8ECO

Year 13 8ECO – Economics (NCEA L3)

Course Option Description

Head of Learning Area (HOLA): Mrs E. Sefo.

Why this course:    

The essential “Who gets what?” is one of the key fundamentals that underpin all societies.

Anyone interested in decision making in financial, management or political roles will benefit from an understanding of the underlying economic concepts. The course also looks at the free market and government intervention - whether it is justified or not.

This subject leads directly to tertiary courses and is a valuable foundation for career pathways in finance, business, management, trade, law or politics.

Course information:    

Level 3 Economics is the study of allocative efficiency and government policies — how society can best use its resources to meet the needs and wants of its citizens.  You will find that the Level 3 course is more analytical than Level 1 or Level 2 Economics. You will use a range of economic models (graphs) to develop your understanding. In addition to classroom learning, your course will involve individual investigations. As always, we endeavour to apply learning to real life situations with a New Zealand context.

Internal assessment takes different forms including written report and portfolio tasks completed in class.

This is a UE-accredited course.

Scholarship:

Students with a strong academic background will be offered an opportunity for extension by participating in the scholarship programme outside of their timetabled class.

Prerequisites

Completion of Level 2 Economics (7ECO) with a minimum of 10 credits OR entry at the discretion of the HoLA.

Equipment and Stationery

1B8
Ruler
Calculator

Assessment Information

This course is assessed using Achievement and/or Unit Standards. Please note exact standards are subject to change and individual assessment programmes may be provided in consultation with student and teacher.

Credit Information

You will be assessed in this course through all or a selection of the standards listed below.

This course is approved for University Entrance.

Total Credits Available: 20
Internal Assessed Credits: 10
External Assessed Credits: 10
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.