NCEA Level 3 Economics
13ECO Subject DescriptionTeacher 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.
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.
| Assessment | Level |
Internal or External |
Credits |
L1 Literacy Credits | UE Literacy Credits | Numeracy Credits |
|---|---|---|---|---|---|---|
| A.S. 91399 v2 Economics 3.1 - Demonstrate understanding of the efficiency of market equilibrium | 3 |
E |
4 |
Y |
4r,4w * |
|
| A.S. 91400 v2 Economics 3.2 - Demonstrate understanding of the efficiency of different market structures using marginal analysis | 3 |
E |
4 |
Y |
4r,4w * |
|
| A.S. 91401 v2 Economics 3.3 - Demonstrate understanding of micro-economic concepts | 3 |
I |
5 |
Y |
5r * |
|
| A.S. 91402 v3 Economics 3.4 - Demonstrate understanding of government interventions where the market fails to deliver efficient or equitable outcomes | 3 |
I |
5 |
Y |
5r * |
|
| A.S. 91403 v2 Economics 3.5 - Demonstrate understanding of macro-economic influences on the New Zealand economy | 3 |
E |
6 |
Y |
6r,6w * |
|
| A.S. 91871 v1 Agribusiness 3.10 - Analyse how a product meets market needs through innovation in the value chain | 3 |
I |
4 |
Y |
4r * |
|
Total Credits |
||||||
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.
Total Credits Available: 28 credits.
Externally Assessed Credits: 14 credits.
Internally Assessed Credits: 14 credits.