11 Economics

This course is designed to develop a broad understanding of how individuals and groups:

• choose to satisfy their wants by the allocation and management of resources in the context of the New Zealand economy
• interact as consumers and producers in the market and the New Zealand economy.

The course of study consists of:

• the role of producers in the economy and the effects on their output decisions (with the possibility of a trip to a factory to observe their production process)
• the role of consumers in the economy and the influences on their demand (consumer choices, using scarcity and/or demand)
• the interaction which occurs between producers and consumers in the markets and the New Zealand economy, including the role of the government
• how a significant cultural or sporting event affects the New Zealand economy
• the effect of current events on the New Zealand economy.
• topical issues affecting NZ as well as the global economy.