Level 3 Economics

13ECO
Course Description

Teacher in Charge: Mr R. Reddy

LEARNING ACTIVITIES: Level 3 Economics provides an understanding of how decisions are made about the use of scarce resources and an understanding of economic activity that enables participation in that economy. The course develops skills in thinking, investigation, analysis, interpretation and decision making. It is divided into three sections: Resource allocation via the market system, allocation via the public sector, and aggregate economic activity and policy.

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

16 Level 2 Economics credits or by approval of HOD (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.

Assessment
Level
Internal or
External
Credits
L1 Literacy Credits UE Literacy Credits Numeracy Credits
A.S. 91399 v2 Economics 3.1 - Demonstrate understanding of the efficiency of market equilibrium
3
E
4
Y
4r,4w *
A.S. 91401 v2 Economics 3.3 - Demonstrate understanding of micro-economic concepts
3
I
5
Y
5r *
A.S. 91402 v3 Economics 3.4 - Demonstrate understanding of government interventions where the market fails to deliver efficient or equitable outcomes
3
I
5
Y
5r *
A.S. 91403 v2 Economics 3.5 - Demonstrate understanding of macro-economic influences on the New Zealand economy
3
E
6
Y
6r,6w *
Total Credits
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.

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

Disclaimer

POLICY
It is the policy of Lynfield College to have school-wide policies that inform parents and students of the criteria for administering all Assessments for National Qualifications.