Economics Level 3
Teacher in Charge: Mr B. Choromanski
The economics course at Level 3 will enable students to attain economic literacy and understanding which will allow them to develop a continuing interest in contemporary economic issues. The skill of reasoning clearly by means of analytical techniques will allow students to present and interpret economic data and arguments in a clear and concise manner.
This course aims to:
1. Demonstrate understanding of the efficiency of market equilibrium
2. Demonstrate understanding of the efficiency of different market structures using marginal analysis
3. Demonstrate understanding of micro-economic concepts
4. Demonstrate understanding of government interventions to correct market failures
5. Demonstrate understanding of macro-economic influences on the New Zealand economy
This level of study is organised into five major Topics.
Theme 1 The Conceptual basis of Economics
You will demonstrate an understanding of Market Equilibrium, different Market Structures using Marginal Analysis, Understand Micro-Economic Concept, Understand how Government intervenes to correct Market Failures and understand Macro-Economic influences on New Zealand Economy.
Theme 2 Processing
You will learn how to process, present and analyse statistical data in relation to two contemporary economic issues.
Theme 3 Economic Models
The economic models assessed will be selected from the supply and demand model for the goods and /or service markets, resource markets (e.g. labour market) and internationally traded goods markets. For a comprehensive understanding, candidates may be required to demonstrate an understanding of elasticity concepts.
Theme 4 Government Interventions
Demonstrate understanding of government interventions to correct market failures.
Theme 5 Macro-economic influences
Demonstrate understanding of macro-economic influences on the New Zealand economy
Recommended Prior Learning
Achievement of: 15 Credits in Level 2 in Economics
Total Credits Available: 19 credits.
Externally Assessed Credits: 14 credits.
Internally Assessed Credits: 5 credits.
Approved subject for University Entrance
Number of credits that can be used for overall endorsement: 19
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.
Statistician, Economist, Market Research Analyst, Foreign Policy Officer, Financial Adviser, Quantity Surveyor, Managing Director/Chief Executive, Policy Analyst, Tertiary Lecturer, Valuer, Management Consultant, Urban/Regional Planner, Insurance Claims Officer, Auditor, Actuary, Finance Manager, Bank Worker,