Level 3 Economics
13ECO Course DescriptionTeacher in Charge: Mr L. Goh.
Entry CriteriaEntry 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.
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
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.