13ECO

Level 3 Economics

Course Description

Teacher in Charge: Mr L. Goh.

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 also covers the role of trade in an economy, including the analysis of gains from international trade and the impact of trade policies.

       

Level 3 Economics is a precursor to studying Economics at the tertiary level.

Course Overview

Term 1
3.3 Microeconomic Concepts (Internal)
3.1 Efficiency of Market Equilibrium (External)

Term 2
3.1 Efficiency of Market Equilibrium (External)
3.4 Government Intervention to Correct for Market Failure (Internal & Trip)

Term 3
3.5 Macroeconomic Influences on the NZ Economy (Internal)

Term 4
Revision

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.

Total Credits Available: 20 credits.
Externally Assessed Credits: 10 credits.
Internally Assessed Credits: 10 credits.

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. 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
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
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: 20
Total Level 1 Literacy Credits: 0
Total University Entrance Literacy Credits: 20
Total Numeracy Credits: 0

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.