13ECO

NCEA Level 3 Economics

Subject Description

Teacher in Charge: Mrs S. Hamilton

The focus at Level 3 is complex Micro-Economics. The key areas of study include efficiency and equity and government intervention. This is followed by a case study of a NZ industry (eg forestry, apiculture) that covers 1-3 standards from both Economics and Business Studies.


     Study Economics @ Otago
    Study Economics @ University of Waikato
   Study Economics @ Victoria University
   Study Economics @ University of Canterbury

All students will complete the two Economics internal assessments (worth 10 credits) and at least one Economics external assessment to gain 14 credits towards university entrance. Other standards listed below depend on the students prior learning, programme of study and future intentions.


Career Pathways

Recommended Prior Learning

At least 7 external credits from Level 1 Economics. Level 2 Economics study is an advantage. All students should have passed a L2 Social Sciences or English subject.

Students should have passed an Achievement Stand Social Sciences and/or English Course at Level 2


Credit Information

This course is eligible for subject endorsement.

This course is approved for University Entrance.

Total Credits Available: 28 credits.
Externally Assessed Credits: 14 credits.
Internally Assessed Credits: 14 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: Y
University Entrance Literacy Credits: 4r,4w *
Numeracy Credits: 0
A.S. 91400 v2
NZQA Info
Economics 3.2 - Demonstrate understanding of the efficiency of different market structures using marginal analysis
Level: 3
Internal or External: External
Credits: 4
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 4r,4w *
Numeracy Credits: 0
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: Y
University Entrance Literacy Credits: 5r *
Numeracy Credits: 0
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: Y
University Entrance Literacy Credits: 5r *
Numeracy Credits: 0
A.S. 91403 v2
NZQA Info
Economics 3.5 - Demonstrate understanding of macro-economic influences on the New Zealand economy
Level: 3
Internal or External: External
Credits: 6
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 6r,6w *
Numeracy Credits: 0
A.S. 91871 v1
NZQA Info
Agribusiness 3.10 - Analyse how a product meets market needs through innovation in the value chain
Level: 3
Internal or External: Internal
Credits: 4
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 4r *
Numeracy Credits: 0
Credit Summary
Total Credits: 28
Total Level 1 Literacy Credits: 28
Total University Entrance Literacy Credits: 28
TotalNumeracy Credits: 0

Approved subject for University Entrance

Number of credits that can be used for overall endorsement: 28

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.