NCEA Level 3 Economics
L3ECO Course DescriptionTeacher in Charge: Mr S. Naicker.
Recommended Prior LearningStudents 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.
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
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.
• 1 x 1B8 exercise book
• 1 x Refill pad
• Understanding Microeconomics NCEA Level 3 workbook by Dan Rennie