13 Economics 1
Course Description
Teacher in Charge: Michelle Farquhar.
Level 3 Economics aims to build on Micro-economic and Macro-economic content developed in Level 1 and 2 Economics. Technical skills necessary for University Economics will be introduced and applied to contemporary issues in the New Zealand economy. This course is structured into three sections; students will examine resource allocation via private sector- determining the success of the market system. Secondly, students will examine market failure and look at resource allocation via public sector. Finally, students will revisit the aggregate economy and look at the effect of government decisions on the economy as a whole.
Prerequisites
At least 12 credits in Level 2 Economics (12EC1 or 12EC2) including at least 4 credits from each of the internal and external standards
OR HoD approval
Contributions and Equipment/Stationery
*13EC1* - Supplementary costs: Approx $40
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.
This course is approved for University Entrance.
External
NZQA Info
Economics 3.1 - Demonstrate understanding of the efficiency of market equilibrium
Assessments:
Term: 2, Week: 2
NZQA Info
Economics 3.3 - Demonstrate understanding of micro-economic concepts
Assessments:
Term: 1, Week: 8
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
NZQA Info
Economics 3.5 - Demonstrate understanding of macro-economic influences on the New Zealand economy
Assessments:
Term: 3, Week: 7
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.
Pathway Tags
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