Level 3 Economics
13ECO Course DescriptionTeacher in Charge: Miss K. Easton.
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 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
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.