L3ECO

L3 Economics

Course Description

Teacher in Charge: Ms L. Everett.

Economics is the perfect combination of numbers and words, problems, essays, calculations, and interpretations.  It is both an art and a science subject.  Students will have the opportunity to learn and build microeconomic models which give insights into the real world, and then to critique these models based on their assumptions.  There is rarely a right answer in Economics, but any argument put forward must be backed up by quantitative evidence.  Students will ultimately enjoy Economics because it allows them to employ and develop analytical and evaluative skills.  

Equipment/Stationery and Contributions (indicative only)

EQUIPMENT/STATIONERY:
In addition to a laptop computer and some general stationery, specific items for each course will be confirmed at the beginning of each school year.
As an indication, for this course you are likely to need:
- Basic calculator

CONTRIBUTIONS:
Course Contributions qualify for a tax rebate from IRD:
(https://www.ird.govt.nz/income-tax/income-tax-for-individuals/individual-tax-credits/tax-credits-for-donations/submit-a-donation-receipt).

Description Type Value
Indicative Course Contribution for resources and materials Contribution $55.00
$55.00

Credit Information (standards listed are indicative only and are subject to change)

You will be assessed in this course through all or a selection of the standards listed below.

This course is eligible for course endorsement.

This course is approved for University Entrance.

Total Credits Available: 18
Internal Assessed Credits: 10
External Assessed Credits: 8
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
Credit Summary
Total Credits: 18
Total Level 1 Literacy Credits: 0
Total University Entrance Literacy Credits: 18
Total Numeracy Credits: 0

Approved subject for University Entrance

Number of credits that can be used for overall endorsement: 18

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

Although we aim to enable every learner to be enrolled in their preferred courses, your selection does not guarantee a course will be available, or that you have approval to take a selected course. Final course confirmation is in January and depends on your final results, and in some cases, class sizes and staff availability.