13EC1

13 Economics 1

Course Description

Teacher in Charge: Mrs M. Farquhar

Students will:

• Reach a level of economic literacy and understanding and to develop a continuing and critical interest in current economic issues, which
will prepare them for study at university level
• Develop an understanding of theory used to explain the decisions made by firms and households
• Develop and understanding of the internal and external factors that affect the New Zealand economy


Contributions and Equipment/Stationery

13EC1 - Supplementary costs: Approx $40

Prerequisites

*12EC1* - At least 12 credits in Level 2 Economics (12EC1) including at least 8 credits from externally assessed standards
*12EC2* -  At least 12 credits in Level 2 Economics (12EC2) including at least 4 credits from externally assessed standards 

OR HoD approval

Credit Information

Total Credits Available: 20 credits.
Externally Assessed Credits: 10 credits.
Internally Assessed Credits: 10 credits.

Assessment
Description
Level
Internal or
External
Credits
L1 Literacy Credits
UE Literacy Credits
Numeracy Credits
A.S. 91403 v2
NZQA Info
Economics 3.5 - Demonstrate understanding of macro-economic influences on the New Zealand economy

Assessments:
Term: 3, Week: 7

Level: 3
Internal or External: External
Credits: 6
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 6r,6w *
Numeracy Credits: 0
A.S. 91402 v3
NZQA Info
Economics 3.4 - Demonstrate understanding of government interventions where the market fails to deliver efficient or equitable outcomes

Assessments:
Term: 2, Week: 8

Level: 3
Internal or External: Internal
Credits: 5
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 5r *
Numeracy Credits: 0
A.S. 91401 v2
NZQA Info
Economics 3.3 - Demonstrate understanding of micro-economic concepts

Assessments:
Term: 1, Week: 8

Level: 3
Internal or External: Internal
Credits: 5
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 5r *
Numeracy Credits: 0
A.S. 91399 v2
NZQA Info
Economics 3.1 - Demonstrate understanding of the efficiency of market equilibrium

Assessments:
Term: 2, Week: 2

Level: 3
Internal or External: External
Credits: 4
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 4r,4w *
Numeracy Credits: 0
Credit Summary
Total Credits: 20
Total Level 1 Literacy Credits: 20
Total University Entrance Literacy Credits: 20
TotalNumeracy Credits: 0

Approved subject for University Entrance

Number of credits that can be used for overall endorsement: 20

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.