ECO01

Economics Level 1

Course Description

Teacher in Charge: Mrs D. Sawyer

L1 Economics

This course is the first level of the nationally prescribed NCEA qualification in Economics, aligned to the revised New Zealand Curriculum. The course focuses on how consumers, producers and government interact in New Zealand’s economy. This interaction results in economic decisions about what, how and for whom private and public goods and services will be produced. The market, complemented by government choices, is fundamental to New Zealand’s economic system in the allocation of scarce resources and students will understand the forces that affect their own economic participation in the economy.

Topics covered  include:

  1. Consumer Choice and Demand 

  2. Producers, Production & Resources

  3. Producer Choices and Supply 

  4. Interdependence of Economic Sectors

  5. Choices, Society and The Market

  6. Government Choices

  



Recommended Prior Learning

None. A reasonable grasp of Year 10 mathematics is preferred.

Assessment Information

Throughout the year there will be an opportunity of sitting three internal assessment standards and three external achievement standards. The course offers 24 credits

Disclaimer

Courses outlined will only be available if sufficient students wish to take them AND appropriate staff are available to teach them. Courses that do not run may be offered through distance learning and be supported by the Distance Learning Department.