Level 3 Economics

3ECO
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 ;)


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.


Credit Information
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.