Economics Level 1

ECO01
Course Description

Teacher in Charge: Mrs D. Sawyer

Recommended Prior Learning

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


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

  




Learning Areas:

Distance Education