Economics NCEA Level 3 | 13ECO |
UE:
This is an 'approved subject' for University Entrance. Standards marked (R) may be counted towards the Reading credits for Literacy. Standards marked (R/W) may be counted towards either (but not both) the Reading or the Writing credits for Literacy.Background:
Economics NCEA Level 3 is designed as a one year, stand-alone course, where previous study of Economics is beneficial but not essential. The course builds on skills and knowledge from studying Economics NCEA Level 2. Students who have only 8 to 12 credits at Level 2 or those who have not previously studied Economics should consult with the Faculty Head /Head of Department about their likelihood of successful progress.Course Description:
The course covers the concepts of: • The behaviour of firms (including output and pricing decisions) • The market (including supply, demand and market types) • Government intervention in the market • Aggregate economic activity (including government policy to control the economy)Achievement Standards:
| Level | Standard | Description | Credits | Int\Ext | Opt\Comp |
|---|---|---|---|---|---|
| 3 | 91399(R/W) | Economics 3.1 - Demonstrate understanding of the efficiency of market equilibrium | 4 | External | Compulsory |
| 3 | 91403(R/W) | Economics 3.5 - Demonstrate understanding of macro-economic influences on the New Zealand economy | 6 | External | Compulsory |
| 3 | 91401(R) | Economics 3.3 - Demonstrate understanding of micro-economic concepts | 5 | Internal | Compulsory |
| 3 | 91402(R) | Economics 3.4 - Demonstrate understanding of government interventions to correct market failures | 5 | Internal | Compulsory |
Assessment Summary:
| Level | Type | Int\Ext | Opt\Comp | Standards | Credits |
|---|---|---|---|---|---|
| 3 | Achievement | External | Compulsory | 2 | 10 |
| 3 | Achievement | Internal | Compulsory | 2 | 10 |