Economics

 

The study of Economics provides a logical framework for students to understand the world around them.  Students use Economic models and concepts to unpack and evaluate current issues often exposing unintended consequences.  The methodology is as applicable to personal decision making as it is to government policy.

The logical analysis that Economics teachers provides students with transferable skills that can be utilised in a range of disciplines.

Students study both Micro and Macro Economics in the senior years.

  

Year 11 Economics    (11ECO)

The course concentrates on:

  • Consumers decisions
  • Producers decisions
  • Market and non-market allocation of goods and services
  • Interdependence of the economy
  • Economic History

Assessment activities occur at the end of units and at the end of the year in the form of an exam.

 

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:

  • Market Failure
  • Operation of the Market System and Resource Allocation
  • Market Structures
  • 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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