Economics Level 2

This course provides students with a comprehensive understanding of microeconomic and macroeconomic concepts, decision-making, and policy analysis within the New Zealand context. Students will examine how individuals, firms, and the government interact within the economy, and how economic models can be used to explain real-world issues. Emphasis is placed on applying economic theory to current events, evaluating the effects of economic decisions, and developing analytical and problem-solving skills.

The programme covers the following Achievement Standards:

• AS91222 – Analyse inflation using economic concepts and models.

• AS91223 – Analyse international trade using economic concepts and models.

• AS91224 – Analyse economic growth using economic concepts and models.

• AS91225 – Analyse unemployment using economic concepts and models.

• AS91227 – Analyse how government policies and contemporary economic issues interact.

Students will engage in a range of activities, including data interpretation, model analysis, and evaluation of policy options, with a strong focus on real-life applications. By the end of the course, students will be equipped with the knowledge and skills to critically assess economic issues, understand their implications for individuals and society, and make informed judgements about possible solutions.

Studying Economics provides a strong foundation for future careers in business, finance, government policy, data analysis, law, journalism, and international relations.