Level 3 Economics
Course Description
Teacher in Charge: Mr R. Chopra.
Course Outline
Level 3 Economics aims to build on Micro-economic and Macro-economic content developed in Level 1 and 2 Economics. Technical skills necessary for University Economics will be introduced and applied to contemporary issues in the New Zealand economy. This course is structured into three sections; students will examine resource allocation via private sector - determining the success of the market system. Secondly, students will examine market failure and look at resource allocation via public sector. Finally, students will revisit the aggregate economy and look at the effect of government decisions on the economy as a whole.
This course provides a foundation for further study at tertiary institutions and prepares students to work as an economist, statistician, policy analyst, and elected government representative. It also is a good one year course providing general educational skills for everyday living.
Who would be interested in this course?
Ideally students who have previously earned 14 Level 2 Economics credits, or with HOD’s approval (if no prior study of Economics at Level 1 or 2).
Contributions and Equipment/Stationery
Pens/Pencils
Highlighter(s) - Optional
Credit Information
You will be assessed in this course through all or a selection of the standards listed below.
This course is eligible for subject endorsement.
This course is approved for University Entrance.
External
NZQA Info
Economics 3.1 - Demonstrate understanding of the efficiency of market equilibrium
NZQA Info
Economics 3.3 - Demonstrate understanding of micro-economic concepts
NZQA Info
Economics 3.4 - Demonstrate understanding of government interventions where the market fails to deliver efficient or equitable outcomes
NZQA Info
Economics 3.5 - Demonstrate understanding of macro-economic influences on the New Zealand economy
Approved subject for University Entrance
Number of credits that can be used for overall endorsement: 20
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.