Glendowie College
11 Economics
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Year 13 (2025) students are required to attend Subject Confirmation on Thursday 23 January to finalise their timetable.
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.
- To develop an understanding of the importance of trade in the global economy.
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.
- Trade, comparative advantage and exchange rates.
Learning and Assessment Area | Description |
Consumer Choices | Demonstrate understanding of consumer choices, using scarcity and/or demand. |
Producer Choices | Demonstrate understanding of producer choices about production, 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. |
Trade | Demonstrate understanding of the importance of trade to the New Zealand economy using an economic model. |
Subject Overview
Term 1
Consumer choice and demand.
Term 2
Producer choice and supply.
Market Equilibrium.
Term 3
Government intervention in markets.
Trade.
Term 4
Trade.
EOY exam preparation.
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
Strategy Manager
Advertising
Banking sector
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
Industry Pricing Specialist
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.
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