YEAR 11 Economics

Aims 

• To enable learners to take an effective part in economic activity and to better contribute to future economic well-being

• To help learners understand people as consumers, producers and their interaction in the market

Course Content 

Producers, Production, Resources, and Supply - A study of the decisions made by individual firms and industries regarding the use of resources to produce goods and services.

Consumers Choice and Demand - A study of the economic behaviour of individuals and households as consumers, and the influences that affect the demand for goods and services. 

The Market - A study of the interaction between consumers and producers, resulting in the allocation of resources, the important relationships that exist between the various sectors of the economy, and factors that determine equilibrium in the market. 

Accounting Introduction - Processing financial transactions and preparing financial statements for a small business.

Skills 

• Thinking - Recalling knowledge, comprehension, processing information and evaluation

• Investigative - Collecting and selecting appropriate information and data, processing and interpreting that data and drawing conclusions

• Statistical - Interpreting statistical data, percentages, decimals, ranking sizes, constructing and interpreting a range of graphs

• Decision-making - Setting desired goals, identifying obstacles in realising those goals, determining the alternatives before choosing the best one, and evaluating the consequences of decisions

Assessment 

In class assessments, school examinations.

This course may include 1 NCEA standard, either an internal or an external. To be confirmed at the beginning of the 2024 school year.

This subject has links with  

Mathematics, English, and Geography 

Prior knowledge required

Open entry 

Next Step  

NCEA Economics Level 2