Economics Level 1

ECO101
Course Description

Teacher in Charge: Mr Belton

Economics

This course is the first level of the nationally prescribed NCEA qualification in Economics. 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 effect their own economic participation in the economy. 



Pathway

Economics Level 2

Contributions and Equipment/Stationery

Workbook $21


Recommended Prior Learning

The skills and competencies learnt in English, Mathematics and Social Studies in Years 9 and 10 are a useful background in the study of Economics. 


Credit Information

This course is eligible for subject endorsement.

Assessment
Level
Internal or
External
Credits
L1 Literacy Credits UE Literacy Credits Numeracy Credits
A.S. 90988 v3 Economics 1.6 - Demonstrate understanding of the interdependence of sectors of the New Zealand economy
1
I
3
Y
A.S. 90987 v3 Economics 1.5 - Demonstrate understanding of a government choice where affected groups have different viewpoints
1
I
4
Y
A.S. 90986 v3 Economics 1.4 - Demonstrate understanding of how consumer, producer and/or government choices affect society, using market equilibrium
1
E
5
Y
A.S. 90984 v3 Economics 1.2 - Demonstrate understanding of decisions a producer makes about production
1
I
5
Y
A.S. 90983 v3 Economics 1.1 - Demonstrate understanding of consumer choices, using scarcity and/or demand
1
E
4
Y
Total Credits

Total Credits Available: 21 credits.
Externally Assessed Credits: 9 credits.
Internally Assessed Credits: 12 credits.

Pathway Tags

Prime Minister, Office Manager, Accounts Officer, Banking, Insurance, Business Consultant, Mortgage Broker, Retail Buyer, Accountant, Auditor, Finance Manager, Financial Adviser, Currency Dealer, Economist, Statistician, Secondary School Teacher, Tertiary Lecturer, Property Manager, Real Estate, Valuer, Business Owner, Business Manager, Advisor, Consultant, Policy Analysis, Business Journalist


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.