L1 Economics

L1ECON
Course Description

Teacher in Charge: Mr K. Hansen

This course provides an introduction to Economics and business decisions. Students will develop their understanding of how people as individuals and groups make economic choices while developing their statistical thinking, investigative and economic decision-making skills. 

Students investigate aspects of the economic environment such as consumer choices and demand, producer/ business decisions and supply, how choices by different groups affect the market interactions between buyers, sellers and how government choices and decisions affect society.

This course will be assessed to NCEA L1 Economics Achievement Standards. Assessment is a combination of both internally and externally assessed standards. Students will have the opportunity to gain up to 19 NCEA credits at L1.


Pathway

L2 Classical Studies, L2 Economics, L2 Geography, L2 History, L2 Sociology, L2 Tourism

Course Costs

Field trip to a local business: half day $30. Workbook plus e-Learning Economics $47.00. Total $77


Required Prior Learning

Entry is open, but subject to approval by the HOD and dependent on proven performance in Year 10 Social Studies.


Course Credit Information
Assessment
Level
Internal or
External
Credits
L1 Literacy Credits UE Literacy Credits Numeracy Credits
A.S. 90983 v3 Economics 1.1 - Demonstrate understanding of consumer choices, using scarcity and/or demand
1
E
4
Y
A.S. 90985 v3 Economics 1.3 - Demonstrate understanding of producer choices using supply
1
E
3
Y
A.S. 90986 v3 Economics 1.4 - Demonstrate understanding of how consumer, producer and/or government choices affect society, using market equilibrium
1
E
5
Y
A.S. 90987 v3 Economics 1.5 - Demonstrate understanding of a government choice where affected groups have different viewpoints
1
I
4
Y
A.S. 90988 v3 Economics 1.6 - Demonstrate understanding of the interdependence of sectors of the New Zealand economy
1
I
3
Y
Total Credits

Total Credits Available: 19 credits.
Externally Assessed Credits: 12 credits.
Internally Assessed Credits: 7 credits.