13ECO

Level 3 Economics

Course Description

Teacher in Charge: Mr M. Cain.

ECONOMICS - YEAR 13
NCEA LEVEL 3
CODE: 13ECO

This course is designed to provide students with an understanding of the basics of Economics before embarking on a career or tertiary study. Students’ statistical thinking, investigative and economic decision-making skills will be developed. Students will analyse the behaviour of firms and consumer behaviour, market responses to change and macroeconomic activity and government policies and their effect on society. An Economics degree in tertiary study combines nicely with many other subjects in other degrees. 



Entry Requirements

If you have not taken this subject at the senior level before, please talk to the teacher in charge before selecting this option.

Supplementary Materials/ Equipment

$27 Optional workbook

Pathway

Economics is the study of how people as individuals and groups satisfy their needs by allocating and managing scarce resources. There are many career opportunities either within Economics, in the private sector or with government agencies, both within New Zealand and overseas. It also enables you to enter the workforce as an employee or become a self-employed entrepreneur. An Economics Degree combines nicely with many other subjects in other degrees.

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.

Total Credits Available: 24
Internal Assessed Credits: 10
External Assessed Credits: 14
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: 0
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: 0
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: 0
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: 0
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: 0
University Entrance Literacy Credits: 6r,6w *
Numeracy Credits: 0
Credit Summary
Total Credits: 24
Total Level 1 Literacy Credits: 0
Total University Entrance Literacy Credits: 24
Total Numeracy Credits: 0

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.

Disclaimer

Course Selection is confirmed at the start of 2025.  You can change the courses you have selected up until the start of next year provided there are still spaces in the course you wish to change to.

Some courses may become unavailable due to the number of students taking the courses or changes in staffing.

New courses may also be introduced, in which case you will be notified and given the opportunity to select the new course.