13ECO

13 Economics

Subject Description

Teacher in Charge: Mrs B. Rothbart.

Objectives

  • To assist students to understand how individual groups and communities make decisions about the use of scarce resources.
  • To enable students to develop a continuing informed interest in contemporary economic issues.

Content

  • Operation of the Market System and Resource Allocation.
  • Market Failure.
  • Distribution of Income.
  • Resource Allocation via the Public Sector.
  • Aggregate Economy.

Subject Overview

Term 1
Economics 3.3 AS 91401 - Credits 5 - Demonstrate understanding of micro-economic concepts - Internal.

Term 2
Economics 3.1 AS 91399 - Credits 4 - Demonstrate understanding of the efficiency of market equilibrium - External.
Economics 3.4 AS 91402 - Credits 5 - Demonstrate understanding of government interventions to correct market failures - Internal.

Term 3
Economics 3.5 AS 91403 - Credits 6 - Demonstrate understanding of macro-economic influences on the New Zealand economy - External.

Term 4
External Examination NZQA.

Recommended Prior Learning

14 credits in NCEA Level 2 Economics or at discretion of the Faculty Leader in consultation with subject teachers.

Subject and Associated Costs

Course Costs: $45.00 Economics workbook (by Dan Rennie, Stuart Douce or Phillip Jellyman), Online learning programme (www.elearningeconomics.com).
Associated Costs: Nil.

Career Pathways

Credit Information

You will be assessed in this course through all or a selection of the standards listed below.

This subject is eligible for subject endorsement.

This subject is approved for University Entrance.

Total Credits Available: 20
Internal Assessed Credits: 10
External Assessed Credits: 10
Assessment
Description
Level
Internal or
External
Credits
L1 Literacy Credits
UE Literacy Credits
Numeracy Credits
A.S. 91399 v2
NZQA Info

Economics 3.1 - Demonstrate understanding of the efficiency of market equilibrium


Level: 3
Internal or External: External
Credits: 4
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 4r,4w *
Numeracy Credits: 0
A.S. 91401 v2
NZQA Info

Economics 3.3 - Demonstrate understanding of micro-economic concepts


Level: 3
Internal or External: Internal
Credits: 5
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 5r *
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


Level: 3
Internal or External: Internal
Credits: 5
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 5r *
Numeracy Credits: 0
A.S. 91403 v2
NZQA Info

Economics 3.5 - Demonstrate understanding of macro-economic influences on the New Zealand economy


Level: 3
Internal or External: External
Credits: 6
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 6r,6w *
Numeracy Credits: 0
Credit Summary
Total Credits: 20
Total Level 1 Literacy Credits: 0
Total University Entrance Literacy Credits: 20
Total Numeracy 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.

Disclaimer

It is important that you complete your option selection by the due date to enable you to have your preferred course of study. Course availability is dependent on numbers and staffing, and course entry will be confirmed at the beginning of the school year.