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Level 3 Economics COURSE OUTLINE.  Click here for course Year Plan, Click here for online learning

*UE Literacy credits (R) = 20
                                                                                                                              *UE Literacy credits (W) = 10

TermCodeAchievement Standard TitlecreditsInt / ExtFAO

Demonstrate understanding of micro-economic concepts

5I  None

Demonstrate understanding of the efficiency of market equilibrium


Demonstrate understanding of government interventions to correct market failures

2 & 3(R&W)
91403      (R&W)         *91400

Demonstrate understanding of macro-economic influences on the New Zealand economy


Demonstrate understanding of the efficiency of different market structures using marginal analysis


What should I have already achieved?
10 credits at NCEA Level 2 Economics or UE Literacy. An interest in studying Economics at Tertiary                 level.
What will I learn?
Economics investigates how the New Zealand economy works and how people choose to use what they
have in order to get what they want. Economics is part of everyday life and is an  important part of
political and social debate. Understanding economic ideas will help you answer questions such as
  • why do we have to pay tax?
  • why are prices going up?
  • what is the point of government?
  • why does the exchange rate keep changing?
Students who study Economics discover the reasons behind the news headlines and are able to explain
the changes that are taking place in our economy and society. Students find they are more able to
participate in political debate as a result of understanding economic ideas.

How will this course be assessed?

Learning in Economics will be assessed through both internal and external achievement standards. The
focus is on learning the skills that are needed to explain how our economy works and how government
policies affect our economy and society.
Will there be any FAO?  (Further Assessment Opportunities)

What are the course costs? $28.00 for workbooks. $18.00 for revision book.