Economics Level 2

L2ECO
Course Description

Teacher in Charge: Mr B. Choromanski

The issues that result from market forces are the scope of study at this level. Students explore the economic issues of employment, trade, growth, inflation and inequality. They learn to define and measure these issues as well as understand their causes and possible effects. Government policies are examined as well as the independent nature of the economy by examining the impact on various groups.

General
1. Analyse inflation using economic concepts and models.
2. Analyse international trade using economic concepts and models.
3. Analyse economic growth using economic concepts and models.
4. Analyse unemployment using economic concepts and models.
5. Analyse statistical data relating to two contemporary economic issues.
6. Analyse how government policies and contemporary economic issues interact.

This level of study is organised into Five major Topics.
Theme 1 The Conceptual basis of Economics
You will develop an understanding of Inflation, Trade, Growth, unemployment and Government Policies. You will also be able to describe and provide explanation the causes and effects of the above topics on various economic issues, analysing, comparing and contrasting their impact on issues and various groups in society. Integrating changes shown in economic models into explanations.
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
You will learn to provide detailed explanation with the use of economic models like-AS / AD, PPF, Circular Flow and Business Cycle various economic issues.
Theme 4 Analyse unemployment using economic concepts and models.
Theme 5 Analyse interdependent nature of the economy
You will learn how to analyse, interpret and evaluate the interdependent nature of the economy by examining the impact of government policies on contemporary economic issues


Pathway

Accounting Level 3, Economics Level 3

Recommended Prior Learning

Achievement of: 15 Credits NCEA Level 1 in Economics or English


Credit Information
Assessment
Level
Internal or
External
Credits
L1 Literacy Credits UE Literacy Credits Numeracy Credits
A.S. 91222 v2 Economics 2.1 - Analyse inflation using economic concepts and models
2
E
4
Y
4w
A.S. 91224 v2 Economics 2.3 - Analyse economic growth using economic concepts and models
2
E
4
Y
4w
A.S. 91225 v2 Economics 2.4 - Analyse unemployment using economic concepts and models
2
I
4
Y
4r
A.S. 91226 v2 Economics 2.5 - Analyse statistical data relating to two contemporary economic issues
2
I
4
Y
Y
A.S. 91227 v2 Economics 2.6 - Analyse how government policies and contemporary economic issues interact
2
I
6
Y
6r
Total Credits

Total Credits Available: 22 credits.
Externally Assessed Credits: 8 credits.
Internally Assessed Credits: 14 credits.

Pathway Tags

Economist, Statistician, Foreign Policy Officer, Quantity Surveyor, Market Research Analyst, Management Consultant, Mortgage Broker, Policy Analyst, Tertiary Lecturer, Valuer, Urban/Regional Planner, Managing Director/Chief Executive, Insurance Claims Officer, Auditor, Actuary, Finance Manager, Financial Adviser, Bank Worker