3ECO

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.                                               

       


    

           


                                               

       


    

Career Pathways

Credit Information

You will be assessed in this course through all or a selection of the standards listed below.

Total Credits Available: 14
Internal Assessed Credits: 10
External Assessed Credits: 4
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: 0
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: 0
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: 0
University Entrance Literacy Credits: 5r *
Numeracy Credits: 0
Credit Summary
Total Credits: 14
Total Level 1 Literacy Credits: 0
Total University Entrance Literacy Credits: 14
Total Numeracy Credits: 0

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.