government may need to intervene. Students will learn to evaluate the options available to the government and justify which is the best solution. Macroeconomics at this level allows students to use key economic indicators to understand the current state of the economy and predict the outcome of internal or external influences. This course prepares students for first year tertiary study in commerce, business, agribusiness and many other degrees. It also prepares students to take an active role in politics, business and many other real world situations.

Content/Skills:

  • Micro-economic concepts and market equilibrium;
  • The efficiency of different markets using marginal analysis;
  • Government interventions to correct market failures; and
  • Macro-economic influences on the NZ economy.


This course is a University Entrance approved subject.


 NZ Economics Competition - Auckland University.


Contributions and Equipment/Stationery

Voluntary course contribution: Student workbook $40

Credit Information

Total Credits Available: 22 credits.
Externally Assessed Credits: 8 credits.
Internally Assessed Credits: 14 credits.

Assessment
Description
Level
Internal or
External
Credits
L1 Literacy Credits
UE Literacy Credits
Numeracy Credits
A.S. 91228 v2
NZQA Info
Economics 2.7 - Analyse a contemporary economic issue of special interest using economic concepts and models
Level: 2
Internal or External: Internal
Credits: 4
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 4r
Numeracy Credits: 0
A.S. 91227 v2
NZQA Info
Economics 2.6 - Analyse how government policies and contemporary economic issues interact
6
6
6
Level: 2
Internal or External: Internal
Credits: 6
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 6r
Numeracy Credits: 0
A.S. 91225 v2
NZQA Info
Economics 2.4 - Analyse unemployment using economic concepts and models
Level: 2
Internal or External: Internal
Credits: 4
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 0
Numeracy Credits: 0
A.S. 91224 v2
NZQA Info
Economics 2.3 - Analyse economic growth using economic concepts and models
Level: 2
Internal or External: External
Credits: 4
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 4w
Numeracy Credits: 0
A.S. 91222 v2
NZQA Info
Economics 2.1 - Analyse inflation using economic concepts and models
Level: 2
Internal or External: External
Credits: 4
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 4w
Numeracy Credits: 0
Credit Summary
Total Credits: 22
Total Level 1 Literacy Credits: 22
Total University Entrance Literacy Credits: 18
TotalNumeracy Credits: 0

Disclaimer

For NCEA Levels 1, 2 & 3 courses will be made up of a selection of the stated standards. This will happen at the beginning of the year with the assigned teacher.