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.
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.
External
NZQA Info
Economics 3.1 - Demonstrate understanding of the efficiency of market equilibrium
NZQA Info
Economics 3.3 - Demonstrate understanding of micro-economic concepts
NZQA Info
Economics 3.4 - Demonstrate understanding of government interventions where the market fails to deliver efficient or equitable outcomes
NZQA Info
Economics 3.5 - Demonstrate understanding of macro-economic influences on the New Zealand economy
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.