11ECO

11 Economics

Subject Description

Teacher in Charge: Ms G. Sawyer.

Objectives

  • To develop an understanding of consumer and producer decision making and behaviour.
  • To develop a broad understanding of market operations and the role of government.
  • Introduction to New Zealand Economic History.

Content

  • Consumer Decision Making.
  • Producer Decision Making.
  • Market and Non-Market Allocation of Goods and Services.
  • Interdependence of sectors of the economy using the Circular Flow of Income Model.
  • New Zealand History from an Economic Perspective.

Learning and Assessment Area

Description

Consumer Choices

Demonstrate understanding of consumer choices, using scarcity and/or demand. 

Producers Decisions

Demonstrate understanding of decisions a producer makes about production. 

Producer Choices

Demonstrate understanding of producer choices, using supply. 

Market and Non-Market Allocation of Goods and Services

Demonstrate understanding of how consumer, producer and government choices affect society, using market equilibrium.

Interdependence and the Circular Flow of Income

Demonstrate understanding of the interdependence of sectors of the New Zealand economy. 

New Zealand History from an Economic Perspective

Demonstrate understanding of a significant New Zealand historical period/event from an economic point of view.


Recommended Prior Learning

 

Subject and Associated Costs

Course Costs: $50.00 Online learning programme (www.elearneconomics.com), Workbook (Economics Learning Workbook - Philip Jellyman).
Associated Costs: $35.00 Potential field trips.

Pathway

Economist
Financial risk analyst
Data analyst
Financial planner
Economic researcher
Financial consultant
Investment analyst
Investment Banker
Entrepreneur
Actuary
Public sector roles
Government Advisor
Journalist - Business and International Relations
Diplomat
Economic Research
General Management
CEO
Trade Adviser