Year 13 Economics

13ECO
Course Description

Teacher in Charge: J. Lang

What will I learn?
This course has a heavy emphasis on Microeconomics, the study of consumer and producer behaviour and those concepts that underpin the market model.
Students will use marginal analysis to explain how producer/consumer decisions are made and their consequences in influencing the market economy and Government responses. They should understand the economic reasoning behind questions such as:

• Why does noise control have the right to shut down my party?
• Why are petrol prices so high?
• Who would benefit most from a rental subsidy?
• Why doesn't the high tax on alcohol discourage binge drinking?
• Should we pay GST on our International purchases?
• What's the big deal about an extra scoop of ice cream?

They study the role of prices and the responsiveness of supply and demand to changing conditions; how firms make decisions about market structure and the impact of indirect taxation. They should understand the part the Government plays in allocating resources, particularly where the market does not result in efficient or fair outcomes. Students will investigate consumption and production externalities and they will analyse the arguments for government intervention and the methods to be used. The course also looks at an overview of the economy including the financial and foreign sectors and the impact of government actions.


Skills:
Communicating economic ideas and opinions through discussion, critical thinking. written material, working in group situations: interpreting information and drawing conclusions using economics models; making basic calculations percentage change, graph analysis; research using primary and secondary sources; critical thinking; problem-solving, self responsibility

Suit Students who:
- Like making decisions
- Enjoy discussion and debate
- Like a mix of individual and group work
- Like to apply their knowledge
- Enjoy a range of learning activities
- See a future in journalism, law, retailing, social work, politics, insurance, banking and business ownership.


Contributions and Equipment

Specific requirements for this class are:
Folder
A4 Lined Refill Pad
Students have the opportunity to purchase NCEA workbooks and an online elearn economics subscription at a total cost of $30.00. (optional)
BYOD is very useful as we will be using Google classroom and resources are uploaded to the Google team drive. If a student does not have access to a Device we will endeavour to provide some access during class when necessary.


Recommended Prior Learning

Students should have a minimum of 12 Level 2 credits in both English and Mathematics. Economics can be taken at Level 3 without having taken it previously.
In general students will undertake 18 credits in Economics at NCEA Level 3 however students who have been very successful at Level 2 may, in consultation with the HOD, elect to undertake supported self-directed study for an additional 5 credit Achievement Standard - 91405 - Demonstrate understanding of macro-economic influences on the New Zealand economy.


Credit Information

This course is eligible for subject endorsement.

This course is approved for University Entrance.

Assessment
Level
Internal or
External
Credits
L1 Literacy Credits UE Literacy Credits Numeracy Credits
A.S. 91399 v2 Economics 3.1 - Demonstrate understanding of the efficiency of market equilibrium
3
E
4
Y
4r,4w *
A.S. 91400 v2 Economics 3.2 - Demonstrate understanding of the efficiency of different market structures using marginal analysis
3
E
4
Y
4r,4w *
A.S. 91401 v2 Economics 3.3 - Demonstrate understanding of micro-economic concepts
3
I
5
Y
5r *
A.S. 91402 v3 Economics 3.4 - Demonstrate understanding of government interventions where the market fails to deliver efficient or equitable outcomes
3
I
5
Y
5r *
Total Credits
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.

Total Credits Available: 18 credits.
Externally Assessed Credits: 8 credits.
Internally Assessed Credits: 10 credits.

Pathway Tags

The Primary Industries, The Service Industries, Social and Community services, Office Manager, Accounts Officer, Banking, Insurance, Business Consultant, Mortgage Broker, Retail Buyer, Accountant, Auditor, Finance Manager, Financial Adviser, Currency Dealer, Economist, Statistician, Secondary School Teacher, Tertiary Lecturer, Property Manager, Real Estate, Valuer, Business Owner, Business Manager, Advisor, Consultant, Policy Analysis, Business Journalist


Related Videos
https://www.youtube.com/watch?v=FBjFDtH-iZM
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