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 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.