NCEA Level 1 Economics

11ECO
Course Description

Teacher in Charge: A. Mitchell

Level 1 Economics gives students an understanding of everyday choices consumers, producers and the government need to make because of scarcity.  This helps students to solve issues that they may face in their everyday lives. They will also develop the skills to see economic decisions from different perspectives and recognise the values that are held by the various groups or individuals. Students also develop their financial capability and ability to participate effectively in the real world.

Content/Skills:

  • Consumer choice and demand;
  • Producers and production decisions;
  • Producer choices and supply;
  • Market equilibrium;
  • Government choices; and
  • Interdependence of the sectors of the economy.

This subject leads to an approved University Entrance subject.

There will be a field trip to a local business.


Pathway

NCEA Level 2 Economics

Recommended Prior Learning

Year 10 Money Management is an advantage but not essential.


Credit Information
Assessment
Level
Internal or
External
Credits
L1 Literacy Credits UE Literacy Credits Numeracy Credits
A.S. 90983 v3 Economics 1.1 - Demonstrate understanding of consumer choices, using scarcity and/or demand
1
E
4
Y
A.S. 90984 v3 Economics 1.2 - Demonstrate understanding of decisions a producer makes about production
1
I
5
Y
A.S. 90985 v3 Economics 1.3 - Demonstrate understanding of producer choices using supply
1
E
3
Y
A.S. 90986 v3 Economics 1.4 - Demonstrate understanding of how consumer, producer and/or government choices affect society, using market equilibrium
1
E
5
Y
A.S. 90987 v3 Economics 1.5 - Demonstrate understanding of a government choice where affected groups have different viewpoints
1
I
4
Y
A.S. 90988 v3 Economics 1.6 - Demonstrate understanding of the interdependence of sectors of the New Zealand economy
1
I
3
Y
Total Credits

Total Credits Available: 24 credits.
Externally Assessed Credits: 12 credits.
Internally Assessed Credits: 12 credits.

Pathway Tags

Office Manager, Accounts Officer, Banking, Insurance, Business Consultant, Mortgage Broker, Retail Buyer, Accountant, Auditor, Finance Manager, Financial Adviser, Currency Dealer, Economist, Statistician, Secondary School Teacher, Tertiary Lecturer, Property Manager, Real Estate, Valuer, Business Owner, Business Manager, Advisor, Consultant, Policy Analysis, Business Journalist


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.