Economics NCEA Level 3
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)
|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|