13ECO

13 Economics

Course Description

Teacher in Charge: Mr M. Tasneem

This course is to enable students to gain a level of economic literacy which will enable them to develop a continuing interest in current economic issues in New Zealand and the world. The many and varied influences on the New Zealand economy, their outcomes and successes are discussed as New Zealand competes to establish its place in the global economy.

Content involves:

  • The allocation of resources within the market system through pricing and profit strategies that firms use, how supply and demand curves are derived, elasticities derived from supply and demand schedules
  • How markets in New Zealand respond to change. The effects of the government on markets and how they try to achieve economic efficiency
  • How markets fail: strategies that the government puts into place to compensate for market failure, subsidies, taxes, public goods, inequity of income distribution
  • Aggregate economic activity and policy: how the economy works as a whole and what the major influences on it are, the effects of government policies on issues like unemployment, inflation and trade. Concepts covered include: monetary and fiscal policies, balance of payments, business cycle
  • Discussion on a wide range of issues that are affecting the New Zealand economy at present, the effects on society, how society deals with the issues and the major influences of government on the economy

Future Areas of interest and study: BCom, BA University degrees. Careers in commerce, marketing, business administration, banking, research, town planning, policy making, teaching, financial services.


Course Costs and Equipment/ Stationery requirements

We strongly recommend the purchase of an Economics workbook as a learning enhancement for around $20.

Credit Information

This course is eligible for subject endorsement.

This course is approved for University Entrance.

Total Credits Available: 20 credits.
Externally Assessed Credits: 10 credits.
Internally Assessed Credits: 10 credits.

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: Y
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: Y
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: Y
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: Y
University Entrance Literacy Credits: 6r,6w *
Numeracy Credits: 0
Credit Summary
Total Credits: 20
Total Level 1 Literacy Credits: 20
Total University Entrance Literacy Credits: 20
TotalNumeracy 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.

Useful Links

Disclaimer

We aim to enable every student to have the course that they prefer, however, some courses have limited places or pre-requisits that may restrict the student's choice.

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