13ECOE

Level 3 Economics - Extension

Course Description

Teacher in Charge: Miss K. Easton.

Level 3 Economics Extension

In this Economics Extension course, students will apply their knowledge of Micro and Macroeconomic theories to develop and communicate an advanced economic analysis within a contemporary New Zealand context.


They will explore complex microeconomic models to gain insights into market efficiency and learn how to use marginal analysis concepts to understand how various market structures allocate resources and impact market efficiency. In real-world scenarios, firms often fail to meet the perfect competition requirements, leading to government intervention to enhance allocative efficiency or societal equity. 


The course comprises two internally assessed achievement standards and two end-of-year external examinations as well as the Scholarship exam. 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.

Successful completion of this course is a prerequisite for pursuing tertiary-level economics studies.

It is a requirement for all students in a Level 3 Extension course to sit the Scholarship exam.

Course Overview

Term 1
3.1 Efficiency of Market Equilibrium (External)
3.4 Government Intervention to Correct for Market Failure (Internal)
Scholarship Skills

Term 2
3.4 Government Intervention to Correct for Market Failure (Internal)
Scholarship Skills

Term 3
3.2 Marginal Analysis (External)
Scholarship Skills

Term 4
Scholarship School Exam
Revision for Exam

Entry Criteria

Entry into Level 3 Economics Extension requires successful completion of the Level 2 Extension 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: 18
Internal Assessed Credits: 10
External Assessed Credits: 8
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
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. 93402 v21
NZQA Info

SCHL - Economics


Level: 3
Internal or External: External
Credits: 0
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
Credit Summary
Total Credits: 18
Total Level 1 Literacy Credits: 0
Total University Entrance Literacy Credits: 18
Total Numeracy Credits: 0

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

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.