11 Economics 1

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 included along with an introduction into the influences on production and growth for the whole economy. 

This course also prepare students for the current Level 2 and onto Level 3 Economics courses.