3ECO
This course requires 2 options.

Level 3 Economics

Subject Description

Teacher in Charge: Ms K. Browning.

Looking ahead to a career in business, finance, or government policy? Aiming for a degree/diploma in Commerce? Then 3 Economics will give you the advantage you need! In this course we look at market forces, consumer choice, and the decision-making of firms. We also look at market failure and the role of government in our economy. If that all sounds like a foreign language to you, don’t worry: by the end of the course it won’t. You’ll be able to interpret and comment on current economic issues, explain your economic thinking logically and clearly, and maybe even run for Prime Minister ;)

[Yes, this course gives you both reading and writing credits towards University Entrance. Woohoo!]

Recommended Prior Learning

Literacy and Numeracy NCEA Level 2 are required - or approval must be given by Ms Browning. Please consult with her. Students who have taken Level 2 Economics will be at a significant advantage.

Pathway

If you are considering studying Commerce at university/polytechnic, you will be at a real advantage if you have taken 3 Economics. Students who have taken first-year Economics at university/polytechnic (required for most Commerce degrees) have been in touch to say it was much easier for them after having taken 3 Economics at school.

Career Pathways

Credit Information

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

This course is eligible for subject endorsement.

This course is approved for University Entrance.

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

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.