3ECO

Level 3 Economics

Course Description

Teacher in Charge: Mr R. Reddy

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.



Recommended Prior Learning

Ideally 16 Level 2 Economics credits, or with HOD’s approval (if no prior study of Economics at Level 1 or 2).

Credit Information

This course is eligible for subject endorsement.

This course is approved for University Entrance.

Total Credits Available: 20 credits.
Externally Assessed Credits: 10 credits.
Internally Assessed Credits: 10 credits.

Assessment
Description
Level
Internal or
External
Credits
L1 Literacy Credits
UE Literacy Credits
Numeracy Credits
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
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. 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. 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
Credit Summary
Total Credits: 20
Total Level 1 Literacy Credits: 20
Total University Entrance Literacy Credits: 20
Total Numeracy Credits: 0

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.

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.

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