L3ECO

NCEA Level 3 Economics

Course Description

Teacher in Charge: Mr S. Naicker.

This course will enable you to develop a continuing interest in current local and global economic issues. Throughout the year, we will discuss a wide range of issues that are affecting the New Zealand economy at present; the effects on society, how society deals with the issues and major influences of government on the economy. You will learn about how markets fail, and the strategies Governments put in place to compensate for market failure. It also covers the different types of market structures and international trade

Recommended Prior Learning

Students should have prior knowledge of NZ markets and the 2 deriving forces (demand and supply).  Also, how the government policies can be used to stimulate the economy.  These topics are taught in Level 2 Economics.

Contributions and Equipment/Stationery

• 1 x 1B8 exercise book
• 1 x Refill pad
• Understanding Microeconomics NCEA Level 3 workbook by Dan Rennie

Assessment Information

The first Assessment on micro economic concepts will comprise of 3 short tests and we will take the best of 2 as the final grade. The second Internal Assessment is a written report on market failure where students will be explaining how industries are creating pollution which creates a market failure. Furthermore, they will suggest how the Government can intervene to minimise or eliminate the market failure. The other 2 are External Assessments which will have a topic test and NCEA exam at the end of the year.

Credit Information

You will be assessed in this course through all or a selection of the standards listed below.

This course is eligible for subject endorsement.

This course is approved for University Entrance.

Total Credits Available: 14 credits.
Externally Assessed Credits: 4 credits.
Internally Assessed Credits: 10 credits.

Assessment
Description
Level
Internal or
External
Credits
L1 Literacy Credits
UE Literacy Credits
Numeracy Credits
A.S. 91399 v2
NZQA Info
Economics 3.1 - Demonstrate understanding of the efficiency of market equilibrium
Level: 3
Internal or External: External
Credits: 4
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 4r,4w *
Numeracy Credits: 0

Assessments:
Term: 2022-06-07, Week: 2022-06-07

A.S. 91401 v2
NZQA Info
Economics 3.3 - Demonstrate understanding of micro-economic concepts
Level: 3
Internal or External: Internal
Credits: 5
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 5r *
Numeracy Credits: 0

Assessments:
Term: 2022-06-07, Week: 2022-06-07

A.S. 91402 v3
NZQA Info
Economics 3.4 - Demonstrate understanding of government interventions where the market fails to deliver efficient or equitable outcomes
Level: 3
Internal or External: Internal
Credits: 5
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 5r *
Numeracy Credits: 0

Assessments:
Term: 2022-06-07, Week: 2022-06-07

Credit Summary
Total Credits: 14
Total Level 1 Literacy Credits: 0
Total University Entrance Literacy Credits: 14
Total Numeracy Credits: 0

Approved subject for University Entrance

Number of credits that can be used for overall endorsement: 14

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.

Disclaimer

Southland Boys' High School endeavours to timetable courses depending on students' needs, interests and future plans.  Many factors can influence whether a course is able to be offered in the following year.  These can include:

  • Student demand
  • Staff availability
  • Resourcing

These factors can also impact on timetabling, and as a result students will be asked for input about any clashes that may occur.

Where a course is not able to be run, students' back-up subjects will be used.  If there are issues with student selections and the timetabling process, students will have the opportunity to make a decision in conjunction with staff input on the best solution.