Level 1 Economics
Course Description
Teacher in Charge: Mr R. Reddy
Introduction
Economics is the study of us. As economists, we study who we are, how we have created societies and the incentives that drive our actions. Each individual, group or nation is faced with a scarcity of resources. In economics, as an applied social science, students will gather information in order to outline possible solutions to this problem of scarcity.
Course Outline
Level 1 Economics aims to create an understanding of the relationships between consumers and producers as they interact in the marketplace. Students will learn the underpinnings of the Demand and Supply model and use this tool to examine consumer, producer and government actions.
Students will be introduced to the key economic concepts of scarcity, opportunity cost, interdependence and equilibrium. These concepts provide the foundation for study in Level 2, Level 3 and University Economics. It is also an excellent one year course that provides general educational skills for everyday living.
Recommended Prior Learning
Literacy skills from Year 9 and Year 10 English.
Pathway
Credit Information
This course is eligible for subject endorsement.
Total Credits Available: 16 credits.
Externally Assessed Credits: 7 credits.
Internally Assessed Credits: 9 credits.
External
NZQA Info
NZQA Info
NZQA Info
NZQA Info
Disclaimer
Lynfield College has procedures and guidelines for the administering of assessments. Click HERE to go to the school website with more information, and links to the appropriate Year Level Assessment Guides.
SchoolPoint by Inbox Design SCHOOLPOINT128, Rendered 2.54MB in 0.0750 seconds with 20 queries.