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ABOUT THIS COURSE
ABOUT THIS COURSE
This Level 3 Economics course gives you the opportunity to explore key economic issues that shape both Aotearoa New Zealand and the wider world. You will examine Aotearoa New Zealand’s own economic landscape, including how government policies, market forces, and business decisions influence the balance between efficiency, equity, and sustainability. You will also investigate global economic events and their impact on international relationships, trade, and economic stability.
Throughout the course, you will develop strong skills in economic research, data interpretation, and analytical writing. You will learn to evaluate different perspectives, understand how economic decisions create real-world consequences, and form your own well-reasoned conclusions based on evidence. This will help you understand the dynamic and often contested nature of economic issues in Aotearoa and the global economy.
What should I have already achieved?
What should I have already achieved?
Ideally passed Level 2 Economics or a related Social Sciences subject.
A sound understanding of basic economic concepts and models
Growing confidence in interpreting data, graphs, and real-world economic scenarios.
Developing written skills to communicate economic ideas clearly and logically.
A consistent work ethic to meet deadlines and complete a range of internal assessments throughout the year.
What will I learn?
What will I learn?
Microeconomics: Principles and Applications
Microeconomics: Principles and Applications
Key Topics:
Key Topics:
Supply and Demand Analysis Elasticity
Supply and Demand Analysis Elasticity
Consumer Choice Theory Production
Consumer Choice Theory Production
Cost Theory Market Equilibrium
Cost Theory Market Equilibrium
Efficiency Market Structures and Firm Behavior
Efficiency Market Structures and Firm Behavior
Market Structures and Firm Behavior
Market Structures and Firm Behavior
Key Topics:
Perfect Competition and Efficiency
Monopoly and Price Setting
Oligopoly and Strategic Behavior (Game Theory)
Monopolistic Competition and Product Differentiation
Market Power and Antitrust Policies
Market Failures and Government Intervention
Key Topics:
Public Goods and the Free Rider Problem
Externalities and Environmental Economics
Information Asymmetry and Market Imperfections
Government Policies: Taxes, Subsidies, and Regulations
Welfare Economics and Market Efficiency
Market Equilibrium
Key Topics:
Market Equilibrium:
Types of Efficiency:
Consumer & Producer Surplus:
Deadweight Loss:
Market Interventions in NZ:
Career Pathways
Career Pathways
The skills you gain in Level 3 Economics are highly transferable into a range of other subjects, career pathways, and opportunities.
Finance and Banking- Investment banking, commercial banking, financial analyst, risk management.
Government and Public Policy -Economic advisor, policy analyst, treasury or central bank roles, regulatory agencies.
Business and Management - Business strategist, market analyst, operations manager, management consulting.
International Trade and Development -Trade analyst, development economist, international organisation roles (e.g., UN, World Bank).
Data, Research, and Statistics -Economist, data analyst, market researcher, statistical modelling.
Education and Academia -Teacher, lecturer, researcher in economics or related social sciences.
Specialised Sectors in NZ - Agriculture economics, environmental economics, tourism, housing and urban development, energy sector analysis
Recommended Workbooks
Recommended Workbooks
The workbook is highly recommended to support the learning for this course.
Dan Rennie - Understanding Microeconomics Level 3 Workbook - ISBN 9780170438117
ESA Marginal Analysis of Market Structure Efficiency- 3.2 Level 3 Learning Workbook - ISBN 9781988586960
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