Economics

 

Year 10 Enterprise Studies    (10EST)

The course covers the following topics:

  • Understanding the characteristics and importance of entrepreneurship and innovation
  • Experiencing business in a real context – Market Day
  • Demonstrating an understanding of  money management and personal financial documents
  • Demonstrating an understanding of basic economic concepts

Assessment is through written tests, a Market Day, assignments – business plan, in-class assessments and an end-of-year examination.

Students study two topics (standards) that count for 6 credits towards Level 1 NCEA.

Internal Standards (Assignments)

  • US24705  Interpret and verify accuracy of personal financial documents  (2 credits)
  • AS90987  Demonstrate understanding of a government choice where affected groups have different viewpoints  (4 credits)

 

Year 11 Economics    (11ECO)

The course concentrates on:

  • Consumers decisions
  • Producers decisions
  • Market and non-market allocation of goods and services

Students study five topics (standards) that count for 20 credits towards Level 1 NCEA.

Internal Standards (Assignments)

  • AS 90984 (1.2)  Demonstrate understanding of decisions a producer makes about production  (5 credits)
  • AS 90988 (1.6)  Demonstrate understanding of the interdependence of sectors of the New Zealand economy  (3 credits)

External Standards (Exams)

  • AS 90983 (1.1)  Demonstrate understanding of consumer choices using scarcity and/or demand  (4 credits)
  • AS 90985 (1.3)  Demonstrate understanding of producer choices using supply  (3 credits)
  • AS 90986 (1.4)  Demonstrate understanding of how consumer, producer and/or government choices affect society, using market equilibrium  (5 credits)

 

Year 12 Economics    (12ECO)

The focus is on four major economic issues:

  • Growth 
  • Trade 
  • Inflation
  • Employment

Students study five topics (standards) that count for 22 credits towards Level 2 NCEA.

Internal Standards (Assignments)

  • 2.4  Analyse unemployment using economic concepts and models  (4 credits)
  • 2.6  Analyse how government policy and contemporary economic issues interact  (6 credits)

External Standards (Exams)

  • 2.1  Analyse inflation using economic concepts and models  (4 credits)
  • 2.2  Analyse international trade using economic concepts and models  (4 credits)
  • 2.3  Analyse economic growth using economic concepts and models  (4 credits)

 

Year 13 Economics    (13ECO)

The course concentrates on:

  • Economic Problems
  • Operation of the Market System and Resource Allocation
  • Perfect and Imperfect Competition
  • Distribution of Income
  • Resource Allocation via the Public Sector
  • Aggregate Economy

Students study five topics (standards) that count for 24 credits towards Level 3 NCEA.  

Internal Standards (Assignments)

  • AS 91401  Demonstrate understanding of micro-economic concepts  (5 credits)
  • AS 91402  Demonstrate understanding of government interventions to correct market failures  (5 credits)

External Standards (Exams)

  • AS 91399  Demonstrate understanding of the efficiency of market equilibrium  (4 credits)
  • AS 91400  Demonstrate understanding of the efficiency of different market structures using marginal analysis  (4 credits)
  • AS 91403  Demonstrate understanding of macro-economic influences on the New Zealand economy  (6 credits)
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