3 Economics
Course Description
Teacher in Charge: Mrs S. Nadan.
In this course we will develop an understanding of microeconomic concepts, government intervention to correct market failures and efficiency of market equilibrium, Demand and Supply, government Budget and monetary policy and fiscal policy Students will also learn about Inflation and how it effects the economy. There are two internals in this course and one external. This is University Entrance approved subject with with 14 literacy credits.
Out side school learning takes place when students go on a trip to Wellington to learn about interest rate therefore visiting Reserve bank of New Zealand. Tour also include visiting Te Papa Museum, Weta Caves and other new events that is happening in wellington.
Course Overview
Term 1
91401 internal 5 credits
Demonstrate understanding of micro economics concepts
Term 2
91402 5 credits internal
Demonstrate understanding of government interventions where the market fails to deliver efficient and equitable outcomes
Term 3
91399: 4 credits external
demonstrates understanding of the efficiency of market equilibrium
Term 4
revision of external examination
Recommended Prior Learning
Teacher recommendation/HOD approval.
Credit Information
You will be assessed in this course through all or a selection of the standards listed below.
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
Approved subject for University Entrance
Number of credits that can be used for overall endorsement: 14
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.