ECO301

Economics Level 3

Course Description

Teacher in Charge: Mr Belton

Economics

The NCEA Level 3 course has three sections; 

Section A investigates the ways in which markets should ideally operate to efficiently allocate scarce resources in the attempt to best satisfy the unlimited wants of society. 

Section B challenges the ‘purity’ of the free market by inquiring into the ways markets can fail, then allows students to investigate various ways government may intervene to try and correct these market failures in society’s interest. 

Section C involves the study of macro-economic theory and the pros and cons of various policies governments may use to manage the macro-economy.

Students may also study for Scholarship and/or a Level 1 university paper in Economics. 





Contributions and Equipment/Stationery

Workbooks $24

Recommended Prior Learning

Level 2 Economics is an advantage, but not essential. Those choosing to pick up the subject for the first time at Level 3 will need to get HOD approval and be reasonably competent in Mathematics. Summer reading will help to fill any knowledge and skills gaps. 

Credit Information

Total Credits Available: 24 credits.
Externally Assessed Credits: 14 credits.
Internally Assessed Credits: 10 credits.

Assessment
Description
Level
Internal or
External
Credits
L1 Literacy Credits
UE Literacy Credits
Numeracy Credits
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: Y
University Entrance Literacy Credits: 6r,6w *
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: Y
University Entrance Literacy Credits: 5r *
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: Y
University Entrance Literacy Credits: 5r *
Numeracy Credits: 0
A.S. 91400 v2
NZQA Info
Economics 3.2 - Demonstrate understanding of the efficiency of different market structures using marginal analysis
Level: 3
Internal or External: External
Credits: 4
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 4r,4w *
Numeracy Credits: 0
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: Y
University Entrance Literacy Credits: 4r,4w *
Numeracy Credits: 0
Credit Summary
Total Credits: 24
Total Level 1 Literacy Credits: 24
Total University Entrance Literacy Credits: 24
TotalNumeracy Credits: 0

Approved subject for University Entrance

Number of credits that can be used for overall endorsement: 24

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.

Disclaimer

Courses outlined will only be available in 2020 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.