Level 3 Economics
Course Description
Teacher in Charge: Miss K. Easton.
Level 3 Economics
In Level 3 Economics, students will learn about contemporary Microeconomics and Macroeconomics. This course equips students with analytical tools to understand the complexities of economic systems and make informed decisions in the economic landscape.
The course comprehensively explores market efficiency, teaching students how markets allocate resources to achieve optimal outcomes. Students will also study market failure, highlighting instances where markets fall short in distributing resources due to externalities and imperfect information.
The course comprises two internally assessed achievement standards and two end-of-year external examinations. This comprehensive curriculum aims to equip students with a deeper understanding of Economics and its real-world application.
Embark on a journey into the realm of Economics, where you can elevate your analytical and problem-solving capabilities by comprehending fundamental economic principles and policies.
Level 3 Economics is a precursor to studying Economics at the tertiary level.
Course Overview
Term 1
3.3 Microeconomic Concepts (Internal)
3.4 Government Intervention to Correct for Market Failure (Internal)
Term 2
3.1 Efficiency of Market Equilibrium (External)
Term 3
3.5 Macroeconomic Influences on the NZ Economy (Internal)
Term 4
Revision for Exams
Entry Criteria
Entry into Level 3 Economics requires successful completion of a Level 2 course in Economics.
Students must also meet the requirements to study a Level 3 NCEA Award.
Equipment/Stationery and Course Costs
This course makes significant use of digital learning material at various times during the year. It is advantageous for a student to have a laptop during these times. Some learning activities, including assessments, will not be able to be completed without a laptop.
Credit Information
You will be assessed in this course through all or a selection of the standards listed below.
This course is eligible for NCEA Course Endorsement.
This course is approved for University Entrance.
External
NZQA Info
Economics 3.1 - Demonstrate understanding of the efficiency of market equilibrium
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
NZQA Info
Economics 3.5 - Demonstrate understanding of macro-economic influences on the New Zealand economy
Approved subject for University Entrance
Number of credits that can be used for overall endorsement: 20
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
Course selection does not guarantee a course will be available or that you have approval to take a course. Final course confirmation is in January and depends on your final results and in rare cases, staff availability.