Thames High School
Economics Level 3
Course Description
Teacher in Charge: Mrs D. Sawyer
L3 Economics
Economists are interested in the factors that influence the well-being of people and aim to find solutions that improves people’s standard of living. Economics explores issues such as: How efficient are free markets in solving economic problems? How should governments intervene when markets fail? What are the best combinations of economic policies governments’ should use to enhance economic performance?
This Year 13 course has a Social Science inquiry approach and will enable you to investigate and question a range of micro and macro-economic issues currently facing New Zealand society in its mixed-market economy – including, with the aid of models, a study of micro- economic topics such as: How efficiency are free markets? How can marginal analysis help firms make better economic decisions? How can governments intervene when markets fail? Is there a trade-off between efficiency and equity in the economy? What policy-mixes can/should governments use to achieve their macro- economic goals?
Recommended Prior Learning
Levels 1 and 2 Economics is desirable, but not essential provided the student does background reading and has reasonable mathematics and research skills.
Assessment Information
The course consists of two internal assessments and three external assessments. A total of 24 credits will be offered.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.
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