13ECO - Economics NCEA Level 3
Course Description
Teacher in Charge: Mr G. Black, Mr W. Poor.
13ECO - Economics NCEA Level 3
Aims of the Course:
This course focuses on how the three groups in the economy (firms, household and government) interact in the marketplace. Their interactions result in economic decisions being made about what, how and for whom goods and services will be produced. The market is the central component of New Zealand’s mixed economy; by studying the mechanism that allocates scarce resources and determines price you should understand the impact of your own participation. Study at Year 13 will provide a framework for tertiary study of the discipline.
Topics:
Market Equilibrium
Market Structure
Market intervention
Course Overview
Term 1
Micro Concepts
Term 2
Externalities
Marginal Analysis
Term 3
Market Structure
Term 4
Revision
Recommended Prior Learning
At least 14 credits at 12ECO or 12BST.
Pathway
Scholarship Economics
Credit Information
You will be assessed in this course through all or a selection of the standards listed below.
External
NZQA Info
Economics 3.1 - Demonstrate understanding of the efficiency of market equilibrium
NZQA Info
Economics 3.2 - Demonstrate understanding of the efficiency of different market structures using marginal analysis
NZQA Info
Economics 3.3 - Demonstrate understanding of micro-economic concepts
NZQA Info
Economics 3.4 - Demonstrate understanding of government interventions where the market fails to deliver efficient or equitable outcomes
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
Every effort will be made to give students their preferred choice in subjects. However, all courses are subject to availibility of staff and student numbers.