12EC1

12 Economics 1

Course Description

Teacher in Charge: Michelle Farquhar

Level 2 Economics sees students examine the operation of the New Zealand economy through a Macro-economic perspective. Major issues covered will include Inflation, Trade, Unemployment and Government Policies. Students will learn how to define and measure changes in these issues and to create models to understand relevant causes and possible effects. For each economic issue, students will be asked to examine the effectiveness of possible government actions, including Fiscal and Monetary policy.



Prerequisites

At least 12 credits in Level 1 Economics (11EC1)

OR HoD approval.


 


Contributions and Equipment/Stationery

*12EC1* - Supplementary costs: Approx $40

Pathway

Credit Information

This course is eligible for subject endorsement.

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

Assessment
Description
Level
Internal or
External
Credits
L1 Literacy Credits
UE Literacy Credits
Numeracy Credits
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: 0
Numeracy Credits: 0

Assessments:
Term: 1, Week: 9

A.S. 91223 v2
NZQA Info
Economics 2.2 - Analyse international trade using economic concepts and models
Level: 2
Internal or External: External
Credits: 4
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 0
Numeracy Credits: 0

Assessments:
Term: 2, Week: 10

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: 4r
Numeracy Credits: 0

Assessments:
Term: 2, Week: 4

A.S. 91227 v2
NZQA Info
Economics 2.6 - Analyse how government policies and contemporary economic issues interact
Level: 2
Internal or External: Internal
Credits: 6
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 6r
Numeracy Credits: 0

Assessments:
Term: 3, Week: 6

Credit Summary
Total Credits: 18
Total Level 1 Literacy Credits: 18
Total University Entrance Literacy Credits: 10
Total Numeracy Credits: 0