NCEA Level 3 Economics
Subject Description
Teacher in Charge: Mr E. Meredith.
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.
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.
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
You will be assessed in this course through all or a selection of the standards listed below.
This course is eligible for subject endorsement.
This course is approved for University Entrance.
External
NZQA Info
Economics 3.1 - Demonstrate understanding of the efficiency of market equilibrium
NZQA Info
Economics 3.2 - Demonstrate understanding of the efficiency of different market structures using marginal analysis
NZQA Info
Economics 3.3 - Demonstrate understanding of micro-economic concepts
NZQA Info
Economics 3.4 - Demonstrate understanding of government interventions where the market fails to deliver efficient or equitable outcomes
NZQA Info
Economics 3.5 - Demonstrate understanding of macro-economic influences on the New Zealand economy
Approved subject for University Entrance
Number of credits that can be used for overall endorsement: 24
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.