Level 1 Economics

11ECO
Course Description

Teacher in Charge: Mr S. Healy

Economics is a social science involving the study of people and their activities relating to production, consumption and exchange. It covers the behaviour of individuals, their work decisions of what to produce, where to locate and how to market, and the activities of government. The subject also explores major economic issues such as employment, inflation, budget deficits, trade, economic growth and government policies. Economics develops analytical and critical thinking skills, and as students progress to more advanced levels at St John's College, they will have the opportunity to specialise in varied areas such as financial markets, game theory, labour and environmental economics.

NCEA Level One is an introduction to Economics where students will begin to gain an understanding of the complexities of the New Zealand Economy and the decisions consumers, producers and societies make with the means of production.
The course is a full year general introduction to Economic Ideas.
1. Business and Producers in the Economy
2. Consumers in the Economy
3. The Working of the Market


Pathway

Level 2 Economics

Contributions and Equipment/Stationery

$45 for the workbook and a personal subscription to the Elearn Website.
2B8 exercise book, Blue or Black pens, Ruler, Highlighters, Refill, Clearfile.


Recommended Prior Learning

Results from Year 10 will used to assess capability for external assessment


Credit Information

This course is eligible for subject endorsement.

Assessment
Level
Internal or
External
Credits
L1 Literacy Credits UE Literacy Credits Numeracy Credits
A.S. 90983 v3 Economics 1.1 - Demonstrate understanding of consumer choices, using scarcity and/or demand
1
E
4
Y
A.S. 90984 v3 Economics 1.2 - Demonstrate understanding of decisions a producer makes about production
1
I
5
Y
A.S. 90985 v3 Economics 1.3 - Demonstrate understanding of producer choices using supply
1
E
3
Y
A.S. 90986 v3 Economics 1.4 - Demonstrate understanding of how consumer, producer and/or government choices affect society, using market equilibrium
1
E
5
Y
A.S. 90988 v3 Economics 1.6 - Demonstrate understanding of the interdependence of sectors of the New Zealand economy
1
I
3
Y
Total Credits

Total Credits Available: 20 credits.
Externally Assessed Credits: 12 credits.
Internally Assessed Credits: 8 credits.

Pathway Tags

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, Elected Government Representative, Barrister, Judge, Legal Executive, Solicitor


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