13ECO

Level 3 Economics

Course Description

This course examines topics of obvious importance to human well-being. This will be applicable to areas such as education, health, business and the environment. This course will cover most concepts required for a first year commerce degree in any commerce related field including finance, management, marketing, or economics. The focus is on markets, allocative efficiency and equilibrium.

Course Overview

Term 1
Level 2 Recap followed by a study of marginal utility, elasticity and elasticity of supply.

Term 2
A study of markets and externalities.

Term 3
A study of macro-economic concepts.

Term 4
Revision

Recommended Prior Learning

Level 1 or 2 Economics

Equipment/Stationery

Workbook highly recommend ($25)

Credit Information

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

Total Credits Available: 20
Internal Assessed Credits: 10
External Assessed Credits: 10
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


Further assessment opportunities will not be offered for this standard in line with NZQA guidelines

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


Further assessment opportunities will not be offered for this standard in line with NZQA guidelines

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


Further assessment opportunities will not be offered for this standard in line with NZQA guidelines

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


Further assessment opportunities will not be offered for this standard in line with NZQA guidelines

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: 20
Total Level 1 Literacy Credits: 0
Total University Entrance Literacy Credits: 20
Total Numeracy Credits: 0

Approved subject for University Entrance

Number of credits that can be used for overall endorsement: 20

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

this information may vary