Level 3 Economics
Level 3 Economics
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NUMBER OF CREDITS: UP TO 18
Entry Recommendations:
Open entry NCEA Level 2 Economics is recommended but not required.
Course Outline:
A study of economics enables students to participate effectively in economic activity and contribute to their future economic well-being. This course takes a theoretical approach to micro and macro-economics in the economy. Students will be able to apply economic theory to a variety of economic situations presented to them.
Skills developed in the course:
Graphing
Literacy
Critical thinking
Analysing and interpreting information
Communicating information
Problem solving
Decision-making
Assessment:
Components of this course will be selected from the following standards to suit individual learning needs.
INTERNAL ASSESSMENT
AS91401 - Demonstrate understanding of microeconomic concepts - 5 Credits - Reading - Written Portfolio - Assessment Period - Term 1, Weeks 5, 7, 9
AS91402 - Demonstrate understanding of government interventions to correct market failures - 5 Credits - Reading - Written Report - Assessment Period - Term 3, Weeks 3-5
EXTERNAL ASSESSMENT
AS91399 - Demonstrate understanding of the efficiency of market equilibrium - 4 Credits - Reading and Writing - Examination
AS91400 - Demonstrate understanding of the efficiency of different market structures using marginal analysis - 4 Credits- Examination
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