Level 3 Economics - Extension
13ECOE Course DescriptionTeacher in Charge: Miss K. Easton.
Entry CriteriaEntry 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.
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
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.