L3ECON

L3 Economics

Subject Description

Teacher in Charge: Mr K. Hansen.

This course is designed to provide students with an understanding of the basis of Economics before embarking on a career or tertiary study. Students’ statistical thinking, investigative and economic decision making skills will be developed. 

Students will analyse the behaviour of firms/ businesses and how these decisions interact with consumer behaviour, market responses to change and macroeconomic activity and government policies and their effect on society.

This course will be assessed to NCEA L3 Economics Achievement Standards. Assessment is a combination of both internally and externally assessed standards. Students will have the opportunity to gain up to 18 NCEA credits at L3.

Required Prior Learning


Entry is subject to gaining 12 credits in L2 Economics or the equivalent in L2 English or Maths or another L2 Social Science course or at the discretion of the HOD. Students do not need to have studied Economics previously to take this course.


Subject Costs

Field trip to Wellington: 3 days (including a weekend day) $490. Workbook plus e-Learning Economics $47.00. Total $537

Subject Credit Information

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

Total Credits Available: 24
Internal Assessed Credits: 10
External Assessed Credits: 14
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. 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
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: 2, Week: 4

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: 10

A.S. 91403 v2
NZQA Info

Economics 3.5 - Demonstrate understanding of macro-economic influences on the New Zealand economy


Level: 3
Internal or External: External
Credits: 6
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 6r,6w *
Numeracy Credits: 0
Credit Summary
Total Credits: 24
Total Level 1 Literacy Credits: 0
Total University Entrance Literacy Credits: 24
Total Numeracy Credits: 0

Approved subject for University Entrance

Number of credits that can be used for overall endorsement: 24

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.