13ECO

NCEA Level 3 Economics

Course Description

Teacher in Charge: Mr T. Tinworth.


Economics at this level provides very good preparation for study at university and also provides an interesting overview of the economic issues facing a modern economy. The course would provide a good background for students studying not just economics at university but also areas as diverse as law, environmental science, politics, and other areas of business and commerce.
The course is divided into four main areas of study and a selection will be made from:
• Microeconomic concepts: This is an overview of the concepts related to consumer demand and to producer supply.
• Markets and efficiency of different market structures: This is how firms are organised to use scarce resources to provide us with the goods and services we consume. Some forms of market structures are more desirable than others.
• Market failure: This explores ways in which the government needs to intervene into some markets in order to correct issues facing modern economies.
• Aggregate economic activity: This looks at the New Zealand economy and the internal and external factors that influence the economic activity within the economy. The impacts on all of us from changes in economic activity are covered in this section of the course.

A student will be withdrawn from a standard if the teacher is not confident that the achievement of the standard is within the reach of the student or there is no evidence of the student attempting the assessment.

Course Overview

Term 1
Micro economic concepts - internal due week 8

Market equilibrium - start week 7

Term 2
Derived grade Market equilibrium

Start Marginal analysis



Marginal analysis derived grade week 9

Term 3
Market failure - internal week 6

Revision

Term 4
Revision

Recommended Prior Learning

11Commerce or/and 12Eco or/and a curiosity about NZ society and the way decisions are made. Keeping up with economic news is expected.

Contributions and Equipment/Stationery

Ring Binder, and A4 Refill (14B8), or 1J5
It is recommended that students purchase an economics workbook at approximately $25.

Credit Information

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

This course is eligible for subject endorsement.

This course is approved for University Entrance.

Total Credits Available: 18
Internal Assessed Credits: 10
External Assessed Credits: 8
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

Assessments:
Term: 4, Week: 6

A.S. 91400 v2
NZQA Info

Economics 3.2 - Demonstrate understanding of the efficiency of different market structures using marginal analysis


Level: 3
Internal or External: External
Credits: 4
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 4r,4w *
Numeracy Credits: 0

Assessments:
Term: 4, Week: 6

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

Assessments:
Term: 1, Week: 5

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

Assessments:
Term: 3, Week: 5

Credit Summary
Total Credits: 18
Total Level 1 Literacy Credits: 0
Total University Entrance Literacy Credits: 18
Total Numeracy Credits: 0

Approved subject for University Entrance

Number of credits that can be used for overall endorsement: 18

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.

Disclaimer

POLICY
It is the policy of Taupo-nui-a-Tia College to have school-wide policies that inform parents and students of the criteria for administering all Assessments for National Qualifications.

Credits listed may change.