Level 3 Economics

03ECO
Course Description

Teacher in Charge:

Economists play a key role in decision-making and allocating resources between people, businesses and governments. Their decisions affect everyday life ranging from housing, energy, the environment and transport. You will study the various market structures and how they interact with the rest of the environment to create profit. A well- motivated student can begin this subject at Level 3.

Students will learn about three main areas:

• Markets – supply and demand, scarcity and cost, analysis, market structures and monopolies

• Market failure situations – role of government in the economy

• Influences on the NZ economy – internal and external, aims of government, effects of government policy.



Contributions and Equipment/Stationery

Stationery as per schedule.
There is an opportunity to enter in the Monetary Policy Challenge, enter the New Zealand Economic Competition and visit the Reserve Bank of New Zealand in Wellington.


Recommended Prior Learning

Open entry.


Credit Information

This course is eligible for subject endorsement.

This course is approved for University Entrance.

Assessment
Level
Internal or
External
Credits
L1 Literacy Credits UE Literacy Credits Numeracy Credits
A.S. 91399 v2 Economics 3.1 - Demonstrate understanding of the efficiency of market equilibrium
3
E
4
Y
4r,4w *
A.S. 91400 v2 Economics 3.2 - Demonstrate understanding of the efficiency of different market structures using marginal analysis
3
E
4
Y
4r,4w *
A.S. 91401 v2 Economics 3.3 - Demonstrate understanding of micro-economic concepts
Assessments:
Term: , Week:
3
I
5
Y
5r *
A.S. 91402 v3 Economics 3.4 - Demonstrate understanding of government interventions where the market fails to deliver efficient or equitable outcomes
Assessments:
Term: , Week:
3
I
5
Y
5r *
Total Credits
Approved subject for University Entrance

Number of credits that can be used for overall endorsement: 18

* Only students engaged in learning and achievement derived from Te Marautanga o Aotearoa are eligible to be awarded these subjects as part of the requirement for 14 credits in each of three subjects.

Total Credits Available: 18 credits.
Externally Assessed Credits: 8 credits.
Internally Assessed Credits: 10 credits.

Pathway Tags

Market Researcher, Financial Advisor, Retailing, Sales, Accountant, Banking, Management, Government Departments, Economist, Analyst, Researcher, Marketing Manager, Marketing Executive, Sales Manager, Banker, Market Researcher, Advertising, Sports Marketer, Events Manager, Teacher, Small Business Manager, Financial Analyst, Product Manager, Product Development, Human Resources Advisor, Recruitment Manager, Entrepreneur (in your own business), Journalist, Investment Banking, Retail Buying, Retail Management, Public Relations Officer, Bank Management, Distribution & Logistics Management, Insurance Underwriter, International Market Developer, Property Manager, Property Valuer, Property Developer, Mining Engineer, Accountant, Auditor, Actuary, Finance Manager, Advertising Specialist, Anaesthetic Technician, Retail Manager, Statistician, Baker, Hotel/Motel Manager, Cafe Worker, Property Manager, Butcher, Cafe/Restaurant Manager, Urban/Regional Planner, Kitchenhand, Chef, Elected Government Representative, Event Manager, Quantity Surveyor, Demonstrator, Dietitian, Foreign Policy Officer, Workplace Relations Adviser, Sports Coach/Official, Early Childhood Teacher, Environmental Scientist, Economist, Human Resources Adviser, Energy/Carbon Auditor, Financial Adviser, Health Promoter, Health Services Manager, Mortgage Broker, Nanny/Child Carer, Policy Analyst, Tertiary Lecturer, Real Estate Agent, Secondary School Teacher, Valuer


Related Videos
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