11EC1

11 Economics 1

Course Description

Teacher in Charge: Michelle Farquhar.

The course aims to develop an understanding of why and how consumers and producers make economic decisions. Students will look at options an organisation has to meet a need, issue or opportunity; make a justified decision; then explain the consequences of this decision on both the organisation and its stakeholders. An understanding of how the market works and the way scarce resources are managed and allocated in the context of the New Zealand economy are also included. Opportunities for real world learning in this course include investigating the decisions McDonalds makes in terms of resources use as well as the interdependence McDonalds has with other sectors in the economy.


Prerequisites

There are no specific prerequisites for this course.

HoF Approval

Contributions and Equipment/Stationery

*11EC1* - Supplementary costs: Approx $40

Pathway

Credit Information

You will be assessed in this course through all or a selection of the standards listed below.

This course is eligible for subject endorsement.

Total Credits Available: 5 credits.
Internally Assessed Credits: 5 credits.

Assessment
Description
Level
Internal or
External
Credits
L1 Literacy Credits
UE Literacy Credits
Numeracy Credits
A.S. 92028 v3
NZQA Info
Commerce 1.1 - Demonstrate understanding of an organisation's financial decision-making
4
4
4
4
Level: 1
Internal or External: Internal
Credits: 5
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: Y
Credit Summary
Total Credits: 5
Total Level 1 Literacy Credits: 0
Total University Entrance Literacy Credits: 0
Total Numeracy Credits: 5